Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19 Brazos Dr Mineral Wells, TX 76067
    Back to Search
    Property profile & analytics

    19 Brazos Dr Mineral Wells, TX 76067

    View on Map
    • Land
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 19 Brazos Dr

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    This exceptional 5-acre commercial lot, located at Lot 19 Brazos Dr, Mineral Wells, TX 76067, presents a unique investment opportunity. Priced at $139,000, this property offers a land value of $0.64 per square foot. The lot encompasses 217,800 square feet and is priced at $27,800 per acre. Situated in Palo Pinto County, the land boasts a picturesque setting with abundant trees and open space, ideal for various commercial developments. Enjoy breathtaking views of the Palo Pinto Mountains and abundant wildlife. A nearby private park provides convenient access to the Brazos River. This property is free from homeowner's association (HOA) fees; however, maintaining membership with the grazing association is required to retain the agricultural exemption. Please note that mobile homes are not permitted on this property. This is a rare opportunity to acquire a sizable commercial lot in a desirable location with stunning natural surroundings. The property's size and location make it suitable for a range of commercial ventures. 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
    Mineral Wells
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.0887
    Latitude
    32.8155

    Comparable in this City

    • Value Estimation by Request
      0.97 Acres

      1101 24Th St

      Land • 0.97 Acres
      1101 24Th St, Mineral Wells, TX 76067
      View Details
    • Value Estimation by Request
      1.71 Acres

      1910 2Nd Ave

      Land • 1.71 Acres
      1910 2Nd Ave, Mineral Wells, TX 76067
      View Details
    • Value Estimation by Request
      2.47 Acres

      180 Hwy

      Land • 2.47 Acres
      180 Hwy, Mineral Wells, TX 76067
      View Details
    • Value Estimation by Request
      5.38 Acres

      Martin Luther King Jr St

      Land • 5.38 Acres
      0 Martin Luther King Jr St, Mineral Wells, TX 76067
      View Details
    • Value Estimation by Request
      5.72 Acres

      Tbd Fm 1195

      Land • 5.72 Acres
      0 Tbd Fm 1195, Mineral Wells, TX 76067
      View Details
    • Value Estimation by Request
      0.71 Acres

      Oak Ave

      Land • 0.71 Acres
      0 Oak Ave, Mineral Wells, TX 76067
      View Details

    Similar Nearby for Sale

    • $35,000
      1.39 Acres

      Unimproved Land in Mineral Wells

      1.39 acres of land in Mineral Wells, Texas.
      Tbd Bowie, Mineral Wells, TX 76067
      View Details
    • New
      $134,998
      2.08 Acres

      Land Ready for Development

      2.084 acre lot with utilities in Mineral Wells, TX
      596 Southridge Dr, Mineral Wells, TX 76067
      View Details
    • $135,000
      5.37 Acres

      Palo Pinto County Land

      5+ acre tract in Palo Pinto County, Texas.
      36 Big Bend Rd, Mineral Wells, TX 76067
      View Details
    • Contact for pricing

      Land For Sale Mineral Wells

      Land available for sale in Mineral Wells, Texas.
      170 Brazos Dr W, Mineral Wells, TX 76067
      View Details
    • $79,000
      5.00 Acres

      Palo Pinto 5-Acre Land Tract

      5-acre tract in Brazos Mountain Valley Ranch subdivision.
      3 Wooded Acres Dr, Palo Pinto, TX 76067
      View Details
    • $159,854
      5.92 Acres

      Secluded Acreage Near Highway 281

      5.922 acres with trees, pond, and privacy near Mineral Wells.
      Highway 281 S, Mineral Wells, TX 76067
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      640 SF

      Downtown Mineral Wells Commercial Space

      Versatile commercial space in vibrant downtown Mineral Wells shopping district.
      220 N Oak Ave, Mineral Wells, TX 76067
      View Details
    • $1,750 /Mo
      1,176 SF

      Downtown Mineral Wells Retail Space

      Versatile space ideal for retail or customer service businesses.
      220 N Oak Ave, Mineral Wells, TX 76067
      View Details
    • $15 SF/Yr

      Retail Center Shadowing Walmart

      26,959 SF retail center anchored by Dollar Tree.
      937 Fm 1821, Mineral Wells, TX 76067
      View Details
    • $9,000 /Mo
      9,044 SF

      Versatile Medical/Office Building For Lease

      Adaptable office building with ample parking and multiple possibilities.
      400 1St St, Mineral Wells, TX 76067
      View Details
    • $9,000 /Mo
      9,044 SF

      Mineral Wells Retail Space Available

      Retail space available for lease in Mineral Wells, Texas.
      400 1St St, Mineral Wells, TX 76067
      View Details
    • Contact for pricing
      8,133 SF

      Versatile Commercial Space for Rent

      Adaptable commercial property suitable for medical or office use.
      400 1St St, Mineral Wells, TX 76067
      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.
    19 Brazos Dr
    Mineral Wells, TX 76067
    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
    19 Brazos Dr, Mineral Wells, TX, 76067
    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!