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    WILLIAM DAVIS REALTY

    17732 Preston Road, Ste. 100, Dallas, TX 75252
    (972) 732-6002
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    For Sale (17)

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    Residential Home Homesite in Community
    $190,000
    1.54 Acres

    Residential Home Homesite in Community

    A quiet 1.5-acre homesite in Emerald Heights with space for a custom build and outdoor living plans.

    Tbv Evergreen Way, Nevada, TX 75173
    View details
    Unimproved Land in Princeton, TX
    $50,000
    0.12 Acres

    Unimproved Land in Princeton, TX

    Land for sale in Princeton, Texas, Collin County.

    County Road 446, Princeton, TX 75407
    View details
    Acreage with Pond and Wooded Areas
    $560,000
    69.34 Acres

    Acreage with Pond and Wooded Areas

    Approximately 69 acres with a pond and wooded acreage, offering a strong setting for recreation or a custom home site.

    Farm Road 1502, Detroit, TX 75436
    View details
    Ready-to-Build Residential Lot
    $70,000
    0.16 Acres

    Ready-to-Build Residential Lot

    Build-ready lot in an established growth area with convenient highway access and nearby retail.

    1103 S Frances St, Terrell, TX 75160
    View details
    Residential Lot in Greenville, TX
    $79,500
    0.18 Acres

    Residential Lot in Greenville, TX

    Residential lot in Greenville, TX with utilities installed.

    4005 Bourland St, Greenville, TX 75401
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    LAND - Princeton, TX
    $79,500
    0.14 Acres

    LAND - Princeton, TX

    Land

    ### Mabel Ave, Princeton, TX 75407
    View details
    Commercial Land Parcel
    $199,900
    0.34 Acres

    Commercial Land Parcel

    Well-located commercial lot with convenient access to major interstates for a variety of development possibilities.

    537 Dallas St, Grand Prairie, TX 75051
    View details
    Lakeview Waterfront Land with Boat Slip
    $225,000
    5.01 Acres

    Lakeview Waterfront Land with Boat Slip

    Build your own lakeside home on a 5-acre lot with lake view, utilities, and an included boat slip.

    Epic Shore Dr, Quinlan, TX 75474
    View details
    Turnkey Self-Service Car Wash Investment
    $1,100,000
    0.86 Acres

    Turnkey Self-Service Car Wash Investment

    Fully operational, family-owned self-service car wash with established income and strong roadway visibility in Garland.

    3025 Arapaho Rd, Garland, TX 75044
    View details
    Bois d'Arc Lake Waterfront Land Tract
    $152,000
    1.70 Acres

    Bois d'Arc Lake Waterfront Land Tract

    Secluded fenced waterfront land with gated access and utilities nearby, suited for a private retreat or recreational use.

    County Road 2610, Bonham, TX 75418
    View details
    Residential Land in Terrell, TX
    $70,000
    0.22 Acres

    Residential Land in Terrell, TX

    Unimproved lot ready for construction in a growing area.

    119 Hackberry St, Terrell, TX 75160
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    Residential Land in Fate, TX
    $375,000
    5.00 Acres

    Residential Land in Fate, TX

    5 acres of residential land, subdividable into 1-acre lots.

    706 Prince Ln, Fate, TX 75087
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    Land with Mature Trees, Pond
    $459,000
    3.00 Acres

    Land with Mature Trees, Pond

    3-acre homesite with mature trees, pond, and barns in Lucas, TX.

    290 E Forest Grove Rd, Lucas, TX 75002
    View details
    Custom Home Lot Opportunity
    $900,000
    9.28 Acres

    Custom Home Lot Opportunity

    An expansive lot in a custom-home community with room to build a primary home plus shop or outdoor recreation.

    Tbv Evergreen Way, Nevada, TX 75173
    View details
    Custom Home Lot with Acreage
    $190,000
    1.50 Acres

    Custom Home Lot with Acreage

    Build a private custom residence on a 1.5-acre homesite within the Emerald Heights community.

    Tbv Evergreen Way, Nevada, TX 75173
    View details
    Turnkey Self-Service Car Wash
    $1,300,000
    0.84 Acres

    Turnkey Self-Service Car Wash

    Family-owned self-service car wash offers proven operating history and strong visibility from major Dallas thoroughfares.

    7803 Mccallum Blvd, Dallas, TX 75252
    View details
    Land For Sale
    $70,000

    Land For Sale

    Land available for sale.

    119 Hackberry St, Terrell, TX 75160
    View details

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    WILLIAM DAVIS 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
    WILLIAM DAVIS REALTY
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