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    Hunting Land Tract with Paved Access Title is generated by Realmo AI

    Tract 2 2050 W 17th Street, Brady, TX 76825

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    Claim this Listing
    For Sale
    $1,927,500

    LAND - Brady, TX

    Lot size:
    257.00 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    124
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for Tract 2 2050 W 17th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    28762
    Lot size
    257.00 Acres

    Taxes and HOA fees

    Tax Description
    1355 321THEILE H
    Tax Annual Amount
    119

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    John Melnar
    John Melnar

    Listing agent John Melnar License #0655090

    Listing office Grand Land Company Round Rock, TX

    Listing date Jan 30, 2026

    MLS# 21165557 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

    • Approx. 257‑acre hunting property just outside Brady with 2,500' of paved frontage on FM 2028 (W 17th St).
    • City of Brady waterline runs along the frontage with an agreement for up to 2 additional water taps.
    • Electricity available in multiple areas, with electric lines along the frontage and a second line running north to south across the property.
    • Elevation change of about 110' (from 1,710' to 1,810') with dense oak‑juniper cover and savannah‑like open areas.
    • North‑section pond is over 1 acre when full.
    • Perimeter fencing in place (netwire and barbwire) except for the proposed new eastern boundary.

    Overview

    This 257-acre hunting tract offers a well-balanced mix of dense cover and open areas, highlighted by live oaks and Edwards Plateau habitat. The eastern side includes a ridgeline that provides scenic views. Elevation varies by roughly 110 feet, ranging from 1,710 to 1,810 feet, and the property includes a pond in the north section that measures just over one acre when full. Perimeter fencing is in place using a combination of net wire and barbed wire, with the exception of a new proposed eastern boundary. Electricity is available in multiple areas, and an additional line runs across the property generally north to south. Notable wildlife listed for the property includes Axis deer, whitetail deer, Rio Grande turkey, doves, and feral hogs.

    The tract is positioned just outside of Brady with approximately 2,500 feet of paved frontage on FM 2028 (W 17th St). A city of Brady waterline runs along the frontage, and there is an agreement to provide up to two water taps into that line. Electric lines run along the frontage as well.

    Designed for whitetail and axis hunting, the property’s cover diversity, ridgeline outlook, and water/power access support flexible outfitting and future improvements. It is also being taken out of a larger tract, with additional acreage available, and a portion of the mineral estate could be available subject to negotiation. Blinds and feeders belong to the lessee and do not convey.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Brady
    County
    McCulloch
    State
    Texas
    Longitude
    -99.3723
    Latitude
    31.1258

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    FAQs

    What type of property is this?
    Hunting land - 257 acres of oak-juniper cover and open areas with paved frontage and on-site water and power for wildlife-focused use.
    Where is this hunting land located?
    The property is located at Tract 2 2050 W 17th Street Brady, TX.
    What is the asking price?
    The asking price for this property is $1,927,500.
    What are key features of this property?
    This property features: Approx. 257‑acre hunting property just outside Brady with 2,500' of paved frontage on FM 2028 (W 17th St).; City of Brady waterline runs along the frontage with an agreement for up to 2 additional water taps.; Electricity available in multiple areas, with electric lines along the frontage and a second line running north to south across the property.
    (512) 497-8284
    We can help!
    Listing Contact
    John Melnar
    John Melnar
    Real Estate License ID: 0655090
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    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.

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