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    5266 Highway 67 Rainbow, TX 76077

    For Sale
    $5,495,400

    128 Acres, Brazos Riverfront, Hwy 67 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Exceptional 127.74-acre commercial land opportunity in Rainbow, Texas, boasting over 1,000 feet of Highway 67 frontage and a half-mile of Brazos River frontage. This prime location offers unmatched visibility and accessibility, situated just outside Glen Rose, a thriving tourist destination known as the "Dinosaur Capital of Texas," and within an hour of both Fort Worth and Dallas. The property benefits from the significant tourist traffic generated by Glen Rose (over 400,000 annual visitors) and nearby Granbury, "America's Best Historic Small Town," with its numerous year-round events. The absence of zoning or restrictions allows for a wide range of development possibilities. Preliminary engineering for an RV-tiny home resort is available, presenting a compelling option for investors. However, the property's versatility extends beyond this, making it ideal for those seeking a scenic and expansive riverfront property for personal use or alternative commercial ventures. This unique parcel presents an exceptional investment opportunity with immense potential for residential, recreational, or commercial development. The asking price is $5,495,400. The property is located at 5266, 1152 E Hwy 67 Unit A, Rainbow, Somervell County, Texas, 76077.

    Property Features for 5266 Highway 67

    General Information

    Property type
    Land
    Lot Size
    5,564,354 SF

    HighLights

    • $5,495,400 asking price.
    • 127.74 acres of commercial land.
    • Located in Rainbow, Texas, in Somervell County, zip code 76077.
    • Prime riverfront property with Hwy 67 and county road frontage.
    • No zoning restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop Auto Parts Store Storage Facility Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rainbow
    County
    Somervell
    State
    Texas
    Longitude
    -97.67899123
    Latitude
    32.2694956

    Nearby Comparable

    • $1,876,745

      Riverfront Ranch Near Glen Rose

      Unique riverfront property with development potential near Glen Rose.
      1152 County Road 317, Rainbow, TX 76077
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    • $2,000,000
      54.00 Acres

      Unrestricted Land in Growing Area

      54 acres of unrestricted, ag-exempt land with development potential.
      Tbd Crk 303, Glen Rose, TX 76077
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    • $11,542,657
      33.12 Acres

      Rainbow, TX Commercial Land Opportunity

      33+ acres of commercial land with high visibility and frontage.
      67 Tbd Hwy E, Rainbow, TX 76077
      View Details
    • $4,953,000
      127.74 Acres

      Prime Riverfront Development Land

      128 Acres, Brazos Riverfront, Hwy 67 Frontage
      5266 1152 E 67 Hwy, Rainbow, TX 76077
      View Details
    • $175,000
      0.90 Acres

      Commercial Corner Lot in Glen Rose

      0.9 acre commercial lot with high visibility and accessibility.
      3486 Us-67, Glen Rose, TX 76077
      View Details
    • Contact for pricing

      Loveland Industrial Flex Space

      15,000 SF Flex Space, 3 Acres
      0 Highway 67, Glen Rose, TX 76043
      View Details

    Nearby Similar for Sale

    • $4,953,000
      127.74 Acres

      Prime Riverfront Development Land

      128 Acres, Brazos Riverfront, Hwy 67 Frontage
      5266 1152 E 67 Hwy, Rainbow, TX 76077
      View Details

    FAQs

    What type of property is this?
    Land - 128 Acres, Brazos Riverfront, Hwy 67 Frontage
    Where is this land located?
    The property is located at 5266 Highway 67 Rainbow, TX.
    What is the asking price?
    The asking price for this property is $5,495,400.
    What are key features of this property?
    This property features: $5,495,400 asking price.; 127.74 acres of commercial land.; Located in Rainbow, Texas, in Somervell County, zip code 76077.
    (817) 670-8377
    Request Owner's contact information
    5266 Highway 67 Rainbow, TX 76077
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    Rainbow, TX 76077
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    Realmo Value Estimation

    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.

    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.

    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
    5266 Highway 67 Rainbow, TX 76077
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