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

    47 Barber Lake Dr Mineral Wells, TX 76067

    Sponsored
    For Sale
    $150,000

    Unimproved Land - Mineral Wells, TX

    Type:Unimproved Land
    Lot size:
    7.50 Acres
    Days on Market:
    122
    Last Refresh:
    Feb 5 at 7:06 am

    Property Features for 47 Barber Lake Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R566036
    Lot size
    7.50 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
    Denton Aguam

    Texas Starpath Partners Inc (972) 599-7000

    Listing agent Denton Aguam (972) 599-7000 License #0496115

    Listing date Oct 7, 2025

    MLS# 20860035 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

    7.5 Acres in Gated Community

    This 7.5-acre property is located in the Brazos Mountain Ranch, a gated community. The land offers views of the surrounding landscape. It is suitable for building a cabin or barndominium. Residents have access to a private river and a 5-acre park for outdoor activities, relaxation, and nature walks. The property is located approximately 45 minutes from Possum Kingdom Lake and near Palo Pinto County's new State Park, which includes a visitor’s center, playscape, and pavilion. As part of the Brazos Mountain Ranch community, this property includes membership in a cattle grazing association, ensuring the AG-Exemption remains intact.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -98.196206
    Latitude
    32.745627

    Nearby Similar for Sale

    • New
      $2,240,000
      2,862 SF

      66-Acre Recreational Ranch Barndominium

      Recreational ranch with barndominium in Palo Pinto County, Texas.
      1079 Union Hill Rd, Mineral Wells, TX 76067
      View Details
    • $6,700,000
      6,114 SF

      Luxury Ranch Estate with Covered Arena

      69-acre Mineral Wells estate with luxury home and equestrian facilities.
      501 Grimes Rd, Mineral Wells, TX 76067
      View Details
    • $1,350,000
      1,349 SF

      Versatile Property with RV Storage

      17+ acre property featuring storage, living quarters, and recreational amenities.
      435 Gene Lee Rd, Mineral Wells, TX 76067
      View Details
    • $450,000
      0.34 Acres

      Downtown Mineral Wells Investment Opportunity

      Fully leased, income-producing building in downtown Mineral Wells with diverse tenants.
      401 W Hubbard St, Mineral Wells, TX 76067
      View Details
    • $2,450,000
      4,223 SF

      Turnkey Ranch Ready for Operation

      Move-in ready ranch suitable for training or breeding operations.
      1003 Lamkin Rd, Mineral Wells, TX 76067
      View Details
    • $775,000
      3.17 Acres

      Commercial Property with Residential House

      Commercial property featuring metal buildings, a house, and multiple amenities.
      1201 Mh 379, Mineral Wells, TX 76067
      View Details
    • $1,683,304
      4.50 Acres

      Versatile Investment Property in Mineral Wells

      Income-producing property with warehouses, office space, living spaces, and billboard.
      7966 W 180 Hwy, Mineral Wells, TX 76067
      View Details
    • $1,683,200
      1.07 Acres

      Restaurant Opportunity in Mineral Wells

      Restaurant property with high-volume kitchen, dining area, and drive-through.
      215 27Th Ave, Mineral Wells, TX 76067
      View Details
    • $345,000
      1,800 SF

      Historic Building Near Baker Hotel

      1930s Spanish Colonial Revival building suitable for office or retail.
      916 E Hubbard St, Mineral Wells, TX 76067
      View Details
    • New
      $199,990
      42 SF

      Versatile Commercial/Industrial Zoned Property

      4,800 SF commercial/industrial property with flexible business possibilities.
      348 A Sam Houston St, Mineral Wells, TX 76067
      View Details
    • $380,000
      0.99 Acres

      Mineral Wells Industrial Shop For Sale

      2,875 SF industrial shop on just under an acre.
      2220 Old Millsap Hwy, Mineral Wells, TX 76067
      View Details
    • $650,000
      1.58 Acres

      Mineral Wells Industrial Property For Sale

      Warehouse/industrial property with concrete parking, suitable for various businesses.
      598 Grant Rd, Mineral Wells, TX 76067
      View Details

    FAQs

    What type of property is this?
    Land - 7.5-acre property in Brazos Mountain Ranch, a premier gated community.
    Where is this land located?
    The property is located at 47 Barber Lake Dr Mineral Wells, 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: - 7.5-acre property in Brazos Mountain Ranch, a premier gated community.; - Breathtaking views and ideal for stargazing.; - Access to private river access and a 5-acre park within the community.
    (972) 599-7000
    Request Owner's contact information
    47 Barber Lake Dr Mineral Wells, TX 76067
    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.
    47 Barber Lake Dr
    Mineral Wells, TX 76067
    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
    47 Barber Lake Dr Mineral Wells, TX 76067
    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
    Denton Aguam
    Real Estate License ID: 0496115
    (972) 599-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.