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    The Largest CRE Database in the US with Over 1 Million Listings

    David Marr, Mineral Wells, TX

    License ID: 0646546
    Years of Experience
    10
    Association
    Greater Metro West Association Realtors Inc

    Service Locations

    Contact details

    Phone:
    (940) 325-0014
    Office Address:
    5300 B Airport Rd, Mineral Wells, TX

    Property Types

    • Land

    Performance

    Listings
    10
    Total transactions
    25
    Total transactions amount
    $7M
    Price range
    $187k - 420k
    Average price
    $280k

    Listings

    For Sale (10)

    View map
    • $39,000
      2.01 Acres

      Silver Lakes Ranch Hilltop Lot

      2-acre hilltop lot in Silver Lakes Ranch community.
      Silver Lakes Dr, Sunset, TX 76270
      View Details
    • $90,000
      0.51 Acres

      Mineral Wells Commercial Land Available

      Unimproved land in Mineral Wells, Texas, ideal for development.
      2320 Highway 180 W, Mineral Wells, TX 76067
      View Details
    • $445,000
      8.00 Acres

      8 Acres Unimproved Land

      8-acre land suitable for homesteading, investment, farming, commercial, recreation.
      99999 Cr-678, Royse City, TX 75189
      View Details
    • Contact for pricing
      0.14 Acres

      Unimproved Wooded Lot in Mineral Wells

      Unimproved land in Mineral Wells, Texas.
      9999 NW 11Th St, Mineral Wells, TX 76067
      View Details
    • $129,998
      7.50 Acres

      7.5 Acres of Unimproved Land

      7.5 acres of land in Mingus, Texas for sale.
      Tbd Beardn Ln, Mingus, TX 76453
      View Details
    • $429,000
      19.54 Acres

      Weatherford Land with Development Potential

      19.543 acres of land with development potential in Weatherford, TX.
      Tbd Mineral Wl Hwy, Weatherford, TX 76088
      View Details
    • $119,999
      3.00 Acres

      3 Acres Wooded Land

      3-acre wooded property zoned for condos, near Lake Texoma.
      S Maurice Ave, Denison, TX 75020
      View Details
    • $51,000
      3.08 Acres

      Unimproved Land in Breckenridge, TX

      3.08 acres of unrestricted land, ideal for homesteading or investment.
      1062 Cr 260, Breckenridge, TX 76424
      View Details
    • $205,000
      10.00 Acres

      Unrestricted Land Near Lake Tawakoni

      10 acres near Lake Tawakoni, ready for development.
      9999 County Road 3707, Wills Point, TX 75472
      View Details
    • $999,999
      160.00 Acres

      160 Acres of Texas Ranchland

      Secluded pasture land with ponds, cultivated land, and native grasses.
      2266 Old School Rd, Gordon, TX 76453
      View Details

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    David Marr, Mineral Wells, TX
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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