Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Riverfront Event & Campground Property Title is generated by Realmo AI

    441 County Road 433, Mullin, TX 76864

    View on Map
    Claim this Listing
    For Sale
    $345,000

    COMMERCIAL - Mullin, TX

    Lot size:
    4.49 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    90
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 441 County Road 433

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage, RV, Paved or Surfaced
    Fireplace
    1
    Standard status
    Active
    APN
    R000003925
    Lot size
    4.49 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 4.487 BARN TRACT 1;2;3;4 & 5 JESSE HANNA
    Tax Annual Amount
    3460

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Wood, Space Heater, Wood Stove, Fireplace(s)
    Cooling system
    Ceiling Fan(s)
    Water front features
    River Front, Waterfront
    Water front
    1

    Building Details

    Year built
    2001
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Glenda Clausen

    Listing agent Glenda Clausen License #0729133

    Listing office Cross H Realty Goldthwaite, TX

    Listing date Mar 6, 2026

    MLS# 21199049

    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

    • Nearly 5‑acre property at Regency Bridge Park in Mullin with 500 feet of riverfront access on the Colorado River
    • Steps from the historic Regency Suspension Bridge, with riverfront features for outdoor recreation
    • On‑site event hall with kitchen and restroom facilities for gatherings and events
    • Includes a cabin, vintage camper, and multiple RV sites with full hookups, plus tent camping areas
    • Fireplace(s) plus heating that includes wood stove/wood and space heater sources; cooling via ceiling fan(s)
    • Metal roof, metal siding exterior, concrete flooring; parking includes garage and RV parking with paved/surfaced access

    Overview

    Set along the Colorado River in the Texas Hill Country, this property at Regency Bridge Park combines income-producing camping with an event-ready gathering space. The grounds provide nearly 5 acres and approximately 500 feet of riverfront access, with a spacious event hall that includes a kitchen and restroom. Overnight options are diversified, featuring a cozy cabin, a vintage camper, multiple RV sites with full hookups, and tent camping areas for guests who want the natural setting without sacrificing convenience.

    The park’s setting places it along the scenic river and just steps from the historic Regency Suspension Bridge, creating a distinctive sense of place for visitors. On-site experiences naturally align with the outdoors, with opportunities for kayaking, tubing, and fishing, as well as relaxed time along the riverbanks.

    For buyers looking for a versatile hospitality concept, the combination of event space and multiple lodging styles supports uses such as weddings, reunions, retreats, and other group getaways. It also fits operators interested in a boutique riverfront destination that can appeal to both RV travelers and tent campers, while highlighting the area’s Hill Country setting and river lifestyle.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Mullin
    County
    Mills
    State
    Texas
    Longitude
    -98.860664
    Latitude
    31.465282

    Nearby Similar for Sale

    • $345,000

      Riverfront Event & Camp Land

      A Hill Country riverfront parcel with event space and diversified camping options for lodging and gatherings.
      441 CR 433, Mullin, TX 76864
      View Details

    FAQs

    What type of property is this?
    Campground - Hill Country riverfront property with an event hall, cabin and RV sites, offering flexible lodging and gathering uses.
    Where is this campground located?
    The property is located at 441 County Road 433 Mullin, TX.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: Nearly 5‑acre property at Regency Bridge Park in Mullin with 500 feet of riverfront access on the Colorado River; Steps from the historic Regency Suspension Bridge, with riverfront features for outdoor recreation; On‑site event hall with kitchen and restroom facilities for gatherings and events
    (325) 277-4923
    We can help!
    Listing Contact
    Glenda Clausen
    Real Estate License ID: 0729133
    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
    441 County Road 433, Mullin, TX 76864
    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!