Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fenced Agricultural Land Tract Title is generated by Realmo AI

    1438 Kite Road, Mineral Wells, TX 76067

    View on Map
    Claim this Listing
    For Sale
    $350,000

    LAND - Mineral Wells, TX

    Lot size:
    8.00 Acres
    Added:
    May 21, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 5 at 7:06 am

    Property Features for 1438 Kite Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed
    Standard status
    Active
    APN
    563498
    Lot size
    8.00 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 8.000 AB 706 TR 4-1 T&P RY CO#27 G#107
    Tax Annual Amount
    3101

    We can help!

    Listing Contact
    Ronnie Warren

    Listing agent Ronnie Warren License #058518

    Listing office CENTURY 21 Judge Fite Company Dallas, TX

    Listing date May 21, 2026

    MLS# 21238141 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.

    HighLights

    • 8‑acre undeveloped tract at the end of a quiet dead‑end road with a fenced front boundary
    • Currently established as a productive coastal Bermuda hay field yielding approximately 30 to 60 round bales per season
    • Open, level terrain offers flexible use for building, ranching, or horse/cattle property
    • Large double entry gate provides secure access to the property

    Overview

    This 8-acre tract of undeveloped land is currently established as a productive coastal Bermuda hay field. The property features open, level terrain that can support ongoing agricultural use or be repurposed for a small ranch-style setup. Production is described as approximately 30 to 60 round bales per season, and the land is fenced along the front boundary for added control and security, with a large double entry gate providing convenient access.

    The acreage sits tucked away at the end of a quiet dead-end road, designed to keep daily traffic minimal. The setting emphasizes privacy and a peaceful approach, with wide-open skies and room to expand plans without immediate congestion.

    For buyers seeking working farmland, this tract offers a straightforward option with existing hay field continuity and usable acreage. For those planning to transition into a custom homestead or livestock-oriented use, the fenced frontage, gated entry, and level ground can support a variety of resident and agricultural layouts. Overall, it presents a practical combination of productivity today and flexibility for what you want to build next.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Hotel & Motel Furniture & Home Goods Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Mineral Wells
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.120293
    Latitude
    32.875175

    Nearby Similar for Sale

    • $550,000
      4,500 SF

      Automotive Repair Shop with Roll-Up Doors

      Turnkey RV and vehicle repair facility with multiple roll-up doors and secure rear parking.
      2815 S Highway 281, Mineral Wells, TX 76067
      View Details
    • $249,900
      2,868 SF

      Retail Kitchen Space with Basement

      Flexible retail setting with ample parking, a ready-to-customize kitchen, and a large basement for storage or expansion.
      1311 Highway 180 W, Mineral Wells, TX 76067
      View Details
    • $899,000

      Two-Building Automotive Property

      Automotive repair front building plus metal storage rear building, positioned for strong visibility and redevelopment flexibility.
      3806 E HWY 180, Mineral Wells, TX 76067
      View Details
    • $1,200,000

      High-Traffic Highway Frontage Development Site

      Prime development opportunity with high-traffic visibility on Hwy 180 and flexibility to divide for future phases.
      2515 E Hubbard Street, Mineral Wells, TX 76067
      View Details
    • $650,000

      Industrial Distribution Warehouse

      A concrete-built distribution warehouse with explosion-proof electrical, secured yard, and on-site paint booth for flexible industrial uses.
      598 Grant Road, Mineral Wells, TX 76067
      View Details
    • $915,000
      2,024 SF

      Light Industrial Flex Property

      Dual road frontage and multiple improvements support flexible light industrial, storage, and service operations with on-site living space.
      2602 Fm 1195, Mineral Wells, TX 76067
      View Details
    • $499,000

      Warehouse with Large Bay Doors

      Open industrial layout with high ceilings and drive-through access supports a wide range of specialty and storage uses.
      411 Lee, Mineral Wells, TX 76066
      View Details
    • $1,683,200

      Drive-Through Restaurant Property

      Restaurant-ready building with a fully equipped kitchen, spacious dining, ample parking, and a convenient drive-through lane.
      215 27th Avenue, Mineral Wells, TX 76067
      View Details
    • $370,000

      Industrial Shop with Dual Roll-Up Doors

      Industrial shop with office, flex/storage space, and customer parking, with dual-side roll-up access for equipment and service use.
      2220 Old Millsap Highway, Mineral Wells, TX 76067
      View Details
    • $279,000

      Office Building with Open Showroom

      A well-equipped office layout with HVAC upgrades and covered parking, offering flexibility for expanding businesses.
      203 SW 7th Avenue, Mineral Wells, TX 76067
      View Details
    • $147,700

      Versatile Commercial Building Opportunity

      Solid-condition commercial building with flexible retail or office potential and easy access in a growing community.
      2006 SE 6th Avenue, Mineral Wells, TX 76067
      View Details
    • $550,000
      4,028 SF

      Auto Repair Shop with 6 Roll-Up Doors

      Automotive and RV repair facility with multiple roll-up doors, secured rear parking, and heated/cooled office and break space.
      2815 S Highway 281, Mineral Wells, TX 76067
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Undeveloped farmland with established Bermuda hay production, open level ground, and gated access on a quiet dead-end road.
    Where is this agricultural land / farmland located?
    The property is located at 1438 Kite Road Mineral Wells, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 8‑acre undeveloped tract at the end of a quiet dead‑end road with a fenced front boundary; Currently established as a productive coastal Bermuda hay field yielding approximately 30 to 60 round bales per season; Open, level terrain offers flexible use for building, ranching, or horse/cattle property
    (214) 920-9611
    We can help!
    Listing Contact
    Ronnie Warren
    Real Estate License ID: 058518
    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
    1438 Kite Road, Mineral Wells, TX 76067
    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!