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    Corner Homesite in Golf Resort Community Title is generated by Realmo AI

    863 Pitchpole Circle, Brownwood, TX 76801

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    LAND - Brownwood, TX

    Lot size:
    0.27 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    89
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 863 Pitchpole Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV
    Standard status
    Active
    APN
    000020043694
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Description
    KING'S POINT COVE UNIT 2, LOT 863, ACRES 0.27
    Tax Annual Amount
    533

    We can help!

    Listing Contact
    Doug Allen
    Doug Allen

    Listing agent Doug Allen License #0604657

    Listing office United Country - Heart of Texas RE Early, TX

    Listing date Mar 10, 2026

    MLS# 20381052 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

    • 0.27‑acre corner lot on Lot 863 Pitchpole Circle in Kings Point Cove at The Hideout Golf Resort near Lake Brownwood
    • Fairly level lot with utilities available: water, electric, and sewer
    • Corner‑lot position can offer additional planning flexibility for building layout and access
    • The Hideout Golf Club and Resort owner benefits include 4 free rounds of golf each month on the 18‑hole golf course
    • Resort amenities include 2 swimming pools, a hot tub, playgrounds, sand volleyball court, driving range, and putting green
    • RV‑related amenities include an RV park and 1 free week each year for guests; RV parking feature listed as RV

    Overview

    This for-sale homesite is an approximately 0.27-acre corner lot in Kings Point Cove at The Hideout Golf Resort near Lake Brownwood. The lot is fairly level and positioned for flexible home planning, with utilities available including water, electric, and sewer. As a corner property, it can also provide additional layout and access options during site planning.

    Located in a resort-style community in the Lake Brownwood area, Kings Point Cove offers a peaceful setting while still being a short drive to Brownwood for shopping, dining, and medical services. Ownership in The Hideout Golf Club and Resort includes benefits such as access to the resort lodge and restaurant, along with community amenities including two swimming pools, a hot tub, playgrounds, sand volleyball court, driving range, and putting green. The community also includes a fishing pond, cabins, and an RV park, and owners receive 4 free rounds of golf each month on the 18-hole Hideout Golf Course.

    For buyers looking to build, this lot provides a practical foundation in an amenity-rich community, with the option to purchase the adjoining Lot 864 for additional homesite flexibility. If you are planning a primary residence or a lake-area getaway home, the level grade, available utilities, and corner configuration can support a smoother start to your build timeline.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -99.0449103
    Latitude
    31.7925616

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    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready corner lot with utilities available and resort-style amenities near Lake Brownwood.
    Where is this residential land & home lot located?
    The property is located at 863 Pitchpole Circle Brownwood, 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: 0.27‑acre corner lot on Lot 863 Pitchpole Circle in Kings Point Cove at The Hideout Golf Resort near Lake Brownwood; Fairly level lot with utilities available: water, electric, and sewer; Corner‑lot position can offer additional planning flexibility for building layout and access
    (325) 643-1515
    We can help!
    Listing Contact
    Doug Allen
    Doug Allen
    Real Estate License ID: 0604657
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    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.

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