Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2124 Us-67 Glen Rose, TX 76043

    • Land
    • 1.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2124 Us-67

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional commercial land parcel, ranging from 1 to 3.26 acres, boasts a highly desirable location in Glen Rose, Texas, at 2124 US-67. Situated in Somervell County, zip code 76043 (latitude 32.250996, longitude -97.7289501), this unzoned property offers unparalleled flexibility for a wide range of commercial developments. The land benefits from direct access to US Highway 67, ensuring high visibility and accessibility for potential businesses. A recently opened McDonald's restaurant on the site further underscores the area's strong commercial viability and high traffic counts. The property's ideal location makes it particularly suitable for quick-service restaurants (QSRs), banks, car washes, and other convenience-oriented services. Utilities are readily available on-site, simplifying the development process. This is a rare opportunity to acquire a strategically positioned commercial lot in a thriving Texas community with significant growth potential. The property's size and location make it an attractive investment for developers seeking a prime location with excellent visibility and accessibility. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glen Rose
    County
    Somervell
    State
    Texas
    Longitude
    -97.729
    Latitude
    32.251

    Comparable in this City

    • Value Estimation by Request
      4.41 Acres

      Tbd Hwy 67

      Land • 4.41 Acres
      0 Tbd Hwy 67, Glen Rose, TX 76043
      View Details
    • Value Estimation by Request
      20.00 Acres

      Highway 67

      Land • 20.00 Acres
      0 Highway 67, Glen Rose, TX 76043
      View Details
    • Value Estimation by Request
      1.42 Acres

      County Road 312

      Land • 1.42 Acres
      0 County Road 312, Glen Rose, TX 76043
      View Details
    • Value Estimation by Request
      20.00 Acres

      0000 Highway 67

      Farms • 20.00 Acres
      0000 Highway 67, Glen Rose, TX 76043
      View Details
    • Value Estimation by Request
      2.34 Acres

      Tbd Hidden Vly

      Land • 2.34 Acres
      0 Tbd Hidden Vly, Glen Rose, TX 76043
      View Details
    • Value Estimation by Request

      Highway 67

      Land
      0 Highway 67, Glen Rose, TX 76043
      View Details

    Similar Nearby for Sale

    • $960,070
      4.41 Acres

      Glen Rose Commercial Land - Hwy 67

      Prime 4.41-acre commercial lot, excellent highway frontage.
      0 Tbd Hwy 67, Glen Rose, TX 76043
      View Details
    • Contact for pricing

      Loveland Industrial Flex Space

      15,000 SF Flex Space, 3 Acres
      0 Highway 67, Glen Rose, TX 76043
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Glen Rose Commercial Land

      High-traffic location, flexible zoning.
      2124 Us-67, Glen Rose, TX 76043
      View Details
    • $194,900

      Land For Sale

      Land available for purchase.
      1741 Tiffany Ln, Glen Rose, TX 76043
      View Details
    • $579,233
      19.47 Acres

      Glen Rose Land with Views

      19.47 acres in Glen Rose ISD with panoramic views.
      Tbd Cr 1012, Glen Rose, TX 76043
      View Details
    • $125,000
      1.50 Acres

      Glen Rose Unimproved Land For Sale

      1.5 acre property near Glen Rose city limits.
      1053 County Road 1017, Glen Rose, TX 76043
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      17,790 SF

      Glen Rose Office Space Available

      Second floor office space in busy retail center.
      1207 NE Big Bend Trl, Glen Rose, TX 76043
      View Details
    • $1,750 /Mo
      10,019 SF

      Warehouse with Office Space

      Commercial property with warehouse and office space for rent.
      1497 Highway 67 W, Glen Rose, TX 76043
      View Details
    • $4,500 /Mo
      3,006 SF

      Historical Palace in Glen Rose

      Historical Palace in Glen Rose, TX, ready for entertainment venue.
      114 Barnard St, Glen Rose, TX 76043
      View Details
    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.
    2124 Us-67
    Glen Rose, TX 76043
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.