Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ballinger, TX Land For Sale Title is generated by Realmo AI

    Hwy 67 lot 10.19 Acres, Ballinger, TX 76821

    View on Map
    Claim this Listing
    For Sale
    $575,000

    LAND - Ballinger, TX

    Lot size:
    10.19 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    95
    Last Refresh:
    Jun 6 at 11:06 pm

    Property Features for Hwy 67 lot 10.19 Acres

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    10.19 Acres

    Taxes and HOA fees

    Tax Description
    10.19 Acre Tract and a 20' wide Road Easement in Block 10 of South Ballinger Addition to the City of Ballinger, Runnels County, Texas

    Utilities

    Utilities
    Phone Available

    We can help!

    Listing Contact
    Mark A Willingham

    Listing agent Mark A Willingham License #0364787

    Listing office Willingham Realty P. O. Box 637, Ballinger, TX

    Listing date Mar 4, 2026

    MLS# 125851 Listing URL

    Copyright © 2026 San Angelo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Water and sewer available
    • 210 ft of frontage plus an additional 20‑ft‑wide road easement
    • Property widens to 411 ft across at the back
    • Total depth is 863 ft
    • Phone service available

    Overview

    This 10.19-acre commercial land parcel is located in Ballinger, TX. It offers potential for development as a hotel site or large retail space. The property features available water and sewer connections. It has 210 feet of frontage along the highway, complemented by an additional 20-foot-wide road easement. The lot widens to 411 feet across the back, with a total depth of 863 feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ballinger
    County
    Runnels
    State
    Texas
    Longitude
    -99.963683
    Latitude
    31.7204

    Nearby Similar for Sale

    • $1,950,000

      Turnkey Steakhouse With Loyal Following

      Well-established, profitable steakhouse turnkey sale with trained staff and seating for 100, positioned for continued local demand.
      1610 N Broadway Street, Ballinger, TX 76821
      View Details
    • $2,674,000

      High-Fenced Hunting and Recreation Ranch

      A high-fenced ranch with robust water resources, diverse wildlife, and flexible pasture and livestock potential.
      5703-5717 County Rd 287, Ballinger, TX 76821
      View Details
    • $460,000
      3,000 SF

      Retail Property with Drive-Thru

      Attached liquor store with drive-thru plus a 3-bedroom, 2-bath home on a sizable lot in Ballinger.
      111 S Hickory Street, Ballinger, TX 76821
      View Details
    • $2,035,530

      96.93 Acres in Ballinger, TX

      96.93 acres ideal for agriculture, grazing, or hunting.
      218 Co Rd 114, Ballinger, TX 76821
      View Details
    • $8,183,300

      Ranch Land with Hog Creek

      Extensive fenced ranch land with nearly 3 miles of creek and multiple stock tanks for livestock and recreation.
      817 County Road 130, Ballinger, TX 76882
      View Details
    • $789,000

      Recreational Ranch Land

      Diversified recreational ranch with cropland, creeks, and lakes, supported by multiple wells and established habitat for hunting and fishing.
      9999 CR 296, Ballinger, TX 76821
      View Details
    • $685,188

      Cultivated Farmland Tract

      Cultivated acreage with CRP land and electricity available, accessed via Highway 158.
      Ballinger, TX 76821
      View Details
    • $50,000
      1,800 SF

      Downtown Ballinger Storage Units

      Four storage units in downtown Ballinger, Texas.
      711 Strong Avenue, Ballinger, TX 76821
      View Details
    • $1,241,460

      5.7 Acres Development Opportunity

      5.7 acres with development potential in Ballinger, Texas.
      2017 Hutchings Ave, Ballinger, TX
      View Details
    • $1,995,000

      Turn-Key Hunting Ranch

      Managed high-fenced acreage with lodging, cleaning facilities, and ponds, ready for immediate hunting operations.
      554 CR 102, Ballinger, TX 76821
      View Details
    • $731,700

      325 Acre Ranch Near Ballinger

      Ranch with pasture, grassland, farmland, and hunting opportunities.
      1000 Cr 116, Ballinger, TX 76821
      View Details
    • $94,900
      740 SF

      Retail/Office Space with Drive-Through

      Recently built retail or office space with drive-through.
      1908 N 8th St, Ballinger, TX 76821
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.19 acres with utilities, suitable for hotel or retail.
    Where is this commercial land located?
    The property is located at Hwy 67 lot 10.19 Acres Ballinger, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Water and sewer available; 210 ft of frontage plus an additional 20‑ft‑wide road easement; Property widens to 411 ft across at the back
    (325) 365-1503
    We can help!
    Listing Contact
    Mark A Willingham
    Real Estate License ID: 0364787
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Hwy 67 lot: 10.19 Acres, Ballinger, TX 76821
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!