Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Lot 87 Mason Court Dublin, TX 76446

    View on Map
    Claim this Listing
    New
    For Sale
    $93,000

    Unimproved Land - Dublin, TX

    Type:Unimproved Land
    Lot size:
    5.61 Acres
    Added:
    May 6, 2026
    Days on Market:
    2
    Last Refresh:
    May 7 at 4:06 pm

    Property Features for Lot 87 Mason Court

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000000080027
    Lot size
    5.61 Acres

    Taxes and HOA fees

    Expense value
    300
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Arin Knight

    Listing agent Arin Knight License #0850660

    Listing office South Gate Realty, LLC 1189 West South Loop, Stephenville, TX

    Listing date May 6, 2026

    MLS# 21260877 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

    • 5.614 acre lot suitable for hobby farming, horses, or a homestead.
    • Ideal for agriculture with open pasture and mature trees.
    • Multiple build sites available on the property.
    • Seasonal creek runs through the property.
    • Manageable size allows for grazing, gardening, and future improvements.
    • Conveniently located: 7 minute drive to Dublin, 7.7 miles to Proctor Lake, and 20 miles to Stephenville.

    Overview

    Dublin Vacant Land For Sale

    This 5.614 acre lot of vacant land offers opportunities for agriculture use with open pasture and mature trees. The property is ideal for hobby farming, horses or a homestead due to its manageable size. The terrain allows for grazing, gardening or future improvements such as barns, fences or a residence. There are multiple build sites, along with a seasonal creek that runs through the property. This property presents a valuable opportunity with long term potential for those looking to invest in land, start a small agriculture venture, or enjoy a private retreat. It is located a 7.7 mile drive to Proctor Lake, a 7 minute drive to Dublin and 20 miles to Stephenville.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Dublin
    County
    Erath
    State
    Texas
    Longitude
    -98.365
    Latitude
    32.1054

    Nearby Similar for Sale

    • $525,000

      Refurbished Multi-Use Commercial Property

      9,276 sqft multi-use property on nearly one acre.
      202 E Clinton Street, Dublin, TX 76446
      View Details
    • $325,000

      Newer Retail Building in Dublin

      Built in 2020, prime location near Corner Lot Park.
      120 E Blackjack Street, Dublin, TX 76446
      View Details
    • $199,000
      2,550 SF

      Restored Commercial Building in Dublin

      Restored commercial building suitable for retail or restaurant use.
      641 S Patrick Street, Dublin, TX 76446
      View Details
    • $550,000

      Prime Commercial Land on Highway

      3.68 acres with highway frontage, ideal for business ventures.
      12645 S US Highway 377, Dublin, TX 76446
      View Details
    • $549,500
      1,040 SF

      Scenic Farmhouse Near Tarleton State

      10-acre property ideal for Tarleton State University students.
      8830 County Road 370, Dublin, TX 76446
      View Details
    • $599,999
      1,947 SF

      Small Acreage Horse Property

      Horse property near Stephenville with comfortable home and horse facilities.
      1644 County Road 195, Dublin, TX 76446
      View Details
    • $650,000
      22,486 SF

      Renovated Storage Facility on Two Acres

      Recently renovated 82+ unit storage facility on over 2 acres.
      715 Sheehan, Dublin, TX 76446
      View Details
    • $529,000
      3,198 SF

      Remodeled Multifamily Property on Acre Lot

      Remodeled 6-unit multifamily property on a full acre lot.
      13675 S US Highway 377, Dublin, TX 76446
      View Details
    • $650,000
      2,767 SF

      Custom Home on 13 Acres

      Custom-built home with workshop on 13 acres in Dublin, TX.
      615 CR 358, Dublin, TX 76446
      View Details
    • $525,000
      1,752 SF

      Dublin Ranch with Pool and Views

      24-acre ranch with custom home, pool, and AG exemption.
      1208 Private Road 1399, Dublin, TX 76446
      View Details
    • $325,000

      Corner Lot on High-Traffic Road

      One-acre corner lot with high visibility, ideal for business.
      12519 US Highway 377, Dublin, TX 76446
      View Details
    • $1,495,000
      2,828 SF

      Turn-Key Ranch with Custom Home

      42+ acre ranch featuring custom home and multiple amenities.
      2548 Fm 1496, Dublin, TX 76446
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5.614 acre lot ideal for agriculture or homestead.
    Where is this agricultural land / farmland located?
    The property is located at Lot 87 Mason Court Dublin, TX.
    What is the asking price?
    The asking price for this property is $93,000.
    What are key features of this property?
    This property features: 5.614 acre lot suitable for hobby farming, horses, or a homestead.; Ideal for agriculture with open pasture and mature trees.; Multiple build sites available on the property.
    (254) 459-0519
    We can help!
    Listing Contact
    Arin Knight
    Real Estate License ID: 0850660
    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
    Lot 87 Mason Court, Dublin, TX 76446
    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!