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    HomeSmart Stars

    5717 Legacy Drive, Suite 250, Plano, TX 75024
    (972) 798-5333
    Web Site
    Size: 10+ agents

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    Louisiana

    Texas

    Property Types

    • Land
    • Commercial Sale

    Listings

    For Sale (10)

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    Wooded Land Near Louisiana Border
    $65,000
    13.37 Acres

    Wooded Land Near Louisiana Border

    13.37 acres of wooded land, ideal for recreation.

    Hwy 77, Atlanta, TX 75551
    View details
    Vacant Lot in Dallas, TX
    $180,000
    0.18 Acres

    Vacant Lot in Dallas, TX

    Vacant lot with street access on two sides.

    1439 S Fitzhugh Ave, Dallas, TX 75223
    View details
    Rockwall Land in High Point
    $229,000
    1.50 Acres

    Rockwall Land in High Point

    Corner lot in prestigious High Point Lake Estates.

    1515 Andrew Cv, Rockwall, TX 75032
    View details
    Inner-City Dallas Unimproved Land
    $150,000
    0.11 Acres

    Inner-City Dallas Unimproved Land

    Unimproved lot near Downtown and Dallas Zoo. Great investment opportunity.

    1410 Church St, Dallas, TX 75203
    View details
    Residential Land in Gated Community
    Contact for pricing
    0.26 Acres

    Residential Land in Gated Community

    Vacant land in a residential gated community in Whitney, TX.

    22283 Greenbriar Dr, Whitney, TX 76692
    View details
    Highway 59 Land Parcel
    $50,000
    0.45 Acres

    Highway 59 Land Parcel

    0.451-acre parcel on Highway 59 with high visibility.

    2703 W Main St, Atlanta, TX 75551
    View details
    9.238 Acres in Frierson, LA
    $260,000
    9.24 Acres

    9.238 Acres in Frierson, LA

    9.238-acre wooded property in Pierre Point Estates, Frierson, LA.

    Providence Private Ln, Frierson, LA 71027
    View details
    Waterfront Lot in Woodlake Ridge
    $249,900
    0.77 Acres

    Waterfront Lot in Woodlake Ridge

    0.77-acre waterfront lot on Black Bayou in Benton, LA.

    1104 Long Key Cir, Benton, LA 71006
    View details
    Highway Frontage Warehouses For Sale
    $149,998

    Highway Frontage Warehouses For Sale

    High-visibility warehouses on Hwy 59, ideal for retail or industrial.

    3005 W Main St, Atlanta, TX 75551
    View details
    Vacant Lot in Booming Area
    $70,000
    20,647 SF

    Vacant Lot in Booming Area

    Cleared and fenced vacant lot, ideal for long-term investment.

    7008 Garner Rd, Rowlett, TX 75088
    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
    HomeSmart Stars
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