Add Listing
    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

    Tbd Mystic Drive Merkel, TX 79536

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $100,000

    Unimproved Land - Merkel, TX

    Type:Unimproved Land
    Lot size:
    13.50 Acres
    Added:
    Apr 4, 2026
    Days on Market:
    18
    Last Refresh:
    Apr 21 at 9:06 am

    Property Features for Tbd Mystic Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    51200
    Lot size
    13.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Snodgrass
    Jennifer Snodgrass

    Listing agent Jennifer Snodgrass

    Listing office KW SYNERGY* 1700 Industrial Blvd, ABILENE, TX

    Listing date Apr 4, 2026

    MLS# 21178261 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.

    Overview

    Merkel, TX Homesite Acreage

    This 13.5-acre homesite is located near the Tin Cup Country Club, at the end of a developed cul-de-sac less than one mile north of Interstate 20 in Merkel, Texas. Utilities run through the neighborhood; buyers should verify utility connections. The property offers possibilities for a new homestead.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Merkel
    County
    Taylor
    State
    Texas
    Longitude
    -100.009
    Latitude
    32.3913

    Nearby Similar for Sale

    • $200,000

      Retail/Restaurant Space Near Interstate 20

      High-traffic location suitable for retail or restaurant use.
      9210 Interstate 20, Merkel, TX 79536
      View Details
    • $845,000
      1,200 SF

      Merkel Farm/Ranch with Barndominium

      161.93-acre farm/ranch featuring a barndominium-style cabin and hunting amenities.
      631 CR 352, Merkel, TX 79536
      View Details
    • $2,100,000
      3,045 SF

      Mulberry Canyon Ranch with Views

      162-acre ranch with luxury home and impressive infrastructure.
      483 S COUNTY ROAD 353, Merkel, TX 79536
      View Details
    • $1,150,000
      3,580 SF

      Stunning Ranch in Mulberry Canyon

      Escape to a gorgeous ranch with two living quarters.
      2302 County Road 360, Merkel, TX 79536
      View Details
    • $425,000

      80 Acres in Jones County

      Unimproved land with water wells and utilities near Merkel, TX.
      9608 County Road 452, Merkel, TX 79536
      View Details
    • $449,000

      Commercial Land Near Interstate I-20

      3.18 acres of commercial land with high interstate visibility.
      Tbd 1 & 2 I20 W, Merkel, TX 79536
      View Details
    • $1,750,000

      Thriving RV Park with Expansion

      RV park on 12 acres with expansion potential.
      9538 Interstate 20, Merkel, TX 79536
      View Details
    • $595,000

      158 Acres Improved Land, Merkel

      158 acres with shop, utilities, and potential home site.
      2681 Fm-1085, Merkel, TX 79536
      View Details
    • $195,000

      Merkel, TX Commercial Land

      One-acre commercial land with I-20 frontage in Merkel, Texas.
      Tbd Lot 1 I20 W, Merkel, TX 79536
      View Details
    • $295,000

      I-20 Frontage Commercial Land

      2.18 acre commercial lot with I-20 frontage near Abilene.
      Tbd Lot 2 I20 W, Merkel, TX 79536
      View Details
    • $165,000

      Merkel, TX Unimproved Land

      20.05 acres perfect for building or hunting.
      5472 Fm-126, Merkel, TX 79536
      View Details
    • $39,900

      Land Near Humphreys Village

      Spacious lot near amenities, ideal for building a home.
      Tbd N 1st, Merkel, TX 79536
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 13.5 acre homesite near Tin Cup Country Club.
    Where is this residential land & home lot located?
    The property is located at Tbd Mystic Drive Merkel, TX.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Large 13.5 acre homesite ready for a new homestead.; Located near Tin Cup Country Club.; Situated at the end of a developed cul‑de‑sac.
    (325) 692-4488
    We can help!
    Listing Contact
    Jennifer Snodgrass
    Jennifer Snodgrass
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!