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    The Largest CRE Database in the US with Over 1 Million Listings

    Jack Mclemore, Colleyville, TX

    License ID: 0460808
    Years of Experience
    26
    Association
    Metrotex Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (817) 283-5134

    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family

    Performance

    Listings
    13
    Total transactions
    1,528
    Total transactions amount
    $645M
    Price range
    $430M - 967.5M
    Average price
    $645M

    Listings

    For Sale (13)

    View map
    • $740,000
      41.00 Acres

      41 Acres Near Nature Preserve

      Unimproved land near Mineola Nature Preserve with home site options.
      564 Tbd Loop, Mineola, TX 75773
      View Details
    • $269,500
      1.01 Acres

      Texas Hill Country 1-Acre Lot

      Serene 1-acre lot with unobstructed panoramic views in Bulverde, TX.
      580 Rosemary Ridge Dr, Bulverde, TX 78163
      View Details
    • $320,000
      4.07 Acres

      4.07 Acres in Chriswood HOA

      Two adjacent lots in Crowley, TX with pond.
      3322 Mariposa Rdg, Crowley, TX 76036
      View Details
    • $99,900
      0.83 Acres

      Farmersville Land Parcel For Sale

      Over half-acre lot perfect for building your dream home.
      1 County Road 705, Farmersville, TX 75442
      View Details
    • $2,195,000
      6,350 SF

      Modern Townhomes in Fort Worth

      Boutique condo development in Fort Worth's Near Southside.
      1120 Galveston Ave, Fort Worth, TX 76104
      View Details
    • $111,000
      2.51 Acres

      2.5 Acre Lot in Waco

      2.5 acre lot near Waco with utilities available.
      300 Taylor Oaks Dr, Waco, TX 76705
      View Details
    • $225,000
      5.20 Acres

      Sherman, TX Land Opportunity

      5.2 acres near future tollway extension in booming Sherman.
      Tbd Terry Ln, Sherman, TX 75092
      View Details
    • $645,000
      99.75 Acres

      Rosebud Land with Creek Access

      99.75 acres featuring year-round water access and diverse terrain.
      3550 County Road 273, Rosebud, TX 76570
      View Details
    • $99,900
      0.72 Acres

      Farmersville Land Parcel For Sale

      Unimproved land near Farmersville, TX, ideal for building a dream home.
      3 County Road 705, Farmersville, TX 75442
      View Details
    • $99,900
      0.67 Acres

      Farmersville Land Parcel For Sale

      Unimproved 0.669 acre lot perfect for building your dream home.
      2 County Road 705, Farmersville, TX 75442
      View Details
    • $99,900
      0.70 Acres

      Farmersville, TX Unimproved Land Parcel

      Over half-acre lot perfect for building a dream home.
      4 County Road 705, Farmersville, TX 75442
      View Details
    • $1,390,000

      Memorial Villages Expansive Lot

      Large lot in Memorial Villages, perfect for custom estate.
      9253 Elizabeth Rd, Houston, TX 77055
      View Details
    • $269,500

      Land for Sale in Bulverde

      Land available in Bulverde, Texas.
      580 Rosemary Ridge Dr, Bulverde, TX 78163
      View Details

    Leases and Sales on Map

    • For Sale

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    Jack Mclemore, Colleyville, TX
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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.

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