Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail-Zoned Land with Highway Frontage Title is generated by Realmo AI

    Old Lamesa Road, Brownfield, TX 79316

    View on Map
    Claim this Listing
    For Sale
    $98,000

    LAND - Brownfield, TX

    Lot size:
    5.00 Acres
    Added:
    Jan 29, 2026
    Days on Market:
    126
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for Old Lamesa Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R13202
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Description
    BLK T SEC 102 5 ACRES BLK/TRACT T 5 ACRES
    Tax Annual Amount
    350

    We can help!

    Listing Contact
    John Hill

    Listing agent John Hill License #0627718

    Listing office Barnett & Hill Abilene, TX

    Listing date Jan 29, 2026

    MLS# 20692772 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‑acre retail‑zoned site about SE of downtown Brownfield
    • 560' of frontage on Old Lamesa Hwy, transitioning to CR 505
    • City park is to the north
    • 16,000+ cars per day pass the retail‑zoned site

    Overview

    This offering is a 5-acre commercial land parcel identified as brownfield. The property is positioned for development on retail-zoned land, with the site’s practical value centered on its road frontage and visibility along Old Lamesa Hwy. The existing conditions are noted as brownfield, which may be relevant for budgeting and planning for any planned redevelopment.

    The site is located approximately five acres southeast of downtown Brownfield. To the north, a city park borders the area, while the southern boundary includes 560 feet of frontage on Old Lamesa Hwy that transitions to CR 505. The traffic on Old Lamesa Hwy is a key consideration, with 16,000+ vehicles per day passing the site.

    For investors and developers seeking retail-related opportunities with established highway exposure, this parcel provides a straightforward land base within a retail zoning context. The brownfield designation should be reviewed early to align timelines and development plans. Overall, it’s a practical option for parties interested in acquiring a visible, road-fronting tract in Brownfield for future commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Brownfield
    County
    Terry
    State
    Texas
    Longitude
    -102.257039
    Latitude
    33.15045

    Nearby Similar for Sale

    • $495,000
      3,200 SF

      Brownfield Commercial Property For Sale

      High-visibility commercial property with ample storage and secure outdoor space.
      1106 Seagraves Road, Brownfield, TX 79316
      View Details
    • $125,000
      5,258 SF

      Brownfield Commercial Building with Basement

      Corner commercial building with offices, basement, and ample storage.
      402 W Main Street, Brownfield, TX 79316
      View Details
    • $150,000
      3,660 SF

      Brownfield Shop Building on Acreage

      Spacious shop building on over one acre of land.
      1638 Old Seagraves Road, Brownfield, TX 79316
      View Details
    • $250,000
      5,000 SF

      Downtown Brownfield Event Center

      Charming event center with apartment near Brownfield Square.
      205 S 6th Street, Brownfield, TX 79316
      View Details
    • $179,500
      1,500 SF

      Commercial Property on Highway 385

      2.5 acres with shop and expansion potential near Wellman.
      2540 US-385, Brownfield, TX 79316
      View Details
    • $480,000
      2,805 SF

      Renovated Industrial Building in Brownfield

      Well-maintained industrial facility renovated in 2014, ideal for various operations.
      802 Seagraves Road, Brownfield, TX 79316
      View Details
    • $390,000

      Brownfield RV Park Investment Opportunity

      RV park with 13 spots and 1 mobile home.
      2147 County Road 600, Brownfield, TX 79316
      View Details
    • $960,000

      Productive Farmland in Terry County

      Two well-maintained 160-acre tracts of farmland for sale.
      County Rd 670, Brownfield, TX 79316
      View Details
    • $1,950,000

      637 Acres Ranch in Brownfield, TX

      637 acres of ranch land for sale in Terry County.
      County Road 305, Brownfield, TX 79316
      View Details
    • $1,976,000

      Irrigated Farmland in Terry County

      599-acre farm with irrigation system and CRP acreage.
      SE TBD County Rd 555, Brownfield, TX 79316
      View Details
    • $25,000

      Residential Lot in Brownfield, TX

      Residential land for sale in a Brownfield subdivision.
      1301 Cheryl Dr., Brownfield, TX 79316
      View Details
    • $30,000
      7,000 SF

      Brownfield Commercial Property For Sale

      7,000 square foot commercial property in Brownfield, Texas.
      611 W Broadway Street, Brownfield, TX 79316
      View Details

    FAQs

    What type of property is this?
    Commercial land - Retail-zoned, brownfield site with strong access and extensive Old Lamesa Hwy frontage for future commercial development.
    Where is this commercial land located?
    The property is located at Old Lamesa Road Brownfield, TX.
    What is the asking price?
    The asking price for this property is $98,000.
    What are key features of this property?
    This property features: 5‑acre retail‑zoned site about SE of downtown Brownfield; 560' of frontage on Old Lamesa Hwy, transitioning to CR 505; City park is to the north
    (325) 677-3500
    We can help!
    Listing Contact
    John Hill
    Real Estate License ID: 0627718
    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
    Old Lamesa Road, Brownfield, TX 79316
    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!