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

    302 Mesquite St Glen Rose, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for purchase in Glen Rose, Texas.

    Type:LAND
    Lot size:
    4.41 Acres
    Added:
    Jul 15, 2024
    Days on Market:
    641
    Last Refresh:
    Apr 5 at 10:42 pm

    Property Features for 302 Mesquite St

    General Information

    Standard status
    Active
    Lot size
    4.41 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Tim Clark
    Tim Clark

    Listing agent Tim Clark License #0445198

    Listing office Clark Real Estate Group

    Listing date Jul 15, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Clark Real Estate Group

    Overview

    Land for Sale

    This land is available for purchase and is located at 302 Mesquite St, Glen Rose, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Rose
    County
    Somervell
    State
    Texas
    Longitude
    -97.7568
    Latitude
    32.2367

    Nearby Similar for Sale

    • $400,000

      Glen Rose Retail Opportunity

      High-visibility retail building on US Highway 67 in Glen Rose.
      608 Big Bend Trail, Glen Rose, TX 76043
      View Details
    • $425,000

      Glen Rose Restaurant Opportunity

      Landmark restaurant location with outdoor area and expansion potential.
      212 NE Barnard Street, Glen Rose, TX 76043
      View Details
    • $250,000

      Historic Building in Glen Rose, TX

      Corner lot property with B3 zoning near town square.
      112 Barnard Street, Glen Rose, TX 76043
      View Details
    • $199,750

      Warehouse with Office Space

      Commercial property with warehouse and office space near Hwy 67.
      1497 W Highway 67, Glen Rose, TX 76043
      View Details
    • $850,000

      Glen Rose Storage Facility Investment

      145-unit storage facility on 2 acres in Glen Rose.
      2699 Fm 56, Glen Rose, TX 76043
      View Details
    • $1,100,000

      Established Event Venue Near Glen Rose

      Event venue on 17 acres near Fort Worth, Dallas, Waco.
      3119 County Road 2730, Glen Rose, TX 76043
      View Details
    • $800,000

      Glen Rose Multi-Use Investment Property

      Retail-commercial multi-use investment property with development opportunities.
      300 E Elm Street, Glen Rose, TX 76043
      View Details
    • $1,100,000

      Glen Rose Hotel and Cottages

      Unique property near historic square, ideal for boutique hotel.
      301 NE Barnard Street, Glen Rose, TX 76043
      View Details
    • $750,000

      Glen Rose Unimproved Commercial Land

      3+ acres with highway frontage, ideal for commercial development.
      Tbd Hwy 144 and 3rd Street, Glen Rose, TX 76043
      View Details
    • $315,000

      Glen Rose Gas Station Opportunity

      Unique gas station and rock house near Paluxy River Walk.
      210 Austin Road, Glen Rose, TX 76043
      View Details
    • $480,000

      Glen Rose Land For Sale

      5+ acre tract in the heart of Glen Rose, Texas.
      Tbd SW Big Bend Trail, Glen Rose, TX 76043
      View Details
    • $850,000

      High-Visibility Corner Commercial Land

      5.843-acre hard corner lot ideal for commercial development.
      2622 N 144, Glen Rose, TX 76043
      View Details

    FAQs

    What type of property is this?
    Land - Land available for purchase in Glen Rose, Texas.
    Where is this land located?
    The property is located at 302 Mesquite St Glen Rose, TX.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Land available for purchase; Located in Glen Rose, Texas
    (817) 578-0609 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Clark
    Tim Clark
    Real Estate License ID: 0445198
    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!