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 Parsons Road Mingus, TX 76463

    View on Map
    Picture of Agricultural land / Farmland at Tbd Parsons Road, Mingus, TX
    For Sale
    $195,000

    Unimproved Land - Mingus, TX

    Type:Unimproved Land
    Lot size:
    10.00 Acres
    Added:
    Mar 1, 2026
    Days on Market:
    31
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for Tbd Parsons Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    563514
    Lot size
    10.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joy Townsend

    Listing agent Joy Townsend License #0747195

    Listing office Keller Williams Heritage West 100 S. Oakridge Dr., Ste. 115, Weatherford, TX

    Listing date Mar 1, 2026

    MLS# 21185170 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

    10 Acres of Land Available

    This is 10 acres of unimproved land located in Mingus, Texas. The property has access to water and electricity. The seller is willing to add septic at closing. An additional 23+ acres of the entire property are listed separately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Mingus
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.4151946
    Latitude
    32.5324813

    Nearby Similar for Sale

    • $525,000

      Historic Honky Tonk Opportunity

      Legendary Texas honky tonk, a cultural landmark in Mingus.
      908 S Mingus Boulevard, Mingus, TX 76463
      View Details
    • $350,000

      Historic Bank Building in Mingus

      Commercial property with character, charm, and functionality in the heart of Mingus.
      117 Gordon Road, Mingus, TX 76463
      View Details
    • $499,999

      40 Acres in Rural Erath

      40.18 acres in Erath County with agricultural and recreational potential.
      16061 County Road 107, Mingus, TX 76463
      View Details
    • $60,000

      Land with Road Frontage

      Three lots near Hwy 108 and I-20 in Mingus, TX.
      950 Harris Street, Mingus, TX 76463
      View Details
    • $2,195,000
      9,642 SF

      Texas Hill Country Retreat Lodge

      Exclusive retreat with hosting layout, great room, and nine bedrooms.
      Tbd MOWAY Court, Mingus, TX 76463
      View Details
    • $592,725

      Heavily Wooded Erath County Ranch

      56.45-acre wooded property with hunting cabin and ponds.
      14459 County Road 107, Mingus, TX 76463
      View Details
    • $457,830

      Undeveloped Land in Mingus, Texas

      45.783 acres of untouched land with hardwood trees and ponds.
      Tbd County Road 109, Mingus, TX 76463
      View Details
    • $280,000

      Land in Gated Community

      9.953 acres in a private, gated North Texas community.
      1812 CO 114 Road, Mingus, TX 76463
      View Details
    • $129,998

      7.5 Acres of Unimproved Land

      7.5 acres of land in Mingus, Texas for sale.
      Tbd Beardn Lane, Mingus, TX 76453
      View Details
    • $887,500

      Mingus Hospitality Property with Restaurant

      Turnkey property with restaurant, tiny homes, and expansion potential.
      209 S Mingus Blvd, Mingus, TX, 76463-1145
      View Details
    • $40,000

      Land For Sale in Mingus

      Unimproved land available in Mingus, Texas.
      304 Mcguire Street, Mingus, TX 76463
      View Details
    • $457,830

      Undeveloped Land with Wildlife Potential

      Undeveloped land with ponds, hardwood trees, and abundant wildlife.
      County Rd 109, Mingus, TX
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 10 acres of land with water and electricity in Mingus.
    Where is this agricultural land / farmland located?
    The property is located at Tbd Parsons Road Mingus, TX.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: 10 acres of land, ready for your vision.; Water and electricity are already available.; Seller will add septic system at closing, providing convenience.
    (817) 441-4000
    We can help!
    Listing Contact
    Joy Townsend
    Real Estate License ID: 0747195
    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!