Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2902 Briarwood St Granbury, TX 76048

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2902 Briarwood St Granbury, TX 76048

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US82-4762654
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2902 Briarwood St

    Property type
    Commercial real estate

    Description

    This exceptional 5,000 square foot residential lot presents a unique opportunity to build your dream home in the desirable Oak Trail Shores community. Located in Granbury, Texas, at 2902 E Briarwood St, zip code 76048, this vacant lot is zoned for residential use and sits outside the city limits. Oak Trail Shores offers residents exclusive access to a range of amenities, including a convenient boat ramp, a fishing pier, a well-maintained community center, and a refreshing swimming pool. The property's location provides a tranquil setting while still being conveniently located. Prospective buyers should note that the installation of a septic system will be required. This is a fantastic chance to create a custom home in a sought-after lake community. The asking price for this prime piece of land is $14,500. Don't miss this chance to secure your future in this beautiful Texas location. The property is located in Hood County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.827483
    Latitude
    32.483691

    Comparable in this City

    • Contact for pricing
      960 SF

      Lakefront Property with Expansion Potential

      Rare lakefront property with income and growth potential.
      5986 Field Ct, Granbury, TX 76048
      View Details
    • $799,000
      2.50 Acres

      Lakefront Airbnb Property with Expansion

      Rare lakefront Airbnb with expansion potential and steady rental income.
      5986 Field Ct, Granbury, TX 76048
      View Details
    • $1,500,000
      3.00 Acres

      Turn-Key Body-Mechanic Shop on 3 Acres

      Established Granbury body shop with mechanic shop, home, and business.
      725 Holmes Dr, Granbury, TX 76048
      View Details
    • Contact for pricing
      1,455 SF

      Updated Granbury Square Commercial Property

      Updated 3 bed, 2 bath property near Granbury Square.
      212 N Crockett St, Granbury, TX 76048
      View Details
    • $260,000
      1,232 SF

      Granbury Duplex: Investment Opportunity

      Charming, well-maintained duplex in Granbury, leased through October 2026.
      1003 Dawn Ct, Granbury, TX 76048
      View Details
    • Contact for pricing

      Historic Income-Producing Granbury Cottages

      Historic, income-producing property near Granbury's Historic Square.
      512 N Travis St, Granbury, TX 76048
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      960 SF

      Lakefront Property with Expansion Potential

      Rare lakefront property with income and growth potential.
      5986 Field Ct, Granbury, TX 76048
      View Details
    • $799,000
      2.50 Acres

      Lakefront Airbnb Property with Expansion

      Rare lakefront Airbnb with expansion potential and steady rental income.
      5986 Field Ct, Granbury, TX 76048
      View Details
    • $1,500,000
      3.00 Acres

      Turn-Key Body-Mechanic Shop on 3 Acres

      Established Granbury body shop with mechanic shop, home, and business.
      725 Holmes Dr, Granbury, TX 76048
      View Details
    • Contact for pricing
      1,455 SF

      Updated Granbury Square Commercial Property

      Updated 3 bed, 2 bath property near Granbury Square.
      212 N Crockett St, Granbury, TX 76048
      View Details
    • $260,000
      1,232 SF

      Granbury Duplex: Investment Opportunity

      Charming, well-maintained duplex in Granbury, leased through October 2026.
      1003 Dawn Ct, Granbury, TX 76048
      View Details
    • Contact for pricing

      Historic Income-Producing Granbury Cottages

      Historic, income-producing property near Granbury's Historic Square.
      512 N Travis St, Granbury, TX 76048
      View Details

    Similar Nearby for Lease

    • $1,685 /Mo

      Office Warehouse Near Granbury Square

      Flex warehouse with offices near Granbury square for lease.
      1310 Weatherford Hwy, Granbury, TX 76048
      View Details
    • $25 SF/Yr
      70,393 SF

      Modern Medical Office Shell Space

      Unfinished office space available in modern medical building in Granbury.
      1200 Crawford Ave, Granbury, TX 76048
      View Details
    • Contact for pricing

      Retail Space in Cellular World

      Retail, office, or service space in high-traffic Granbury location.
      700 East Us Highway 377, Granbury, TX 76048
      View Details
    • Contact for pricing
      4,188 SF

      High-Visibility Retail Space Available

      Retail space with high traffic and multiple access points.
      702 W Pearl St, Granbury, TX 76048
      View Details
    • Contact for pricing
      1,848 SF

      Granbury Commercial Space For Rent

      Versatile commercial space suitable for various business uses.
      515 W Bridge St, Granbury, TX 76048
      View Details
    • $1,600 /Mo
      22,433 SF

      Retail Space in Granbury, TX

      Retail space available for lease in Granbury, Texas.
      300 S Morgan St, Granbury, TX 76048
      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.
    2902 Briarwood St
    Granbury, TX 76048
    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.
    Sign Up Successful!
    You now have access to more from Realmo!