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    Jill Sparling, Gun Barrel City, TX

    License ID: 0546519
    Years of Experience
    18
    Association
    Henderson County Board Of Realtors

    Service Locations

    Contact details

    Phone:
    (972) 772-7000
    Office Address:
    2701 Sunset Ridge Dr. #109, Rockwall, TX 75032

    Property Types

    • Land

    Performance

    Listings
    12
    Total transactions
    113
    Total transactions amount
    $24M
    Price range
    $6.8k - 359.9k
    Average price
    $212k

    Listings

    For Sale (12)

    View map
    • Contact for pricing
      0.14 Acres

      Residential Lot in Cherokee Shores

      Unimproved land with amenities in Cherokee Shores subdivision.
      320 Double Bridge Rd, Mabank, TX 75156
      View Details
    • New
      Contact for pricing
      0.11 Acres

      Land in Cherokee Shores

      Unimproved lot in Cherokee Shores, Mabank, Texas.
      209 Double Bridge Rd, Mabank, TX 75156
      View Details
    • $115,000
      0.59 Acres

      Residential Lots Near Private Parks

      Five side-by-side lots near private parks in Gun Barrel City.
      750-754 Doe Run Rd, Gun Barrel City, TX 75156
      View Details
    • $250,000
      0.44 Acres

      Waterfront Lot on Eastwood Island

      Waterfront lot with utilities in place, near main lake.
      Tbd Seaside Dr, Gun Barrel City, TX 75156
      View Details
    • $275,000
      1.25 Acres

      Highway Frontage Land with Utilities

      1.248 acres with utilities, zoned for multi-family use.
      15531 City Ct, Kemp, TX 75143
      View Details
    • $275,000
      1.25 Acres

      Highway Frontage Land in Kemp

      1.248 acres on HWY 175 with multi-family zoning.
      15531 City Ct, Kemp, TX 75143
      View Details
    • Contact for pricing
      0.12 Acres

      Land Near Private POA Parks

      Unimproved land near private parks, shopping, dining, and entertainment.
      750 Doe Run Rd, Gun Barrel City, TX 75156
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lots Near Private Parks

      Five contiguous lots available near private parks in Gun Barrel City.
      753 Doe Run Rd, Gun Barrel City, TX 75156
      View Details
    • Contact for pricing
      0.12 Acres

      Land Near Private POA Parks

      Unimproved land in Gun Barrel City, near private POA parks.
      751 Doe Run Rd, Gun Barrel City, TX 75156
      View Details
    • Contact for pricing
      0.12 Acres

      Land Near Private POA Parks

      Unimproved land in Gun Barrel City near lake access.
      752 Doe Run Rd, Gun Barrel City, TX 75156
      View Details
    • $250,000
      0.44 Acres

      Waterfront Lot on Eastwood Island

      Waterfront lot with utilities ready in Gun Barrel City, TX.
      203 Seaside Dr, Gun Barrel City, TX 75156
      View Details
    • $85,000
      0.94 Acres

      Unimproved Land Near Lake Access

      Just under one acre of cleared land with lake access.
      152 Lynn Creek Dr, Mabank, TX 75156
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Jill Sparling, Gun Barrel City, 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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    Jill Sparling, Gun Barrel City, TX
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