4384 State Hwy Glen Rose, TX 76043
This exceptional 18.373-acre property in Somervell County, Texas, boasts significant income potential and diverse usage possibilities. Located on State Highway 144, approximately one mile from Glen Rose, the land offers 900 feet of prime road frontage. The property includes a currently leased commercial business (generating $2000 monthly income) and four leased mobile homes, providing an additional $5300 in monthly rental income (one doublewide is currently occupied by the manager as part of their employment agreement). The existing leases offer a current 7% capitalization rate. The property features a well and two septic systems, with county water also available. A survey is readily available for review. The permitted zoning is mixed-use, allowing for a variety of development options. The asking price is $749,999, representing a land value of approximately $48,930 per acre. This turnkey investment opportunity combines established income streams with significant future development potential in a desirable Texas location. The five existing buildings consist of the commercial business and four mobile homes. This property presents a rare blend of immediate income and long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.