Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Brady, TX Vacant Lot Title is generated by Realmo AI

    1308 S Melville lot 5/8, Brady, TX 76825

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Brady, TX

    Lot size:
    0.16 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    37
    Last Refresh:
    May 23 at 3:06 pm

    Property Features for 1308 S Melville lot 5/8

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    59

    We can help!

    Listing Contact
    Silvia Diaz

    Listing agent Silvia Diaz

    Listing office James Long Real Estate, Inc. 1301 S Bridge St., Brady, TX

    Listing date Apr 17, 2026

    MLS# 104296 Listing URL

    Copyright © 2026 Central Hill Country Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Zoned Manufactured Home (MH) offering flexible housing options.
    • In‑town location within Brady city limits providing convenient access to municipal services.
    • City water, city sewer, and electricity available at the street for easy connection.
    • Level lot with minimal tree coverage simplifies construction.
    • Recent rezoning from Single Family to MH increases placement options and investment potential.
    • Located near Brady's main corridor, providing practical access to local amenities and community services.

    Overview

    This 7,013 sq ft vacant lot is located in Brady, Texas. It is zoned for Manufactured Homes (MH), offering a flexible location for a new manufactured, modular, or prefab home. The property is level with minimal tree coverage and is situated within the Brady city limits. City water, city sewer, and electricity are available at the street for future connection. The lot is currently unimproved. The recent rezoning from Single Family to MH provides added placement options for buyers seeking a homesite or investors considering a rental property. Located near Brady's main corridor, this parcel offers access to local amenities and community services. The lot size is 0.161 acres. Buyers should verify utility tap fees, placement requirements, and all building guidelines with the City of Brady.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Brady
    County
    McCulloch
    State
    Texas
    Longitude
    -99.3372
    Latitude
    31.063

    Nearby Similar for Sale

    • $499,000
      7,080 SF

      Historic Buildings on Brady Square

      Restored commercial buildings in the heart of Brady, Texas.
      107,109,115 W Commerce Street, Brady, TX 76825
      View Details
    • $259,900
      2,108 SF

      Restaurant Opportunity in Brady, Texas

      Turn-key restaurant opportunity on a high-visibility location.
      2105 S Bridge Street, Brady, TX 76825
      View Details
    • $285,000
      3,680 SF

      Commercial Property on South Bridge

      Versatile commercial property on 0.735 acres in Brady, Texas.
      2001 S Bridge St, Brady, TX 76825
      View Details
    • $180,000

      Brady Square Automotive Shop/Showroom

      7000 SF showroom/shop on Brady Square, selling as is.
      213 N Blackburn Street, Brady, TX 76825
      View Details
    • $125,000

      Brady, TX Investment Opportunity

      Commercial property leased to the State with stable income.
      405 S Bridge Street, Brady, TX 76825
      View Details
    • $125,000

      Updated Commercial Building in Brady

      Charming commercial building in a prime, high visibility location.
      1404 S Bridge Street, Brady, TX 76825
      View Details
    • $225,000

      Brady, TX Office Building

      Commercial building with multiple rooms and bathrooms, investment opportunity.
      104 E 5th Street, Brady, TX 76825
      View Details
    • $375,000

      Historic Building with Restaurant Potential

      Early 1900s building with restaurant and office/living space potential.
      101 E Main Street, Brady, TX 76825
      View Details
    • $599,000

      Prime Hunting Property Near Brady

      111 acres of hunting land with improvements, near Brady, TX.
      000 County Road 152, Brady, TX 76825
      View Details
    • $1,558,200

      196-Acre Ranch Near Brady, TX

      Remodeled ranch with highway frontage, suitable for diverse activities.
      3873 N US Highway 87, Brady, TX 76825
      View Details
    • $200,000

      Unimproved Land in Brady, TX

      2.78 acres of multi-zoned land for sale.
      1304 S high Street, Brady, TX 76825
      View Details
    • $475,520

      99.17 Acres Vacant Land, Brady

      99.17 acres of versatile land near Brady, Texas.
      000 Hwy 87, Brady, TX 76825
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 7,013 sq ft lot zoned for manufactured homes.
    Where is this residential land & home lot located?
    The property is located at 1308 S Melville lot 5/8 Brady, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Zoned Manufactured Home (MH) offering flexible housing options.; In‑town location within Brady city limits providing convenient access to municipal services.; City water, city sewer, and electricity available at the street for easy connection.
    (325) 642-6124
    We can help!
    Listing Contact
    Silvia Diaz
    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
    1308 S Melville lot: 5/8, Brady, TX 76825
    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!