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    For Sale (15)

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    Residential Lot in Waxahachie
    $118,000
    1.23 Acres

    Residential Lot in Waxahachie

    Residential land for custom home with easy access to amenities.

    104 Chisholm Trl, Waxahachie, TX 75165
    View details
    Vacant Land Ready for Building
    $70,000
    1.24 Acres

    Vacant Land Ready for Building

    1.24 acre vacant lot suitable for building or mobile home.

    1241 Vz County Road 2718, Mabank, TX 75147
    View details
    Corner Lot Ready for Building
    $179,000
    0.39 Acres

    Corner Lot Ready for Building

    Vacant corner lot in Garland, TX, ready for construction.

    5445 Robin Rd, Garland, TX 75043
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    2-Acre Lot in Rockwall County
    $230,000
    2.00 Acres

    2-Acre Lot in Rockwall County

    Prime land near I-30 and SH 205 in Royse City.

    433 Horseshoe Bnd, Royse City, TX 75189
    View details
    Two Lots in Mabank, TX
    $80,000
    0.73 Acres

    Two Lots in Mabank, TX

    Two contiguous lots perfect for building a custom residence.

    127 Pierce Dr, Mabank, TX 75156
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    Picturesque Land with Creek in Nevada, TX
    $350,000
    10.25 Acres

    Picturesque Land with Creek in Nevada, TX

    10.25 acres with creek, ideal for building or investment.

    17613 Soman, Nevada, TX 75173
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    10 Acres Unimproved Land, Jacksonville
    $200,000
    10.00 Acres

    10 Acres Unimproved Land, Jacksonville

    10 acres of land near Jacksonville, TX, with electric on-site.

    805 County Road 3210, Jacksonville, TX 75766
    View details
    27 Acres Near Texas A&M
    $400,000
    27.00 Acres

    27 Acres Near Texas A&M

    27 acres near Texas A&M University-Commerce, ideal for development.

    390 Bishop St, Commerce, TX 75428
    View details
    Kaufman, TX - 2 Acre Parcel
    $185,000
    2.00 Acres

    Kaufman, TX - 2 Acre Parcel

    2-acre country parcel in Kaufman, minutes from Dallas.

    1428 County Road 4106, Kaufman, TX 75142
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    10 Acres of Flat Land
    $194,500
    10.01 Acres

    10 Acres of Flat Land

    10 acres of unimproved land suitable for building.

    4686 Rs County Fm 514, Point, TX 75472
    View details
    Residential Lot in Terrell, TX
    $35,000
    0.11 Acres

    Residential Lot in Terrell, TX

    Vacant residential lot suitable for a custom home.

    207 S Ann St, Terrell, TX 75160
    View details
    Bonham, TX Unimproved Land
    $59,900
    0.32 Acres

    Bonham, TX Unimproved Land

    Small lot in Bonham, TX, ideal for new home.

    2105 Bois D Arc Dr, Bonham, TX 75418
    View details
    5 Acres Unimproved Land
    $180,000
    5.14 Acres

    5 Acres Unimproved Land

    Unrestricted 5-acre lot with utilities available near Wills Point.

    2091 County Rd 3908, Wills Point, TX 75169
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    Unimproved Land in Kemp, Texas
    $75,000
    1.13 Acres

    Unimproved Land in Kemp, Texas

    1.132 acres of land for sale in Kemp, Texas.

    21982 County Road 4072, Kemp, TX 75143
    View details
    Tranquil Corsicana Land with Pond
    $325,000
    14.97 Acres

    Tranquil Corsicana Land with Pond

    14.97 acres with pond, ideal for recreation or investment.

    8410 County Road 0090, Corsicana, TX 75110
    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
    Decorative Real Estate
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