Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near the Lake Title is generated by Realmo AI

    215 Buzbee Road, Palo Pinto, TX 76484

    View on Map
    Claim this Listing
    For Sale
    $265,000

    LAND - Palo Pinto, TX

    Lot size:
    4.31 Acres
    Added:
    May 2, 2026
    Days on Market:
    33
    Last Refresh:
    Jun 3 at 3:06 am

    Property Features for 215 Buzbee Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    17418
    Lot size
    4.31 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 4.310 HAY #2 PP LAKE TR A-5A-6 A-7 A-8
    Tax Annual Amount
    2205

    Utilities

    Sewer type
    Private Sewer

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Stacy Green

    Listing agent Stacy Green License #0637806

    Listing office Origin Real Estate Weatherford, TX

    Listing date May 2, 2026

    MLS# 20932166 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

    • 4 Acres of Land offer ample space and possibilities.
    • Close Proximity to Lake provides recreational opportunities.
    • Serene and Private Setting for peaceful living.
    • Mature Trees enhance the beauty and privacy of the property.
    • 1,000 SF Outbuilding with Electric, perfect for storage or workshop.
    • Mobile Home On Property.

    Overview

    This property, located near the lake, offers a private retreat with mature trees. Situated on 4.31 acres, the land provides space for outdoor activities and relaxation. A mobile home and a 1,000 square foot outbuilding with electricity are present on the property, but the primary value is attributed to the land itself. It is located in Palo Pinto, Texas.
    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 (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
    -98.29302
    Latitude
    32.654045

    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
    • $275,000

      Waterfront Land with River Overlooks

      Scenic Brazos River tract with pasture, mature oaks, and private-style access, supported by existing road access and utilities.
      River Canyon Rd lot: 136, Palo Pinto, TX 76484
      View Details
    • $225,000

      Unrestricted Land Near Palo Pinto

      10 acres of unrestricted land with water well near lake.
      Dunn Drive lot: 3 & 4, Palo Pinto, TX 76484
      View Details
    • $325,000

      Recreational Land with Private Pond

      Gated rural acreage with mature trees, private fishing pond, and exclusive community river access for outdoor living.
      220 & 230 New Hope Lane, Palo Pinto, TX 76484
      View Details
    • $285,528

      Wooded Hunting and Recreation Land

      14.3+ acres near Lake Palo Pinto with established wildlife habitat and utilities already in place.
      975 N Lakeview Dr, Palo Pinto, TX 76484
      View Details
    • $165,000

      Gated Waterfront Ranch Acreage

      Scenic ranch acreage with cleared build site and direct access to a shared lake for private recreational enjoyment.
      Lot 29 New Hope Road, Palo Pinto, TX 76484
      View Details
    • $850,000

      Palo Pinto Creek Ranch

      Ag-exempt property with creek frontage, pasture, and recreational opportunities.
      200 Patterson Lane, Palo Pinto, TX 76484
      View Details

    FAQs

    What type of property is this?
    Land - Four acre property with mature trees near the lake.
    Where is this land located?
    The property is located at 215 Buzbee Road Palo Pinto, TX.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: 4 Acres of Land offer ample space and possibilities.; Close Proximity to Lake provides recreational opportunities.; Serene and Private Setting for peaceful living.
    (817) 819-2559
    We can help!
    Listing Contact
    Stacy Green
    Real Estate License ID: 0637806
    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
    215 Buzbee 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!