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

    1019 Spring Hill Rd Aubrey, TX 76227

    Sponsored
    For Sale
    $12,000,000

    Unimproved Land - Aubrey, TX

    Type:Unimproved Land
    Lot size:
    54.70 Acres
    Days on Market:
    309
    Last Refresh:
    Jan 25 at 4:06 pm

    Property Features for 1019 Spring Hill Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    00
    Parking features
    Assigned, Garage
    Lot size
    54.70 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1981
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Saman Ilangasinghe

    Texas Properties & Real Estate (214) 762-6410

    Listing agent Saman Ilangasinghe (469) 701-1240 License #0546812

    Listing date Mar 23, 2025

    MLS# 20872743 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.

    Learn more

    Property Insight Report

    Overview

    54.7 Acres Equine Business Property

    This 54.7-acre property, currently operating as an equine business, presents opportunities for future development in a high-demand area on FM 428. The property includes barns, round pens, and an outdoor track pad. The ranch-style house features 3 bedrooms and 2 bathrooms, with a converted garage that now serves as a mudroom and full-size office. The master bedroom has an ensuite bathroom, while the second bathroom is located between bedrooms 2 and 3. A back porch overlooks the equine facility. The property is secured with a gated entrance and access code, along with pipe and cable fencing. The show barn contains 21 stalls, and the stud barn offers 10 stalls with storage and a room that could be converted into a full lab. Additionally, there is a shed row with 7 stalls. Attached to the show barn is a covered area suitable for longeing or riding in inclement weather, with 6 stalls lining the back wall of this attachment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Steve Cruse Show ... Corporate Office Whitehedge Farm, LLC Horse Riding School

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Pharmacy Gym & Fitness Department Store Skin Care Clinic Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Aubrey
    County
    Denton
    State
    Texas
    Longitude
    -96.967266
    Latitude
    33.30211

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    FAQs

    What type of property is this?
    Horse & equestrian property - 54.7 acres suitable for equine business or future development.
    Where is this horse & equestrian property located?
    The property is located at 1019 Spring Hill Rd Aubrey, TX.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: - 54.7 acres suitable for future development in a high-demand area on FM 428.; - Equine business setup featuring a show barn with 21 stalls, stud barn with 10 stalls, shed row with 7 stalls, round pens, and outdoor track pad.; - Ranch-style house with 3 bedrooms and 2 bathrooms.
    (469) 701-1240
    Request Owner's contact information
    1019 Spring Hill Rd Aubrey, TX 76227
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    Aubrey, TX 76227
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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
    1019 Spring Hill Rd Aubrey, TX 76227
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    We can help!
    Listing Contact
    Saman Ilangasinghe
    Real Estate License ID: 0546812
    (469) 701-1240
    Learn more
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