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    SE Martin Luther King Jr St Mineral Wells, TX 76067

    For Sale
    $1,000,000

    Unimproved Land - Mineral Wells, TX

    Type:Unimproved Land
    Lot size:
    5.38 Acres
    Days on Market:
    70
    Last Refresh:
    Dec 11 at 2:06 am

    Property Features for SE Martin Luther King Jr St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    16954
    Lot size
    5.38 Acres

    Building Details

    Architectural style
    Other

    INC REALTY, LLC (972) 351-1095

    Listing agent Michael Rankin (972) 351-1095 License #0709144

    Listing date Oct 3, 2025

    MLS# 20747749 Listing URL

    Copyright © 2025 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

    Development Opportunity in Mineral Wells

    This 5.384-acre property presents a prime development opportunity located in Mineral Wells, Texas. The land is currently zoned Single Family 9000, but offers potential for a planned development that could accommodate multi-family housing. The property offers multiple development options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mineral Wells
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.09390091
    Latitude
    32.80359332

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    FAQs

    What type of property is this?
    Land - 5.384 acres of unimproved land with development potential.
    Where is this land located?
    The property is located at SE Martin Luther King Jr St Mineral Wells, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - PRIME development opportunity.; - Zoned Single Family 9000.; - Potential for multi-family housing development.
    (972) 351-1095
    Request Owner's contact information
    SE Martin Luther King Jr St Mineral Wells, TX 76067
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    Realmo Value Estimation

    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.

    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.

    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
    SE Martin Luther King Jr St Mineral Wells, TX 76067
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