Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unrestricted Waterfront Land Lot Title is generated by Realmo AI

    13301 Mitchell Bend Lot 7 Court, Granbury, TX 76048

    View on Map
    Claim this Listing
    For Sale
    $291,600

    LAND - Granbury, TX

    Lot size:
    7.18 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    120
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 13301 Mitchell Bend Lot 7 Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    01746
    Lot size
    7.18 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 98.767 TRACT: 2 ABST: A36-MB MITCHELL
    Tax Annual Amount
    7809

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Harrison Sharp

    Listing agent Harrison Sharp License #0735232

    Listing office BK Real Estate North Richland Hills, TX

    Listing date Feb 4, 2026

    MLS# 20859176 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

    • Lot 7 offers 7.1+ acres in the Brazos River Ranch subdivision in Granbury
    • Subdivision consists of 16 total lots across almost 100 acres; 4 lots already presold
    • Water service available by well and electricity available at the road on each parcel
    • Most parcels have exclusive access and back up to the Brazos River
    • These lots are completely unrestricted
    • Seller financing available (see MLS Transaction Desk for terms)

    Overview

    This listing offers an unrestricted waterfront land lot in the Brazos River Ranch subdivision, identified as Lot 7. The parcel spans a little over 7 acres and is described as backing up to the Brazos River, with exclusive access noted for many parcels within the community. Utilities include water available by well and electricity available at the road for the lot. A survey is also available.

    Brazos River Ranch is located in Granbury, Texas, within Somervell County. The seller notes that the subdivision is comprised of 16 total lots and that 4 have already been presold. For buyers looking for a retreat as well as a build-ready opportunity, the property is marketed as about an hour and a half from Dallas and about an hour from South Fort Worth.

    Because the lot is completely unrestricted and supports both residential building and investment use, it may appeal to buyers planning a retirement or dream home, or those seeking a flexible acquisition in a river-backed community. Seller financing is also available, and interested buyers can coordinate specifics through the MLS transaction desk.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.782
    Latitude
    32.4158

    Nearby Similar for Sale

    • $1,750,000
      7,400 SF

      Warehouse-Shop with Office Living Quarters

      Prominent US-377 visibility and direct commercial access paired with conditioned office and upstairs living support operational flexibility.
      2550 W US Highway 377, Granbury, TX 76048
      View Details
    • $525,000
      6,000 SF

      Industrial Warehouse with Attached Shop

      Versatile main building with attached shop offers flexible space and recent upgrades for light industrial or mixed use.
      311 Eastridge Road, Granbury, TX 76049
      View Details
    • $1,800,000

      Vacant Retail Building with Restaurant Equipment

      Vacant, two-unit retail/restaurant space just off Highway 377 with convertible layout and equipment included for food-service use.
      1333 N Plaza Drive, Granbury, TX 76048
      View Details
    • $1,675,000

      Established Medical Building

      Well-maintained medical property with substantial parking and an in-place NNN lease through 2029.
      1318 Paluxy Road, Granbury, TX 76048
      View Details
    • $275,000
      1,494 SF

      Renovated Corner Lot Office Building

      Renovated office building with a covered entry, multiple private offices, break area, and full restroom on a corner lot.
      1031 W Pearl Street, Granbury, TX 76048
      View Details
    • $3,100,000
      33,750 SF

      Manufacturing Facility with Covered Pavilion

      Versatile manufacturing site with office space, loading area, and 3-phase power plus expansion yard.
      5650 Matlock Road, Granbury, TX 76049
      View Details
    • $550,000

      Office/Warehouse Flex Building

      Two-story office setup with warehouse space and existing month-to-month leases offers owner-user and investment upside.
      3230 Fall Creek Highway, Granbury, TX 76049
      View Details
    • $569,000

      Flexible Office and Studio Building

      Highly visible commercial building with open room, private offices, conference room, and drive-through access for versatile operations.
      1806 W Pearl Street, Granbury, TX 76048
      View Details
    • $1,871,993

      High-Visibility Commercial Land Parcel

      Large, level tract with substantial highway exposure, positioned for a wide range of commercial developments.
      4720 E US Highway 377, Granbury, TX 76049
      View Details
    • $1,999,500

      Auto Dealership with High Visibility

      Corner commercial site outside city limits with road frontage, strong visibility, and utilities via well and septic.
      2675 W Highway 377, Granbury, TX 76048
      View Details
    • $799,997

      Historic Bed-and-Breakfast Cottages

      Turnkey, fully furnished historic B&B with themed cottages, a saloon game room, and amenities suited for short-term stays.
      512 N Travis Street, Granbury, TX 76048
      View Details
    • $2,205,000
      10,332 SF

      New Duplex Investment Package

      Three newly built duplexes offer modern, low-maintenance rental layouts with private attached garages and covered patios.
      718 Rolling Terrace Circle, Granbury, TX 76049
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - A waterfront lot with river-backed privacy and utilities available, offering flexibility for a primary residence or investment.
    Where is this residential land & home lot located?
    The property is located at 13301 Mitchell Bend Lot 7 Court Granbury, TX.
    What is the asking price?
    The asking price for this property is $291,600.
    What are key features of this property?
    This property features: Lot 7 offers 7.1+ acres in the Brazos River Ranch subdivision in Granbury; Subdivision consists of 16 total lots across almost 100 acres; 4 lots already presold; Water service available by well and electricity available at the road on each parcel
    (806) 281-8511
    We can help!
    Listing Contact
    Harrison Sharp
    Real Estate License ID: 0735232
    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

    Thank You for Inquiry
    13301 Mitchell Bend (Lot 7) Court, Granbury, TX 76048
    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!