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

    203 Martin Bangs, TX 76823

    View on Map
    For Sale
    Under Contract
    Contact for pricing

    Unimproved Land - Bangs, TX

    Type:Unimproved Land
    Lot size:
    0.22 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    42
    Last Refresh:
    Apr 1 at 1:06 am

    Property Features for 203 Martin

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    000000074062
    Lot size
    0.22 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Heidi Andrade
    Heidi Andrade

    Listing agent Heidi Andrade License #0672935

    Listing office Ann Jones Real Estate 600 Fisk, Brownwood, TX

    Listing date Feb 18, 2026

    MLS# 21162391 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

    Residential Lot in Bangs, TX

    This 0.22-acre vacant lot in Bangs, TX, presents an opportunity for residential construction. The property is partially fenced and features level, cleared terrain, simplifying the building process. Utilities are available at the street, though buyers should independently verify options for electric, water, and sewer services with local providers. The lot provides ample space for a custom home, garage, workshop, garden, or outdoor living area. Located in a peaceful, small-town setting, the property is conveniently close to everyday essentials.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Pharmacy Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangs
    County
    Brown
    State
    Texas
    Longitude
    -99.134318
    Latitude
    31.711911

    Nearby Similar for Sale

    • $425,000

      Established Business with Highway Frontage

      Mixed-use property with highway visibility and income growth potential.
      1002a E Hall Street, Bangs, TX 76823
      View Details
    • $2,400,000

      Turnkey Ranch with Natural Gas Well

      394-acre ranch featuring a home, shop, and natural gas well.
      6500 FM 586, TRICKHAM, TX 76823
      View Details
    • $1,018,200

      Texas Ranch Country with Mobile Home

      135.76 acres featuring cultivation, native terrain, and abundant wildlife.
      9455 County Road 189, Bangs, TX 76823
      View Details
    • $119,900

      10.2 Acres Corner Lot in Bangs

      10.2 acres of land with tree cover near Bangs, TX.
      102 Sean Lane, Bangs, TX 76823
      View Details
    • $24,000

      Residential Land in Bangs, TX

      Land for home or mobile with utilities in place.
      300 Starkey Street, Bangs, TX 76823
      View Details
    • $123,000

      Land with Pond and Tree Cover

      10.5 acres in Bangs, TX with pond and tree cover.
      10 FM 585, Bangs, TX 76823
      View Details
    • $957,960

      Untouched Acreage Near Lake Brownwood

      159.66 acres near Bangs, TX, abundant wildlife, multiple ponds.
      Tbd #1 County Road 139, Bangs, TX 76823
      View Details
    • $484,020

      Untouched 80-Acre Texas Ranch

      Secluded ranch near Lake Brownwood with abundant wildlife.
      Tbd Thomas 80 Ranch, Bangs, TX 76823
      View Details
    • $1,989,700

      Untouched Ranch Near Lake Brownwood

      331-acre ranch abundant with wildlife near Lake Brownwood.
      Thomas/Pritchard 331 County RD 139, Bangs, TX 76823
      View Details
    • $360,000

      90 Acre Pasture with Hunting

      90 acre pasture for hunting, with ponds and creek.
      Tbd 90 Hwy 67-84, Bangs, TX 76823
      View Details
    • $450,000

      75 Acre Ranch in Bangs, TX

      75 acre ranch located in Brown County, Bangs, Texas.
      Cr 139 Thomas 75 Acre Tract, Bangs, TX 76823
      View Details
    • $210,000

      28.21 Acres with Wet Creek

      28.21 acres featuring a wet weather creek and mature trees.
      Tbd County Road 196, Bangs, TX 76823
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.22-acre vacant lot ready for a new home or shop.
    Where is this residential land & home lot located?
    The property is located at 203 Martin Bangs, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Ready‑to‑build: Level, cleared 0.22‑acre lot requires no major clearing or prep work.; Utilities available at the street: Buyer to verify options for electric, water, and sewer.; Partially fenced: Offers immediate convenience and potential cost savings.
    (325) 998-9898
    We can help!
    Listing Contact
    Heidi Andrade
    Heidi Andrade
    Real Estate License ID: 0672935
    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!