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Days193Days on Market
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$250,000

623 Parker Lane, Granbury, TX, 76048

On MarketInfo
Baths0 Bath
Year BuiltBuilt in 1996

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Exterior FeaturesAwning(s), Private Entrance, Private Yard, Storage

Land Information

APN12385.008.0013.0
Lot Number10
SubdivisionThe Hills Of Gby
Land UseResidential
Legal DescriptionLOT: 10 AND 13 BLK: 8 SUBD: THE HILLS OF GBY PH V-R
Census Tract160212
Assessed Land Value$56,000
Assessed Improvement Value$24,210
Assessment Year2025

About this property

Phenomenal Double-Lot Property With Steel Shop in Granbury, Texas. Discover a rare opportunity with this expansive double lot located on a corner outside Granbury city limits—offering unmatched flexibility, no known deed restrictions, and endless potential for personal or business use. Fully fenced and gated, the property features a blend of wood and chain-link fencing for privacy and security. At the heart of the property sits an impressive 30' x 50' steel shop with spray foam insulation, concrete floors, electricity and water, two mini-split AC units, making it a comfortable, functional workspace year-round. The current owners have also added a steel parking extension measuring 18.5' x 50', providing even more room for equipment, vehicles, inventory, or hobby space. A charming mini shed is also included—perfect for a future she shed, office, studio, or hobby room. The interior is currently in the process of being finished out, offering the next owner the chance to customize it to their needs. With its massive footprint and versatile improvements, this property is ideal for a business owner, builder, or anyone looking for storage, workshop space, or land to develop. A home could easily be built at the front of the lot while retaining abundant space behind for work or storage operations. Properties like this—flexible, spacious, and outside city restrictions—are incredibly rare. Don’t miss your chance to own this unique and highly functional property in a desirable Granbury area.

Investor Tools

$0Estimated Mortgage Balance
$248,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Keller Williams Lonestar DFW

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$962
$80,210
2025
$56,000
$24,210
$80,210
No

Tax History

Year
Tax Paid
Assessed Value
2025
$962
$80,210

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$248,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Granbury

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623 Parker Lane | Property Details | No Agent List