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    Kelsey Whitesell, Pilot Point, TX

    License ID: 0724414
    Years of Experience
    4
    Association
    Metrotex Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (254) 718-6791
    Office Address:
    12740 Hillcrest Rd. Suite 205, Dallas, TX

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    27
    Total transactions
    184
    Total transactions amount
    $83M
    Price range
    $110k - 1.1M
    Average price
    $451k

    Listings

    For Sale (21)

    View map
    • $1,250,000
      24.95 Acres

      24.95 Acres Development Opportunity

      24.95 acres near future Dallas North Tollway.
      24.95 Acres Mcfarlin Rd, Collinsville, TX 76233
      View Details
    • $576,000
      17.98 Acres

      17.98 Acres of Unimproved Land

      17.98 acres of land with road frontage on Highway 114.
      18 Acres Tx-114, Boyd, TX 76023
      View Details
    • $2,250,000
      45.00 Acres

      45 Acres of Prime Land

      Undeveloped land in a high-growth corridor near major highways.
      N State Highway 78, Blue Ridge, TX 75424
      View Details
    • $115,000
      0.98 Acres

      Lake Tawakoni Land Package

      Three adjacent lots near Lake Tawakoni's community park and boat ramp.
      399 Briggs Blvd, East Tawakoni, TX 75472
      View Details
    • $199,000
      11.00 Acres

      Secluded Land with Creek Frontage

      11 acres with Sandy Creek frontage, mature trees, and utilities.
      2 Gilbreath Rd, Sadler, TX 76264
      View Details
    • $88,500
      1.00 Acre

      One Acre Lot in Collinsville

      Unimproved one-acre lot suitable for building a custom home.
      14 Block A Dawkins Rd, Collinsville, TX 76233
      View Details
    • $2,500,000
      10.00 Acres

      Prime Land Parcel in Celina

      10-acre parcel near Dallas North Tollway with significant potential.
      7410 Rawhide Rd, Celina, TX 75009
      View Details
    • $2,500,000
      10.00 Acres

      Prime 10-Acre Development Opportunity

      10 acres near Dallas North Tollway with significant development potential.
      7410 Rawhide Rd, Celina, TX 75009
      View Details
    • $525,000
      25.00 Acres

      25 Acres of Creek Frontage

      25-acre Ag-exempt property with creek frontage and mature trees.
      6 Gilbreath Rd, Sadler, TX 76264
      View Details
    • $285,000
      11.00 Acres

      11 Acres of Natural Beauty

      11-acre tract with mature trees, creek frontage, and utilities.
      8 Gilbreath Rd, Sadler, TX 76264
      View Details
    • $299,000
      11.00 Acres

      11 Acres with Sandy Creek Frontage

      11 acres of land with Sandy Creek frontage in Sadler, TX.
      4 Gilbreath Rd, Sadler, TX 76264
      View Details
    • $500,000
      10.00 Acres

      10 Acres Near Highway 121

      10 acres near Highway 121 and 78 in Blue Ridge, TX.
      10 Acres County Rd 936, Blue Ridge, TX 75424
      View Details
    • $1,312,500
      21.00 Acres

      21 Acres in Van Alstyne ISD

      21-acre tract in Van Alstyne ISD with extensive road frontage.
      21 Acres Sedalia Rd, Van Alstyne, TX 75495
      View Details
    • $781,250
      12.50 Acres

      Van Alstyne Land For Sale

      12.5-acre tract in Van Alstyne ISD with road frontage.
      12.5 Acres Sedalia Rd, Van Alstyne, TX 75495
      View Details
    • $616,000
      11.00 Acres

      11 Acres of Unimproved Land

      11 acres in Van Alstyne ISD with road frontage.
      11 Acres Sedlaia Rd, Van Alstyne, TX 75495
      View Details
    • $1,631,250
      26.10 Acres

      26 Acres in Van Alstyne ISD

      26.1 acres in Van Alstyne ISD with development potential.
      26.1 Acres Bucksnort Rd, Van Alstyne, TX 75495
      View Details
    • $4,411,875
      70.59 Acres

      Van Alstyne Land Investment Opportunity

      70.59 acres in Van Alstyne, TX, ideal for development.
      Tbd Bucksnort, Van Alstyne, TX 75495
      View Details
    • $220,000
      11.00 Acres

      11 Acres in Cleburne, Texas

      11 acres in Cleburne with utilities and ag exemption.
      6600 Woodard Ave, Cleburne, TX 76033
      View Details
    • $185,000
      12.77 Acres

      Godley, TX Unimproved Land

      12+ acre land parcel in Godley, TX for sale.
      605 County Rd 1122, Godley, TX 76044
      View Details
    • $1,500,000
      5.35 Acres

      Celina, TX Investment Property

      5.349 acre investment property near future Collin County Outer loop.
      6202 Private Road 902, Celina, TX 75009
      View Details
    • $1,500,000
      5.35 Acres

      Improved Land Near Future Development

      5.349 acres near future Collin County Outer Loop.
      6202 Private Road 902, Celina, TX 75009
      View Details

    For Lease (6)

    View map
    • $2,900 /Mo
      17,424 SF

      Whitesboro Warehouse with Yard Space

      Prime business location with yard space in Whitesboro, Texas.
      600 W Main St, Whitesboro, TX 76273
      View Details
    • $5,000 /Mo
      75,794 SF

      Sherman Industrial Space For Lease

      Versatile commercial space with high visibility and flexible layout.
      20110 Highway 56 W, Sherman, TX 75092
      View Details
    • $2,500 /Mo
      14,070 SF

      Modern Commercial Space For Lease

      Modern commercial space for lease in Pilot Point, Texas.
      717 E Liberty St, Pilot Point, TX 76258
      View Details
    • $7,500 /Mo
      6,400 SF

      Fenced Yard Warehouse Near Tollway

      Two insulated metal buildings with fenced yard space for lease.
      11416 Hames Rd, Pilot Point, TX 76258
      View Details
    • $3,000 /Mo
      3,200 SF

      Pilot Point Warehouse For Lease

      3,200 SF insulated metal building near Dallas North Tollway.
      11416 Hames Rd, Pilot Point, TX 76258
      View Details
    • $4,500 /Mo
      3,200 SF

      Pilot Point Warehouse with Fenced Yard

      3,200 SF warehouse with fenced yard near Dallas North Tollway.
      11416 Hames Rd, Pilot Point, TX 76258
      View Details

    Leases and Sales on Map

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    Kelsey Whitesell, Pilot Point, 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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    Kelsey Whitesell, Pilot Point, TX
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