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Property profile & analytics
OFF-MARKET
Land

803 15Th St Mineral Wells, TX 76067

124 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 124-acre commercial land parcel in Mineral Wells, Texas, presents a unique investment opportunity. Located at 803 SW 15th St, 76067, in Palo Pinto County, this multi-parcel property boasts diverse zoning allowing for a variety of uses. A significant 40+ acre plateau offers stunning views overlooking downtown Mineral Wells, ideal for residential, commercial, or recreational development. The land features a blend of open fields and wooded areas, preserving natural beauty while providing ample space for construction. A key advantage is access to a premium mineral water source, complemented by two existing water wells and valuable water rights, ensuring a sustainable water supply – a significant asset in this region. Potential uses include bottling operations, wellness resorts, health spas, or single-family residential development (a concept plan is available). The property's strategic location offers easy access to Weatherford (20 miles), Fort Worth (50 miles), and DFW Airport (73 miles). The asking price is $6,500,000. This is a rare chance to acquire a large, versatile tract with significant water rights in a desirable Texas location.

Property profile
Verified
Property type Land
Lot 124 ac (5,401,440 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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