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    Berkshire Hathaway HomeServices PenFed Realty Texas

    3624 Long Prairie Road, Suite 100, Flower Mound, TX 75022
    (214) 901-7993
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    Size: 10+ agents

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    • Land
    • Commercial Sale
    • Residential Multi Family
    • Residential

    Listings

    For Sale (37)

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    Flower Mound Land Parcel
    $179,000
    0.23 Acres

    Flower Mound Land Parcel

    Unimproved lot in North Lake Highlands neighborhood, near Lake Grapevine.

    4013 Oakdale Ln, Flower Mound, TX 75022
    View details
    Southlake Land for Custom Home
    $775,000
    0.53 Acres

    Southlake Land for Custom Home

    Prime Southlake lot to build your dream home.

    2201 Still Water Ct, Southlake, TX 76092
    View details
    Waterfront Lot in Northwood Subdivision
    $70,000
    0.46 Acres

    Waterfront Lot in Northwood Subdivision

    0.46-acre waterfront lot in Mount Pleasant, TX.

    2835 Kingfisher Ln, Mount Pleasant, TX 75455
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    Wooded Cul-de-Sac Lot in Retreat
    Contact for pricing
    0.21 Acres

    Wooded Cul-de-Sac Lot in Retreat

    Wooded lot in golf community with membership included.

    6451 Archerfield Ct E, Cleburne, TX 76033
    View details
    Blue Ridge Undeveloped Land Parcel
    $10,299,750
    137.33 Acres

    Blue Ridge Undeveloped Land Parcel

    137.3-acre undeveloped land with high visibility and development potential.

    Tbd 137.3Ac County Rd 832, Blue Ridge, TX 75424
    View details
    Water View Land in Little Elm
    $777,000
    1.56 Acres

    Water View Land in Little Elm

    1.56 acres of undeveloped land with water views.

    0000 Izzy Ln, Little Elm, TX 75068
    View details
    Residential Lot in Gated Community
    $35,000
    0.33 Acres

    Residential Lot in Gated Community

    0.329-acre lot in resort-style community with amenities.

    6026 Killmarnoch Dr, Cleburne, TX 76033
    View details
    140 Acres in Sherman, Texas
    $4,208,100
    140.27 Acres

    140 Acres in Sherman, Texas

    140+ acre property near future arterial in Sherman, Texas.

    8571 Plainview Rd, Sherman, TX 75092
    View details
    Southlake Acre Lot Opportunity
    $950,000
    1.02 Acres

    Southlake Acre Lot Opportunity

    Rare full acre lot in Southlake with endless potential.

    1261 Emerald Cir, Southlake, TX 76092
    View details
    Residential Lot in Gated Community
    $30,000
    0.22 Acres

    Residential Lot in Gated Community

    0.219-acre improved lot in The Retreat, Cleburne, TX

    8356 Bruntsfield Loop Dr, Cleburne, TX 76033
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    172 Acre Land in Howe, TX
    $9,466,600
    172.12 Acres

    172 Acre Land in Howe, TX

    Strategically located land in a high-growth North Texas corridor.

    Tbd 172.12 Wyatt Rd, Howe, TX 75092
    View details
    Terrell, TX Unrestricted Land
    $5,200,000
    51.72 Acres

    Terrell, TX Unrestricted Land

    51 acres of unrestricted land in fast-growing Kaufman County.

    10350 County Road 305, Terrell, TX 75160
    View details
    Scenic Land in Valley View
    $175,000
    2.00 Acres

    Scenic Land in Valley View

    Ready-to-develop land with scenic views, close to Gainesville.

    Tbd Cr-247, Valley View, TX 76272
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    3.3 Acres in North Richland
    $1,400,000
    3.30 Acres

    3.3 Acres in North Richland

    Four combined lots totaling 3.3 acres with old residential home.

    6744 Hewitt St, North Richland Hills, TX 76182
    View details
    Residential Land in Golf Community
    Contact for pricing
    0.25 Acres

    Residential Land in Golf Community

    Land in The Retreat with golf and community amenities.

    7224 S Aberdeen Dr, Cleburne, TX 76033
    View details
    Greenville TX Vacant Land Parcel
    $2,875,400
    26.14 Acres

    Greenville TX Vacant Land Parcel

    Exceptional land parcel for commercial and industrial development in Greenville, TX.

    Tbd Industrial Dr, Greenville, TX 75401
    View details
    Waterfront Lot in Northwood Subdivision
    $40,000
    0.21 Acres

    Waterfront Lot in Northwood Subdivision

    0.21-acre residential lot with lake views in Mount Pleasant, TX.

    2912 Blue Heron Cir, Mount Pleasant, TX 75455
    View details
    Terrell, TX Unimproved Land
    $13,055,000
    186.50 Acres

    Terrell, TX Unimproved Land

    186.5 acres of commercial land for sale in Terrell.

    Tbd Fm Rd 429, Terrell, TX 75160
    View details
    Terrell, TX: 16 Acre Commercial Land
    $1,040,000
    16.00 Acres

    Terrell, TX: 16 Acre Commercial Land

    16 acres of undeveloped commercial land in Terrell, TX.

    429 Fm, Terrell, TX 75161
    View details
    1.83 Acres of Fenced Land
    $60,000
    1.83 Acres

    1.83 Acres of Fenced Land

    1.83 acres in Emory, TX with utilities in place.

    1332 Rs County Road 2570, Emory, TX 75410
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    Grayson County Ranch with Barndominiums
    $6,800,000
    170.44 Acres

    Grayson County Ranch with Barndominiums

    170.437-acre Ag Exempt ranch with two barndominiums and shop.

    4333 Fm 2729, Whitewright, TX 75491
    View details
    Residential Lot Backing Greenbelt
    $35,000
    0.24 Acres

    Residential Lot Backing Greenbelt

    0.21-acre residential lot in Northwood Subdivision, Mount Pleasant, TX.

    2917 Blue Heron Cir, Mount Pleasant, TX 75455
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    Wooded Lot in The Retreat
    $30,000
    0.35 Acres

    Wooded Lot in The Retreat

    0.352-acre wooded lot with resort-style amenities in Cleburne, TX.

    6517 Archerfield Ct W, Cleburne, TX 76033
    View details
    Pastoral Ranch Near Lake Tawakoni
    $525,000
    27.50 Acres

    Pastoral Ranch Near Lake Tawakoni

    27+ acre ranch with ponds, barn, and fencing near Dallas.

    Rs County Road 1691, Lone Oak, TX 75453
    View details
    Picturesque 5-Acre Property in Azle
    $260,000
    5.00 Acres

    Picturesque 5-Acre Property in Azle

    5-acre property perfect for a dream home or weekend retreat.

    113 County Road 4860, Azle, TX 76020
    View details
    20 Acres for Residential Development
    $5,500,000
    20.00 Acres

    20 Acres for Residential Development

    20 acres ideal for residential development near Melissa High School.

    5335 County Road 413, Melissa, TX 75454
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    Residential Land in Wooded Area
    $33,000
    0.36 Acres

    Residential Land in Wooded Area

    Residential land with access to community amenities in Cleburne, TX.

    8505 Shetland Ct W, Cleburne, TX 76033
    View details
    Residential Lot in Golf Community
    Contact for pricing
    0.18 Acres

    Residential Lot in Golf Community

    0.177-acre lot in The Retreat, Cleburne, TX.

    8504 Dornoch St, Cleburne, TX 76033
    View details
    34 Acres Commercial Land Abilene
    $476,000
    34.00 Acres

    34 Acres Commercial Land Abilene

    Undeveloped 34-acre commercial land with high visibility in Abilene, TX.

    Fm 1082, Abilene, TX 79601
    View details
    23 Acres of Land in Howe
    $1,173,000
    23.00 Acres

    23 Acres of Land in Howe

    23 acres in Dorchester, TX, near future arterial road.

    Tbd Taylor Rd, Howe, TX 75459
    View details
    68 Acres Unimproved Land Abilene
    $1,701,750
    68.07 Acres

    68 Acres Unimproved Land Abilene

    68.07 acres of land for sale in Abilene, Texas.

    Tbd Tx-36, Abilene, TX 79602
    View details
    Prime Land Near Lake Palestine
    $800,000
    19.68 Acres

    Prime Land Near Lake Palestine

    19.68 acres in Bullard, TX, ideal for development.

    15223 Cr 188, Bullard, TX 75757
    View details
    Valley View Ranch with Equestrian Facilities
    $1,599,000
    3,280 SF

    Valley View Ranch with Equestrian Facilities

    Luxury ranch on 14 acres, equestrian facilities, near DFW.

    510 County Road 247, Valley View, TX 76272
    View details
    Versatile Industrial Warehouse on Large Lot
    $2,400,000
    1.35 Acres

    Versatile Industrial Warehouse on Large Lot

    20,100 SF Dallas warehouse with flexible zoning and ample parking.

    8331 Hoyle Ave, Dallas, TX 75227
    View details
    9.65 Acres Land with Ponds
    $194,500
    9.65 Acres

    9.65 Acres Land with Ponds

    9.65 acres of land with multi-family zoning and utilities.

    000 Senior Community Dr, Mount Pleasant, TX 75455
    View details
    107 Acres Near Sherman City
    $10,738,700
    107.39 Acres

    107 Acres Near Sherman City

    107-acre Ag Exempt property ideal for development or investment.

    11086 State Highway 56, Sherman, TX 75090
    View details
    Remodeled Multi-Generational Homes
    Contact for pricing
    2,908 SF

    Remodeled Multi-Generational Homes

    Two remodeled homes, separate gated driveways, yards, and meters.

    2476 Coolidge Ave, Los Angeles, CA 90064
    View details

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    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
    Berkshire Hathaway HomeServices PenFed Realty Texas
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