Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 Kelcy Way Way Early, TX 76802

    Sponsored
    Picture of Commercial land at Kelcy Way Way 109, Early, TX
    For Sale
    $400,000

    Improved Land - Early, TX

    Lot size:
    2.56 Acres
    Days on Market:
    229
    Last Refresh:
    Jan 26 at 3:06 am

    Property Features for 109 Kelcy Way Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    20055612
    Lot size
    2.56 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brandon Harris

    Mesa Commercial Real Estate (214) 577-1520

    Listing agent Brandon Harris (214) 577-1520 License #0497300

    Listing date Jun 12, 2025

    MLS# 20965822 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land in Early Town Center

    Located within the Early Town Center, a mixed-use project in the Brownwood-Early market, are pad sites available for development. These sites will be delivered curbed-in with utilities. Pad F is positioned on the new boardwalk, making it suitable for a full-service restaurant. Pad D is convenient to parking and ideal for quick service, co-working office use, or retail. The projected delivery date is Q3 2025. The Brownwood-Early area serves as a regional draw for over 105,000 people in the heart of Texas and is home to Howard Payne University and Lake Brownwood. Early Town Center will feature 160 new upscale apartments, office space, retail, restaurants, green space, and parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Early
    County
    Brown
    State
    Texas
    Longitude
    -98.9262
    Latitude
    31.753

    Nearby Similar for Sale

    • $999,500
      11,200 SF

      Versatile Commercial Property in Early, TX

      High-visibility commercial property with retail and warehouse space in Early.
      420 Early Blvd, Early, TX 76802
      View Details
    • $465,600
      48.00 Acres

      48 Acre Ranch with Ponds

      Central Texas ranch featuring ponds, rolling hills, and open pasture.
      48 County Road 292, Early, TX 76802
      View Details
    • $185,000
      0.39 Acres

      Early, TX Office For Sale

      Office space in Early, TX with high traffic count.
      704 Early Blvd Blvd, Early, TX 76802
      View Details
    • $2,000,000
      2.42 Acres

      Turnkey Commercial Property on Highway 377

      Two buildings, ice house, and additional lot on 2.42 acres.
      1305 Early Blvd, Early, TX 76802
      View Details
    • $725,000
      0.97 Acres

      Prime Location in Early, Texas

      High-visibility commercial property with potential for restaurant or retail.
      308 Early Blvd, Early, TX 76802
      View Details
    • $299,000
      0.28 Acres

      Retail Property in Early, Texas

      Retail property for sale in Early, Texas, near Brownwood.
      410 Early Blvd, Early, TX 76802
      View Details
    • $3,750,000

      Highway Frontage Specialty Property

      Specialty property for sale on Highway 183 North.
      3240 Highway 183 N, Early, TX 76802
      View Details
    • $700,000
      1,952 SF

      Prime Early, TX Commercial Land

      High-traffic corner lot, development ready.
      1101 Early Blvd, Early, TX 76802
      View Details
    • $250,000
      1.09 Acres

      Prime Early, TX Commercial Lot

      High-traffic location, build your business!
      000 Early Blvd, Early, TX 76802
      View Details
    • $400,000
      8.00 Acres

      Prime Early, TX Commercial Land

      8 Acres, Hwy 377, Development Opportunity
      377 Tbd Hwy, Early, TX 76802
      View Details
    • $650,000
      20.01 Acres

      Prime 20-Acre Development Tract in Early, TX

      Historic Stone Building & Development Land
      400 Old Comanche Rd, Early, TX 76802
      View Details
    • $595,000
      1,404 SF

      Prime Early, TX Office Building

      High-Visibility Corner Lot, 1.69 Acres
      702 Early Blvd, Early, TX 76802
      View Details

    FAQs

    What type of property is this?
    Commercial land - Mixed-use development land with utilities in growing Brownwood-Early market.
    Where is this commercial land located?
    The property is located at 109 Kelcy Way Way Early, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Pad sites available in a new, vibrant mixed-use development.; - Located in the growing Brownwood-Early market, a regional draw for over 105,000 people.; - Pad F is on the new boardwalk, ideal for a full-service restaurant.
    (214) 577-1520
    Request Owner's contact information
    109 Kelcy Way Way Early, TX 76802
    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.
    109 Kelcy Way Way
    Early, TX 76802
    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
    109 Kelcy Way Way Early, TX 76802
    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

    We can help!
    Listing Contact
    Brandon Harris
    Real Estate License ID: 0497300
    (214) 577-1520
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.