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

    263 Feather Bay Dr Brownwood, TX 76801

    • Land
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 263 Feather Bay Dr

    Lot size
    0.29 lot acres
    Property type
    Land

    Description

    This exceptional 0.29-acre commercial lot is located at 263 Feather Bay Dr in Brownwood, Texas, zip code 76801. Situated within the desirable Kings Point Cove Resort Community, this interior lot offers unparalleled access to a wealth of amenities. Enjoy the convenience of paved road frontage and readily available utilities, simplifying the building process. The property's proximity to Lake Brownwood and The Hideout Golf Club and Resort provides a picturesque setting and recreational opportunities. As a lot owner, you'll receive four complimentary rounds of golf per month on the 18-hole championship golf course. The resort community boasts two sparkling pools, a relaxing hot tub, and a modern clubhouse featuring a restaurant, perfect for socializing and dining. This is an ideal location for constructing a permanent residence or a luxurious vacation retreat, offering a blend of comfort, recreation, and community living. Don't miss this chance to own a piece of this vibrant, amenity-rich resort community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -99.0384
    Latitude
    31.8049

    Comparable in this City

    • Value Estimation by Request
      0.56 Acres

      818 And 819Feather Bay Dr

      Land • 0.56 Acres
      818 And 819Feather Bay Dr, Lake Brownwood, TX 76801
      View Details
    • Value Estimation by Request
      0.26 Acres

      1018 Lk Breeze Dr

      Land • 0.26 Acres
      1018 Lk Breeze Dr, Brownwood, TX 76801
      View Details
    • Value Estimation by Request
      0.81 Acres

      782 Feather Bay Dr

      Land • 0.81 Acres
      782 Feather Bay Dr, Brownwood, TX 76801
      View Details
    • Value Estimation by Request
      0.43 Acres

      1079 Lk Breeze Dr

      Land • 0.43 Acres
      1079 Lk Breeze Dr, Brownwood, TX 76801
      View Details
    • Value Estimation by Request
      0.26 Acres

      TBD336 Breezy St

      Land • 0.26 Acres
      TBD336 Breezy St, Brownwood, TX 76801
      View Details
    • Value Estimation by Request
      0.30 Acres

      TBD949 Feather Bay Dr

      Golf courses & driving ranges • 0.30 Acres
      TBD949 Feather Bay Dr, Brownwood, TX 76801
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.25 Acres

      Lake Brownwood Commercial Lot

      Prime .25-acre commercial lot near golf.
      48 Bear Path Way, Lake Brownwood, TX 76801
      View Details
    • Contact for pricing
      0.33 Acres

      Lake Brownwood Golf Course Lot

      Prime .33-acre golf course lot, build your dream home.
      609 Feather Bay Dr, Brownwood, TX 76801
      View Details
    • Contact for pricing
      0.37 Acres

      Brownwood Commercial Land Parcel

      0.37-acre commercial lot, prime location.
      197 Willie B Dr, Brownwood, TX 76801
      View Details
    • $77,500
      1.42 Acres

      Lake Brownwood Commercial Land

      1.42 Acres, Resort Community, Golf Included
      804805 Bay Breeze Dr, Brownwood, TX 76801
      View Details
    • Contact for pricing
      0.23 Acres

      King's Point Cove Commercial Lot

      Lakefront Land, Build Your Dream
      TBD335 Breezy St, Brownwood, TX 76801
      View Details
    • $49,000
      0.31 Acres

      Lake Brownwood Golf Course Lot

      Prime .31-acre golf course lot
      993 Long View Dr, Brownwood, TX 76801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      153,959 SF

      Commerce Square Retail Space in Brownwood, TX

      Brownwood retail space: 4,100 sq ft available.
      509 Commerce St, Brownwood, TX 76801
      View Details
    • $2,500 /Mo
      11,761 SF

      Medical Office Near Hendrick Medical

      Fully equipped medical office near Hendrick Medical Center for lease.
      106 S Park Dr, Brownwood, TX 76801
      View Details
    • $975 /Mo
      18,252 SF

      Renovated Commercial Space in Brownwood

      Newly renovated commercial space perfect for small businesses, move-in ready.
      1205 Coggin Ave, Brownwood, TX 76801
      View Details
    • $1,650 /Mo
      1,742 SF

      Restored Retail Space in Brownwood

      Meticulously restored retail building in the heart of Brownwood, Texas.
      301 Brown St, Brownwood, TX 76801
      View Details
    • $1,650 /Mo

      Restored Retail Space in Brownwood

      Meticulously restored retail space with original features and modern upgrades.
      301 Brown St, Brownwood, TX 76801
      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.
    263 Feather Bay Dr
    Brownwood, TX 76801
    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.