937 Flat Creek RD
About This Property
The property features outstanding infrastructure with electricity available on-site and a strong water well producing an impressive 100 GPM. Access is excellent with approximately 675 feet of paved frontage along Flat Creek Road, making entry convenient and attractive for future improvements.
A scenic wet-weather creek meanders through the property, enhanced by two concrete crossings that provide easy access throughout the ranch. Towering mature trees and rich fertile soil create a truly remarkable landscape with multiple premier building sites offering privacy, views, and flexibility for a dream home or weekend retreat.
Additional improvements include a 30x40 three-sided metal barn built on a concrete slab, ideal for equipment storage, livestock, or workshop use. The property is fenced on three sides and offers a rare opportunity to own a highly usable tract in a prime location just minutes from downtown Johnson City.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2026 | No longer available | - | |
| No longer available | |||
| May 19, 2026 | Listed by Topper Real Estate | $999,995 | |
| Listed by Topper Real Estate | |||
| Mar 13, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 13, 2024 | Listed by Ranchland Real Estate | $1,387,000 | |
| Listed by Ranchland Real Estate | |||
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PRICE REDUCTION!! Enjoy 38+/- acres in Blanco County, just Blancos from downtown Johnson City! With approximately 1,000ft of frontage along Flat Creek Road, this property offers privacy and convenience. It's an ideal canvas for your dream home, featuring a mix of open spaces and thick brush, fenced on 3 sides, and a wet-weather creek in the southwest corner that captures overflow from Flat Creek. There's a 1.4+/- acre field on the property that can be turned into a spring and fall food plot or can be grown back to native grasslands! The versatility of this land opens up numerous possibilities. Wildlife Tax Exemption in place. Just 5 minutes to Johnson City and 35 minutes to Fredericksburg!
LOCATION: Located in Blanco County off 937 Flat Creek Road.
2 miles from Johnson City, 16 miles from Blanco, 30 miles from Fredericksburg, 50 miles to Austin, 67 miles to San Antonio, 200 miles to Houston
WILDLIFE: Whitetail deer, Rio Grande turkey, hogs, and the occasional axis deer.
Ranchland Real Estate, LLC
The information provided herein is deemed accurate, but subject to errors, omissions, price changes, prior sale, or withdrawal. Ranchland Real Estate and broker agents licensed by Ranchland Real Estate does not guarantee or is anyway responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. Please verify all facts.
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| Mar 12, 2024 | Price Decreased |
$1,387,000
↓ $238K
(14.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017