Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15.75 Acres on Highway 380 Title is generated by Realmo AI

    0000 Hwy 380, Caddo Mills, TX 75135

    View on Map
    Claim this Listing
    For Sale
    $1,400,000

    Unimproved Land - Caddo Mills, TX

    Type:Unimproved Land
    Lot size:
    15.75 Acres
    Added:
    Apr 24, 2025
    Days on Market:
    383
    Last Refresh:
    May 11 at 4:06 pm

    Property Features for 0000 Hwy 380

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    28073
    Lot size
    15.75 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jamie Walk

    Listing agent Jamie Walk License #0620118

    Listing office James Walk 6327 Brook Lake, Dallas, TX

    Listing date Apr 24, 2025

    MLS# 20783465 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 1180 feet of frontage on Hwy 380
    • Located on Hwy 380, a major thoroughfare experiencing incredible growth
    • 15.75 acre tract to be surveyed
    • Suitable for commercial development
    • Suitable for multifamily development
    • Suitable for buy and hold investment

    Overview

    This 15.75 acre tract is available for sale and will be surveyed. Situated in Caddo Mills, Texas, the acreage is suitable for commercial or multifamily development, or for investment purposes. The property features over 1180 feet of frontage on Highway 380, offering significant visibility and potential. Highway 380 serves as a major thoroughfare connecting Denton to McKinney and Greenville, with the cities along the route experiencing substantial growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Caddo Mills
    County
    Hunt
    State
    Texas
    Longitude
    -96.2479
    Latitude
    33.0732

    Nearby Similar for Sale

    • $1,875,000
      4,269 SF

      Caddo Mills Farm/Ranch Estate

      33-acre AG EXEMPT estate with ponds, arena, and updated home.
      4620 County Road 2720, Caddo Mills, TX 75135
      View Details
    • $3,499,400
      2,763 SF

      Caddo Mills Development Opportunity

      98-acre property ideal for residential, commercial, or mixed-use development.
      4581 County Road 2624, Caddo Mills, TX 75135
      View Details
    • $574,900

      30 Acres in Caddo Mills

      30-acre property in Caddo Mills ISD, near DFW Metroplex.
      Tract 2 FM 36, Caddo Mills, TX 75135
      View Details
    • $72,750

      Improved Lot in Caddo Mills

      Spacious lot with utilities, ready for residential construction.
      2501 Mcfarland, Caddo Mills, TX 75135
      View Details
    • $295,000

      Prime Land in Caddo Mills

      High-traffic corner lot suitable for various commercial businesses.
      2209 Gilmer Street, Caddo Mills, TX 75135
      View Details
    • $325,000

      Land for Custom Home

      6+ acre lot for country living with pond.
      4547 Macs Trail, Caddo Mills, TX 75135
      View Details
    • $2,550,000

      Land Parcel in Caddo Mills

      66.86 acre land parcel with frontage on FM 36.
      000 FM 36, Caddo Mills, TX 75135
      View Details
    • $499,500

      Caddo Mills 15-Acre Ranch

      15 acres in Caddo Mills, ideal for farming/building.
      2852 CR 2134, Caddo Mills, TX 75135
      View Details
    • $289,900

      Land with Stocked Pond

      2.716 acres in Caddo Mills ISD with mature trees.
      2615 County Road 2226, Caddo Mills, TX 75135
      View Details
    • $150,000

      Caddo Mills Homesite with Utilities

      2.17-acre homesite with utilities, flexible for various builds.
      Tbd Private Rd 2737, Caddo Mills, TX 75135
      View Details
    • $159,900

      Land for Custom Home

      Unimproved 1.715 acre lot suitable for building a custom home.
      2040 Buck Court, Caddo Mills, TX 75135
      View Details
    • $1,362,138

      Caddo Mills Land on Highway

      10 acre corner tract with high visibility and frontage.
      10 Acres HIGHWAY 380, Caddo Mills, TX 75135
      View Details

    FAQs

    What type of property is this?
    Commercial land - 15.75 acres of unimproved land with highway frontage.
    Where is this commercial land located?
    The property is located at 0000 Hwy 380 Caddo Mills, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Over 1180 feet of frontage on Hwy 380; Located on Hwy 380, a major thoroughfare experiencing incredible growth; 15.75 acre tract to be surveyed
    (214) 293-7510
    We can help!
    Listing Contact
    Jamie Walk
    Real Estate License ID: 0620118
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0000 Hwy 380, Caddo Mills, TX 75135
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!