Add Listing
    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

    Lot 109 New Hope Road Palo Pinto, TX 76484

    View on Map
    For Sale
    $160,000

    Unimproved Land - Palo Pinto, TX

    Type:Unimproved Land
    Lot size:
    5.89 Acres
    Added:
    Oct 13, 2025
    Days on Market:
    171
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for Lot 109 New Hope Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    566620
    Lot size
    5.89 Acres

    Taxes and HOA fees

    Expense value
    912
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Rankin

    Listing agent Michael Rankin License #0709144

    Listing office INC Realty, LLC 608 E Hickory St Ste 128, Denton, TX

    Listing date Oct 13, 2025

    MLS# 20758864 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.

    Overview

    Wooded Land Near Palo Pinto

    This nearly 6-acre wooded property is located outside of Lone Camp and Palo Pinto, Texas, offering a secluded country setting. The land is heavily wooded with oaks and other deciduous trees, providing privacy. Situated outside city limits, the location allows for stargazing and relaxation. The property is accessible to Mineral Wells for basic shopping and groceries, and approximately 1 hour and 5 minutes from downtown Fort Worth. This land is suitable for building a vacation or retirement home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palo Pinto
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.235709
    Latitude
    32.703428

    Nearby Similar for Sale

    • $200,000

      Land Near Palo Pinto Lake

      6.19 acre land near Palo Pinto Lake, Texas.
      1176 Dunn Drive, Palo Pinto, TX 76484
      View Details
    • $460,000

      Palo Pinto Homestead Land

      18+ acres with utilities, ready for your dream home.
      1500 Brown Road, Palo Pinto, TX 76484
      View Details
    • $160,000

      Five Acre Land in Palo Pinto

      Unimproved land to build your dream home near Brazos River.
      Lot 8 Harper Trail, Palo Pinto, TX 76484
      View Details
    • $165,000

      Scenic Acreage with Water Access

      5.984 acres with lake access near Palo Pinto Mountains.
      Tbd Lot 29 New Hope Road, Palo Pinto, TX 76484
      View Details
    • $299,900

      Scenic Waterfront Land on Brazos River

      6.8+ acre waterfront lot with cliff views on Brazos River.
      Lot 135 River Canyon Rd., Palo Pinto, TX 76484
      View Details
    • $295,000

      Scenic Waterfront Land on Brazos River

      6.4+ acre waterfront lot with cliff views and river access.
      Lot 136 River Canyon Rd, Palo Pinto, TX 76484
      View Details
    • $125,000

      Palo Pinto Homesite Opportunity

      5+ acre homesite in gated community near Brazos River.
      Lot 101 New Hope Road, Palo Pinto, TX 76484
      View Details
    • $325,000

      Palo Pinto Land with Pond

      10.338 acres in gated community with Brazos River access.
      220 & 230 New Hope Lane, Palo Pinto, TX 76484
      View Details
    • $79,000

      Palo Pinto 5-Acre Land Tract

      5-acre tract in Brazos Mountain Valley Ranch subdivision.
      Tbd Lot 169 Ph 3 Wooded Acres, Palo Pinto, TX 76067
      View Details
    • $975,000

      Palo Pinto Creek Frontage Ranch

      Ag-exempt ranch featuring creek frontage, diverse landscape, and recreational opportunities.
      200 Patterson Lane, Palo Pinto, TX 76484
      View Details
    • $165,000

      Land with Lake and Mountain Views

      5.106-acre property with water well, lake access, and mountain views.
      190 New Hope Lane, Palo Pinto, TX 76484
      View Details
    • $2,699,999

      Palo Pinto Ranch Retreat

      68+ acre ranch near Palo Pinto Lake with custom apartment.
      1175 Thornton, Palo Pinto, TX 76462
      View Details

    FAQs

    What type of property is this?
    Land - Nearly 6 acres of wooded land outside city limits.
    Where is this land located?
    The property is located at Lot 109 New Hope Road Palo Pinto, TX.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Nearly 6 acres of wooded land offering privacy and space; Located outside city limits, ideal for stargazing and relaxation; Conveniently located near Mineral Wells for shopping
    (972) 351-1095
    We can help!
    Listing Contact
    Michael Rankin
    Real Estate License ID: 0709144
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!