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

    9000 Brownie Luker Blvd Granbury, TX 76048

    Sponsored
    For Sale
    $240,975

    Unimproved Land - Granbury, TX

    Type:Unimproved Land
    Lot size:
    1.02 Acres
    Days on Market:
    304
    Last Refresh:
    Feb 4 at 4:06 am

    Property Features for 9000 Brownie Luker Blvd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000107739
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Expense value
    600
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Heather Combs

    Always Realty LLC (512) 801-3717

    Listing agent Heather Combs (512) 801-3717 License #0553927

    Listing date Apr 7, 2025

    MLS# 20771495 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

    Residential Land Near Lake Granbury

    Located just outside Granbury and near Lake Granbury, the 1.023-acre property at 9000 Brownie Luker Boulevard is situated in the Luker Ranch subdivision. This lot is suitable for building a custom home. Located off Glen Rose Hwy, it is approximately 10 miles from the shopping and dining options in Granbury. The property is positioned behind trees with Lake Granbury nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.717966
    Latitude
    32.401547

    Nearby Similar for Sale

    • $995,000
      7.51 Acres

      Log Cabin Church in Granbury

      Scribed log cabin church on 7.51 acres in Granbury.
      111 Cowboy Ct, Granbury, TX 76048
      View Details
    • New
      $3,500,000
      3,479 SF

      Granbury Estate with Scenic Views

      86-acre North Texas estate with custom home and workshop.
      3025 Neri Rd, Granbury, TX 76048
      View Details
    • $1,295,000
      2.64 Acres

      Established Automotive Business in Granbury, TX

      Turn-key automotive business with real estate and growth potential.
      200 Western Hills Ct, Granbury, TX 76049
      View Details
    • New
      $4,700,000
      2,085 SF

      Brazos Riverfront Ranch Retreat

      112-acre ranch with river frontage near Granbury, Texas.
      10501 Mitchell Bend Ct, Granbury, TX 76048
      View Details
    • $599,000
      0.07 Acres

      Renovated Triplex Near Granbury Square

      Fully renovated triplex near Granbury Historic Square, ready for rentals.
      201 S Jones St, Granbury, TX 76048
      View Details
    • $999,997
      3.07 Acres

      Historic Income-Producing Granbury Property

      Charming, income-producing property near Granbury's Historic Square.
      512 N Travis St, Granbury, TX 76048
      View Details
    • New
      $849,900
      2.50 Acres

      Lakefront Airbnb Property with Expansion Potential

      Rare lakefront Airbnb on 2.5 acres with 5 unrestricted lots.
      5986 Field Ct, Granbury, TX 76048
      View Details
    • $1,500,000
      3.00 Acres

      Turn-Key Body-Mechanic Shop on 3 Acres

      Established Granbury body shop with mechanic shop, home, and business.
      725 Holmes Dr, Granbury, TX 76048
      View Details
    • $179,900
      0.30 Acres

      Granbury Mixed-Use A-Frame with Shop

      Versatile property with commercial zoning, residential grandfathering, and large shop.
      157 Business Blvd, Granbury, TX 76049
      View Details
    • $649,000
      1.77 Acres

      Versatile Commercial Property on Pearl Street

      Adaptable commercial space with expansion potential in a high-visibility location.
      1806 W Pearl St, Granbury, TX 76048
      View Details
    • $999,997
      3.07 Acres

      Granbury Income-Producing Historic Cottages

      Historic, income-producing property near Granbury's Historic Square.
      512 N Travis St, Granbury, TX 76048
      View Details
    • $949,000
      1.27 Acres

      Granbury Commercial Building For Sale

      Commercial building suitable for business owner, investor, or multiple users.
      901 Tucker Way, Granbury, TX 76048
      View Details

    FAQs

    What type of property is this?
    Land - Spacious lot in Luker Ranch, perfect for building a dream home.
    Where is this land located?
    The property is located at 9000 Brownie Luker Blvd Granbury, TX.
    What is the asking price?
    The asking price for this property is $240,975.
    What are key features of this property?
    This property features: - Spacious 1.023 acre lot ideal for building a custom dream home.; - Located in the desirable Luker Ranch subdivision near Lake Granbury.; - Close proximity to Lake Granbury (behind the property through the trees).
    (512) 801-3717
    Request Owner's contact information
    9000 Brownie Luker Blvd Granbury, TX 76048
    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.
    9000 Brownie Luker Blvd
    Granbury, TX 76048
    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
    9000 Brownie Luker Blvd Granbury, TX 76048
    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
    Heather Combs
    Real Estate License ID: 0553927
    (512) 801-3717
    Learn more
    Google sign-in failed. Please try again or use another login method.