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    12001 B Fm 2331, Godley, TX 76044

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    For Sale
    $989,000

    LAND - Godley, TX

    Lot size:
    7.21 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 12001 B Fm 2331

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    126044300405
    Lot size
    7.21 Acres

    Taxes and HOA fees

    Tax Description
    ABST 443 TR 31A JOHNSON CO SCH LAND
    Tax Annual Amount
    6362

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1993

    We can help!

    Listing Contact
    Tara Roden
    Tara Roden

    Listing agent Tara Roden License #0516573

    Listing office Fathom Realty LLC Weatherford, TX

    Listing date Apr 23, 2026

    MLS# 20775507 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

    • 3‑2.5 home on 7 acres in Godley, just north of downtown
    • Built in 1993 with central electric heating and central air cooling
    • Septic tank sewer system
    • Includes a 3‑bay workshop plus additional storage buildings
    • Layout can support use as a home or an office setup, per listing remarks

    Overview

    This for-sale property features an updated 3-bedroom, 2.5-bath home set on acreage, offering flexibility for an owner-operator with both residential and work needs. In addition to the home, there is a 3-bay workshop along with additional storage buildings, providing on-site space for equipment, inventory, or personal storage. The combination of improvements and open land supports a wide range of uses, including options for running a business while maintaining a comfortable home base.

    The property is located just north of downtown Godley and not far from the Chisholm Trail Parkway, giving it convenient proximity to the area while still maintaining a rural, property-based setting. With room for animals and day-to-day land use, it can be a strong fit for buyers looking for a property that supports both lifestyle and operational goals.

    For buyers seeking a live-and-work setup, this site offers practical utility through its workshop and multiple storage structures. The updated home can serve as a residence or office, while the acreage and outbuildings help accommodate livestock and related day-to-day activities. It’s also an appealing investment prospect for those looking for a property with multiple income and use possibilities under one ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Godley
    County
    Johnson
    State
    Texas
    Longitude
    -97.528288
    Latitude
    32.47634

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    FAQs

    What type of property is this?
    Single family property - Updated residence plus a 3-bay workshop and storage buildings on acreage ideal for family, business, and livestock use.
    Where is this single family property located?
    The property is located at 12001 B Fm 2331 Godley, TX.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: 3‑2.5 home on 7 acres in Godley, just north of downtown; Built in 1993 with central electric heating and central air cooling; Septic tank sewer system
    (888) 455-6040
    We can help!
    Listing Contact
    Tara Roden
    Tara Roden
    Real Estate License ID: 0516573
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    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
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