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    For Sale (14)

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    Unrestricted Land Ready for Development
    $270,000
    11.07 Acres

    Unrestricted Land Ready for Development

    11.07 acres in Itasca, TX, ready for your vision.

    Tract 1 Hcr-4141, Itasca, TX 76055
    View details
    Land Ready for Development
    $140,000
    3.34 Acres

    Land Ready for Development

    3.337 acres of land ready for your dream home.

    9001 Hilltop Dr, Cleburne, TX 76033
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    Waterfront Land in Gated Community
    $149,000
    0.15 Acres

    Waterfront Land in Gated Community

    Land in Rockwall's Chandler's Landing with custom home plans.

    295 Victory Ln, Rockwall, TX 75032
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    Residential Land in Springtown, TX
    $119,000
    1.94 Acres

    Residential Land in Springtown, TX

    1.937 acre lot ready for your dream home.

    3001 Westfork Way, Springtown, TX 76082
    View details
    Commercial Land Near Highway 67
    $110,000
    0.46 Acres

    Commercial Land Near Highway 67

    Commercial land suitable for retail, office, or mixed-use development.

    3407 Scout Ave, Dallas, TX 75237
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    Balch Springs Retail-Commercial Opportunity
    $360,000
    0.95 Acres

    Balch Springs Retail-Commercial Opportunity

    High-visibility property zoned for retail with residential and commercial potential.

    3521 Pioneer Rd, Balch Springs, TX 75180
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    Haltom City Office For Sale
    $300,000
    0.11 Acres

    Haltom City Office For Sale

    Conveniently located office building with easy freeway access.

    1913 Hemlock Dr, Haltom City, TX 76117
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    Unrestricted Ranch Land in Iredell
    $519,000
    64.08 Acres

    Unrestricted Ranch Land in Iredell

    64.08 acres of unrestricted land near Glen Rose and Hico.

    Tbd County Rd 2410, Iredell, TX 76649
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    Residential Land in Terrell, TX
    $59,000
    0.31 Acres

    Residential Land in Terrell, TX

    Unimproved land for building a dream home in Terrell, TX.

    603 W Newton St, Terrell, TX 75160
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    Residential Land in 7R Ranch
    Contact for pricing
    1.72 Acres

    Residential Land in 7R Ranch

    1.719 acre homesite in 7R Ranch, Gordon, TX.

    18 Canyon Lake Rd, Gordon, TX 76453
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    Texas Land in 7R Ranch
    $33,000
    3.74 Acres

    Texas Land in 7R Ranch

    3.74 acre homesite in 7R Ranch with community amenities.

    505 Canyon Lake Rd, Gordon, TX 76453
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    Land Near Lake Tawakoni
    $34,995
    0.25 Acres

    Land Near Lake Tawakoni

    Spacious lot near Lake Tawakoni for recreation or residence.

    1537 Kays Hawk, Cove, TX 75474
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    Commercial Lot Ready for Development
    $115,000
    16,161 SF

    Commercial Lot Ready for Development

    Versatile commercial property suitable for various business operations.

    1209 Lyndon Ave, Desoto, TX 75115
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    Prime Commercial Location Near Downtown
    $355,000
    2,006 SF

    Prime Commercial Location Near Downtown

    Commercial property with easy access to freeways and downtown.

    1917 Hemphill St, Fort Worth, TX 76110
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    For Lease (1)

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    Retail Space Near Downtown Mansfield
    $2,000 / Mo
    42,123 SF

    Retail Space Near Downtown Mansfield

    Retail suite in high-traffic area near downtown Mansfield, Texas.

    801 N Main St, Mansfield, TX 76063
    View details

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    Rendon Realty
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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
    Rendon Realty
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