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

    23 Turner Ranch Rd Brownwood, TX 76801

    Sponsored
    For Sale
    $150,000

    Unimproved Land - Brownwood, TX

    Type:Unimproved Land
    Lot size:
    0.73 Acres
    Days on Market:
    31
    Last Refresh:
    Jan 27 at 5:06 pm

    Property Features for 23 Turner Ranch Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000020007122
    Lot size
    0.73 Acres

    Taxes and HOA fees

    Expense value
    450
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake Front, Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Earl Bilbrey

    Keller Williams Southlake- Dallas DFW (DRO Management II, LLC) (817) 329-8850

    Listing agent Earl Bilbrey (817) 329-8850 License #0641061

    Listing date Dec 28, 2025

    MLS# 20898668 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

    Waterfront Land in Turner Ranch

    This is a rare opportunity to purchase waterfront property in the highly desired Turner Ranch Estates on Lake Brownwood. The property, with vibrant trees, offers gorgeous views, great water depth, and excellent building sites. The lot size is 0.734 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Hotel & Motel Department Store Storage Facility Garden Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -99.10002757
    Latitude
    31.84152461

    Nearby Similar for Sale

    • $875,000
      2,295 SF

      Brownwood Farm and Ranch Property

      Acreage with well-maintained home, shop, and equestrian facilities.
      5280 Fm 2632 N, Brownwood, TX 76801
      View Details
    • $2,975,000
      1.83 Acres

      Income-Producing Depot Station Complex

      Turnkey complex with hospitality, retail, and rental income streams.
      1001 A Vine, Brownwood, TX 76801
      View Details
    • $629,000
      74.79 Acres

      Turn-Key Ranch Retreat

      74.79 acre ranch with cabin-style home in Brown County.
      12750 Cr 129, Brownwood, TX 76801
      View Details
    • $365,000
      1,900 SF

      Secluded Brownwood Farm with Pond

      Charming 3-bedroom home on 12 acres with stocked pond.
      11950 County Road 105, Brownwood, TX 76801
      View Details
    • $1,300,000
      1.17 Acres

      Brownwood Depot Station Investment Complex

      Multi-income property near downtown and event venue in Brownwood, TX.
      708 Avenue A, Brownwood, TX 76801
      View Details
    • $199,000
      0.78 Acres

      Remodeled Commercial Building with Drive-Through

      2,400 sq ft remodeled building in high-traffic Brownwood location.
      2810 4Th St, Brownwood, TX 76801
      View Details
    • $269,000
      0.94 Acres

      Turnkey Investment Near Lake Brownwood

      Fully operational income-generating property near Lake Brownwood with excellent tenants.
      8294 Highway 279, Brownwood, TX 76801
      View Details
    • $400,000
      0.34 Acres

      Boutique Coffee & Sandwich Shop

      Charming coffee and sandwich shop in high-traffic location.
      1017 Austin Ave, Brownwood, TX 76801
      View Details
    • New
      $3,500,000
      6,354 SF

      Iconic Restaurant Turnkey Opportunity

      Established restaurant with drive-thru, recipes, staff, and training included.
      4412 Highway 377 S, Brownwood, TX 76801
      View Details
    • $300,000
      3.12 Acres

      Versatile Commercial Property with Income

      3+ acre commercial property with shop, residence, and business opportunity.
      2300 W Main Ave, Brownwood, TX 76801
      View Details
    • $2,150,000
      4.34 Acres

      Brownwood, Texas Hospitality Investment Opportunity

      56-room hotel with value-add potential in a growing area.
      4410 Highway 377 S, Brownwood, TX 76801
      View Details
    • $1,900,000
      0.69 Acres

      Profitable Turn-Key Liquor Store

      Thriving liquor store with 25+ years of community service.
      1001 Vine St, Brownwood, TX 76801
      View Details

    FAQs

    What type of property is this?
    Specialty property - Waterfront property in Turner Ranch Estates on Lake Brownwood.
    Where is this specialty property located?
    The property is located at 23 Turner Ranch Rd Brownwood, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Rare opportunity to purchase waterfront property on Lake Brownwood in Turner Ranch Estates.; - Opportunity to purchase two adjacent lots together.; - **Gorgeous views.**
    (817) 329-8850
    Request Owner's contact information
    23 Turner Ranch Rd Brownwood, TX 76801
    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.
    23 Turner Ranch Rd
    Brownwood, TX 76801
    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
    23 Turner Ranch Rd Brownwood, TX 76801
    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
    Earl Bilbrey
    Real Estate License ID: 0641061
    (817) 329-8850
    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.