Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land Double Lot Title is generated by Realmo AI

    Don Mitchell Lane lot 59-78, Fritch, TX 79036

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Fritch, TX

    Lot size:
    0.20 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for Don Mitchell Lane lot 59-78

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16357
    Lot size
    0.20 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Xing Gao

    Listing agent Xing Gao License #0822975

    Listing office Central Metro Realty Austin, TX

    Listing date Mar 3, 2026

    MLS# 21076951 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

    • 0.20‑acre double lot in Double Diamond Estates with 120 ft of road frontage
    • Public water available
    • Electricity available
    • Elevated lot near the community clubhouse, pool, tennis courts, and basketball court

    Overview

    This offering is a 0.20-acre double lot in Double Diamond Estates, providing 120 feet of road frontage and the space to plan your next home on a blank, elevated site. City water and electricity are already available, helping streamline early development planning.

    The property’s elevated location places it near the community clubhouse and recreational facilities, including a pool, tennis courts, and a basketball court. It also offers convenient access to schools and shopping in the nearby Amarillo area, with the Texas Panhandle’s open-air setting as a backdrop.

    For buyers looking for flexible residential options, the site supports a range of plans, including a manufactured home or a custom-built residence. The layout also suits owners who want room to enjoy a motorhome lifestyle as part-time or full-time living. With utilities in place and community amenities nearby, this double lot is a practical foundation for constructing a primary residence or second-home retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fritch
    County
    Hutchinson
    State
    Texas
    Longitude
    -101.626165
    Latitude
    35.6335719

    Nearby Similar for Sale

    • $12,500

      Highway Frontage Land in Fritch

      Commercial land on a busy highway with development potential.
      501 E Broadway Street, Fritch, TX 79036
      View Details
    • $38,000

      Scenic Lakefront Acres in Fritch

      Six acres with lake views, ideal for recreation.
      Meredith Way, Fritch, TX 79036
      View Details
    • $34,000

      Residential Land with Lake Views

      Four lots with lake views, utilities available, ready to build.
      Elizabeth Street, Fritch, TX 79036
      View Details
    • $24,000

      Land with Lake Views

      Two adjoining lots with lake views in both directions.
      Alibates Trail, Fritch, TX 79036
      View Details
    • $11,000

      Residential Lots in Fritch, TX

      Unimproved residential lots inside city limits, bordering open ranch land.
      S Robey Avenue, Fritch, TX 79036
      View Details
    • $5,000

      Residential Lot Near Lake Meredith

      Residential lot in Double Diamond Estates near Lake Meredith.
      Harris Lane, Fritch, TX 79036
      View Details
    • $10,000

      Land Near Lake Meredith

      Land available to build your dream home near Lake Meredith.
      Lakeview Drive, Fritch, TX 79036
      View Details
    • $9,500

      Double Lot Residential Home Site

      Build-ready double lot with 120 feet of frontage in a planned community near recreational amenities.
      Debra Lane lot: 41-42, Fritch, TX 79036
      View Details
    • $12,500

      Land in Fritch, Texas

      Two lots available within Lake Harbor property owners Association.
      Fritch Drive lot: 8 & 9, Fritch, TX 79036
      View Details
    • $14,000

      Residential Vacant Lot Opportunity

      0.94 acre residential lot in Sanford Estates subdivision.
      0.94 ACRES Griffin Ln lot: 187, , TX 79036
      View Details
    • $10,001

      Land For Sale in Fritch

      Unimproved land available in Fritch, Texas.
      5 Jason Drive, Fritch, TX 79036
      View Details
    • $399,000
      8,912 SF

      20-Unit Motel with Expansion Land

      Hospitality investment opportunity with expansion potential in Fritch, TX.
      205 E Broadway St, Fritch, TX 79036
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready double lot with utilities available and substantial road frontage in a community with recreational amenities.
    Where is this residential land & home lot located?
    The property is located at Don Mitchell Lane lot 59-78 Fritch, 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: 0.20‑acre double lot in Double Diamond Estates with 120 ft of road frontage; Public water available; Electricity available
    (512) 454-6873
    We can help!
    Listing Contact
    Xing Gao
    Real Estate License ID: 0822975
    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
    Don Mitchell Lane lot: 59-78, Fritch, TX 79036
    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!