Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Private Ag-Exempt Acreage with Build Sites Title is generated by Realmo AI

    1500 Brown Road, Palo Pinto, TX 76484

    View on Map
    Claim this Listing
    New
    For Sale
    $460,000

    LAND - Palo Pinto, TX

    Lot size:
    18.74 Acres
    Added:
    May 28, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 1500 Brown Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Fencing
    Fenced
    Standard status
    Active
    APN
    566468
    Lot size
    18.74 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 0.677 AB 1839 TR 7-14 H H CLARK (SOUTH
    Tax Annual Amount
    5

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Joe Cloud

    Listing agent Joe Cloud License #0506019

    Listing office Joe Cloud & Associates Mckinney, TX

    Listing date May 28, 2026

    MLS# 21178138 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

    • 18+ acres with multiple build sites and paved road access
    • Utilities in place, including a modern well and a large electric panel installed less than a year ago
    • Professionally installed 12‑ft‑wide gravel driveway with drainage and culverts to manage water flow
    • Fully fenced and gated property, well hidden from the road
    • Ag‑exempt land with active bee hives
    • Less than 5 minutes to a local boat ramp; about 40 minutes to Weatherford

    Overview

    Set on nearly 19 acres, this ag-exempt property offers a blank slate with multiple build sites ready for future development. Utilities are already in place, including a modern well and a large electric panel installed within the last year, supporting additional improvements as plans take shape. The land is fully fenced and gated, and access is provided via a professionally installed 12-foot-wide gravel driveway with culverts and drainage designed to manage water flow.

    Privacy is a key feature, as the property is well hidden from the road, providing a secluded setting for everyday use or weekend getaways. Paved road access connects the acreage to the surrounding area, with nearby convenience for lake living being a stated benefit, including proximity to a local boat ramp. The property is also positioned for outdoor recreation, with access to the Palo Pinto Mountains State Park described at about 30 minutes away, and Weatherford about 40 minutes away.

    With its fenced and gated configuration, ready-to-build utilities, and wildlife habitat characteristics, the acreage can fit a range of buyers looking for a private homestead foundation or hunting-oriented land. The ag-exempt status and nature-friendly setting also support buyers who want to maintain a lifestyle that blends build-ready space with outdoor recreation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Travel Agency Plumbing Service Arcade & Gaming Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palo Pinto
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.288988
    Latitude
    32.657686

    Nearby Similar for Sale

    • $2,016,000

      Turn-Key Horse Ranch Land

      Turn-key 72-acre horse and hay operation with a 5,000 sf barn and included equipment for immediate productivity.
      Brown, Palo Pinto, TX 76484
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly 19 acres with utilities, fencing, gated access, and multiple build sites for a private homestead or recreational retreat.
    Where is this residential land & home lot located?
    The property is located at 1500 Brown Road Palo Pinto, TX.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: 18+ acres with multiple build sites and paved road access; Utilities in place, including a modern well and a large electric panel installed less than a year ago; Professionally installed 12‑ft‑wide gravel driveway with drainage and culverts to manage water flow
    (469) 424-0020
    We can help!
    Listing Contact
    Joe Cloud
    Real Estate License ID: 0506019
    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
    1500 Brown Road, Palo Pinto, TX 76484
    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!