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    2602 Fm 1195 Mineral Wells, TX 76067

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    Sponsored
    For Sale
    $915,000

    Industrial - Mineral Wells, TX

    Type:Industrial
    Property size:
    2,024 SF
    Lot size:
    12.58 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 21 at 5:06 pm

    Property Features for 2602 Fm 1195

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    APN
    05330
    Parking features
    Carport
    Size
    2,024 SF
    Lot size
    12.58 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Wood (Heating), Wood Stove
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2018
    Flooring type
    Concrete
    Building materials
    Stone
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Brandy Johnson

    eXp Realty, LLC

    Listing agent Brandy Johnson License #0745492

    Listing date Mar 19, 2026

    MLS# 21205636 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

    Versatile Industrial Property in Mineral Wells

    Located in Mineral Wells, this light industrial property offers visibility and flexibility for various uses. Positioned at the intersection of FM 1195 and MH 379, with approximately 7,000 vehicles per day, the property features dual road frontage and access from both highways. The property, formerly residential and now zoned light industrial, supports multiple investment strategies, including buy-and-hold, income-producing rental, or immediate owner-user occupancy. It is suited for an RV park, contractor yard, equipment or fleet vehicle storage hub, industrial flex space, storage unit development, or industrial and vehicle service operations. Its proximity to Mineral Wells Regional Airport also makes it suitable for aircraft maintenance and repair, flight training, or aviation-related businesses. The site includes a 2,024 square foot, 3-bedroom, 2.5-bath home built in 2018 with an attached carport and a 16-panel solar system, suitable for on-site living, office use, or rental income. Additional improvements include a pole barn, a barn with stalls, full fencing and cross-fencing, and a spring-fed tank. City water and sewer are available, along with three on-site water wells. Area growth is accelerating with new residential developments and ongoing airport expansion. The property is 12.58 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Auto Repair Shop Pharmacy Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility HVAC Service Electrical Service Car Rental Facility

    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
    -98.066414
    Latitude
    32.78765

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    FAQs

    What type of property is this?
    Flex space - Light industrial property with dual road frontage and multiple uses.
    Where is this flex space located?
    The property is located at 2602 Fm 1195 Mineral Wells, TX.
    What is the asking price?
    The asking price for this property is $915,000.
    What are key features of this property?
    This property features: - Prime location at the high-traffic intersection of FM 1195 and MH 379 (approx. 7,000 VPD) with dual road frontage and access.; - Zoned light industrial, supporting multiple investment strategies.; - Includes a 3-bedroom, 2.5-bath home built in 2018 with attached carport and 16-panel solar system.
    (888) 519-7431
    Request Owner's contact information
    2602 Fm 1195 Mineral Wells, TX 76067
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    Mineral Wells, TX 76067
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    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
    2602 Fm 1195 Mineral Wells, TX 76067
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    Listing Contact
    Brandy Johnson
    Real Estate License ID: 0745492
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