Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Lake Amistad Title is generated by Realmo AI

    111 BRITE RD, Del Rio, TX 78840

    View on Map
    Claim this Listing
    For Sale
    $99,000

    LAND - Del Rio, TX

    Lot size:
    3.00 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    100
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for 111 BRITE RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Standard status
    Active
    APN
    67437
    Lot size
    3.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Private, Well

    We can help!

    Listing Contact
    Darrell Hicks

    Listing agent Darrell Hicks License #770920

    Listing office Keller Williams Brazos West Weatherford, TX

    Listing date Feb 25, 2026

    MLS# 21133200 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.

    HighLights

    • 3 Acres of Land
    • Less Than 2 Miles From Lake Amistad
    • Water Well Installed
    • Septic System Installed
    • Set Up For Mobile Home
    • Build‑to‑Suit Opportunity

    Overview

    This property features 3 acres of land located less than 2 miles from Lake Amistad. It is set up for a mobile home, with a water well and septic system already installed. There is currently a mobile home on the property that requires repair or removal. The property is located in Del Rio, Texas, within Val Verde County, and has a postal code of 78840.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Del Rio
    County
    Val Verde
    State
    Texas
    Longitude
    -101.02596
    Latitude
    29.461548

    Nearby Similar for Sale

    • $539,000
      2,676 SF

      Medical Office Building Near Hospital

      Medical office building with expansion potential near Val Verde Hospital.
      1011 E 7th, Del Rio, TX 78840
      View Details
    • $1,200,000
      6,350 SF

      Corner Retail and Office Building

      Recently updated corner property with offices, open areas, event room, and dual-stall restrooms along Veterans Blvd.
      408, 410, 414 Veterans Blvd, Del Rio, TX 78840
      View Details
    • $390,000
      2,550 SF

      Corner-Leased Medical Office Building

      Leased office building positioned on a highly visible corner across from the hospital.
      714 N Bedell, Del Rio, TX 78840
      View Details
    • $525,000
      1,576 SF

      Prime Commercial Property Near HEB

      High-traffic location with established mechanic shop and retail potential.
      402&406 E 2nd St, Del Rio, TX 78840
      View Details
    • $499,000
      9,483 SF

      Del Rio Retail/Industrial Opportunity

      9,483 SF mixed-use commercial property in high-traffic area.
      201 Avenue A, Del Rio, TX 78840
      View Details
    • $590,000
      3,000 SF

      Del Rio Commercial Auto Shop

      Commercial property in Del Rio business center, formerly an auto shop.
      401-403 E 3rd, Del Rio, TX 78840
      View Details
    • $330,000
      3,200 SF

      Del Rio Office Building For Sale

      3,200 sq ft office building in Del Rio, TX.
      200 Kings Way, Del Rio, TX 78840
      View Details
    • $425,000
      2,080 SF

      Del Rio Office on Veterans

      2,080 SF commercial property on high-traffic Veterans Blvd.
      3711 Veterans, Del Rio, TX 78840
      View Details
    • $1,800,000
      10,400 SF

      Freestanding Building in Del Rio

      Prime location building suitable for retail, office, or medical.
      901 Veterans, Del Rio, TX 78840
      View Details
    • $449,000
      3,000 SF

      Established Bar with Lake View

      Turn-key bar business opportunity on 1.6 acres with furnishings.
      9145 W HWY 90, Del Rio, TX 78840
      View Details
    • $285,000

      Commercial Building in Del Rio

      Versatile commercial building on three lots, ideal for various uses.
      601-603-605 E 7Th, Del Rio, TX 78840
      View Details
    • $355,000
      3,817 SF

      Income-Producing Fourplex in Central Del Rio

      Well-maintained four-unit property near schools, shopping, and dining.
      101 Shannon, Del Rio, TX 78840
      View Details

    FAQs

    What type of property is this?
    Land - 3-acre land with utilities near Lake Amistad, Del Rio.
    Where is this land located?
    The property is located at 111 BRITE RD Del Rio, TX.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: 3 Acres of Land; Less Than 2 Miles From Lake Amistad; Water Well Installed
    (817) 441-4000
    We can help!
    Listing Contact
    Darrell Hicks
    Real Estate License ID: 770920
    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

    Thank You for Inquiry
    111 BRITE RD, Del Rio, TX 78840
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!