Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3-Acre Lot in Brownwood, TX Title is generated by Realmo AI

    Morris Sheppard Drive lot 8, Brownwood, TX 76801

    View on Map
    Claim this Listing
    Picture of Land at Morris Sheppard Drive lot 8, Brownwood, TX
    For Sale
    $34,500

    LAND - Brownwood, TX

    Lot size:
    3.00 Acres
    Added:
    May 11, 2026
    Days on Market:
    27
    Last Refresh:
    Jun 6 at 7:06 pm

    Property Features for Morris Sheppard Drive lot 8

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000000027353
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Description
    WILLIS CREEK DEVELOPMENT NO. 1, LOT 4-8, 11,
    Tax Annual Amount
    118

    We can help!

    Listing Contact
    Christina Norman

    Listing agent Christina Norman

    Listing office UCRE - Tx Home and Ranches RE Weatherford, TX

    Listing date May 11, 2026

    MLS# 21266819 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

    • 3‑acre lot provides ample space for a home, shop, garden, and outdoor living area.
    • Opportunity to build a custom dream home.
    • Located in a quiet, country setting.
    • Part of a thoughtfully developed community.
    • Offers peace and privacy of rural living.
    • Option to combine with neighboring parcels for more space.

    Overview

    Lot 8 in Willis Creek Development offers an opportunity to build a home in a quiet, country setting. The 3-acre lot provides space for a home, shop, garden, or outdoor living area. It is part of a larger 35.99-acre offering and can be combined with neighboring parcels. The property is located in Brownwood, TX, with a postal code of 76801, and is situated in Brown County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -98.9772
    Latitude
    31.6763

    Nearby Similar for Sale

    • $590,000

      Highly Visible Office Building

      Long-term leased office building with private offices, collaborative space, and parking for about 30 vehicles.
      1423 Coggin Avenue, Brownwood, TX 76801
      View Details
    • $312,500

      Automotive Shop with Paint Booth

      Own a turnkey automotive-focused facility with a roll-up door, paint booth, and climate-controlled office and lobby space.
      1301 Burney Drive, Brownwood, TX 76801
      View Details
    • $3,500,000
      6,354 SF

      Iconic Restaurant Turnkey Opportunity

      Established restaurant with drive-thru, recipes, staff, and training included.
      4412 S Hwy 377, Brownwood, TX 76801
      View Details
    • $169,000

      Remodeled Drive-Through Retail Building

      Move-in ready building with a drive-through window and private office, suited for retail, food service, or professional use.
      2810 4th Street, Brownwood, TX 76801
      View Details
    • $159,000

      Retail Development Opportunity with Highway Frontage

      High-visibility retail/land parcel with highway frontage, ready for redevelopment with renovation work and removal of two back structures.
      709 W Commerce, Brownwood, TX 76801
      View Details
    • $695,000

      Historic Restaurant and Bar Building

      A fully renovated historic property with restaurant and bar improvements, commercial kitchen, and an outdoor patio with stage.
      102A Fisk Avenue, Brownwood, TX 76801
      View Details
    • $265,000

      Restored Retail Storefront with Vault

      Meticulously restored storefront with a working walk-in vault, original hardwood and glass front, plus brand-new HVAC, plumbing, and electrical.
      301 Brown St., Brownwood, TX 76801
      View Details
    • $1,900,000

      Turn-Key Liquor Store with Drive-Thru

      Established, fully equipped liquor retail operation with a drive-thru window, insulated metal building, and included inventory.
      1001 Vine Street, Brownwood, TX 76801
      View Details
    • $165,000

      Flex Industrial Property with Ample Parking

      All-electric 24' x 64' flex building on a parking-friendly lot, currently income-producing with an annual tenant lease.
      2218 Brown Street, Brownwood, TX 76801
      View Details
    • $717,900

      Lakefront Land with Two-Level Dock

      Lakefront lot in a gated community, featuring an existing patio and two-level dock with slips and jet ski lift.
      977 Deepwater Road, Brownwood, TX 76801
      View Details
    • $920,675

      Commercial Development Land

      Large C2-zoned acreage positioned near major retailers and new development for flexible future projects.
      Market Place Blvd, Brownwood, TX 76801
      View Details
    • $724,900

      Lakefront Land with Private Dock

      Build-ready waterfront lot in a gated subdivision, featuring a dock with hydro-lift slip and jet ski slips.
      975 Deepwater Road, Brownwood, TX 76801
      View Details

    FAQs

    What type of property is this?
    Land - 3-acre lot in a quiet, country setting.
    Where is this land located?
    The property is located at Morris Sheppard Drive lot 8 Brownwood, TX.
    What is the asking price?
    The asking price for this property is $34,500.
    What are key features of this property?
    This property features: 3‑acre lot provides ample space for a home, shop, garden, and outdoor living area.; Opportunity to build a custom dream home.; Located in a quiet, country setting.
    (682) 294-1077
    We can help!
    Listing Contact
    Christina Norman
    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
    Morris Sheppard Drive lot: 8, Brownwood, TX 76801
    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!