Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Acre Lot Ready For Building Title is generated by Realmo AI

    1105 Keller Smithfield Road S, Keller, TX 76248

    View on Map
    Claim this Listing
    Picture of Land at 1105 Keller Smithfield Road S, Keller, TX
    For Sale
    Under Contract
    $485,900

    Unimproved Land - Keller, TX

    Type:Unimproved Land
    Lot size:
    1.00 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    101
    Last Refresh:
    May 8 at 7:06 pm

    Property Features for 1105 Keller Smithfield Road S

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    42777192
    Lot size
    1.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jackie Black
    Jackie Black

    Listing agent Jackie Black License #0519419

    Listing office Texas Best Properties 8849 Davis Blvd, Suite 500, Keller, TX

    Listing date Jan 27, 2026

    MLS# 20576430 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

    • No HOA fees.
    • Large +acre lot ready for construction.
    • Custom home build opportunity.
    • Premier builder (Phil Chaffins) required.
    • Planned features include 4‑4.5 bedrooms, media‑game room, study, and Butler's Pantry, with open living spaces.
    • Option for a 3‑4 car garage, private courtyard, and private guest quarters.

    Overview

    This vacant lot, over an acre in size, is ready for a custom home to be built. The property is located in Keller, Texas. A custom home built by Phil Chaffins will be constructed on this lot. The elevation represented in the photos has been drawn for the lot. The future home is planned to have 4 to 4.5 bedrooms, a media-game room, a study, and a Butler's Pantry with a sink, dishwasher, freezer, and storage. The design includes an open family, kitchen, and dining area, along with a 3-car garage with an optional 4th car space. The home will also feature a private courtyard and private guest quarters area. Please note that the photo is for example only. There is no HOA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Keller
    County
    Denton
    State
    Texas
    Longitude
    -97.219873
    Latitude
    32.912618

    Nearby Similar for Sale

    • $3,500,000

      Prime Office Building on Parkway

      Single-story office building with high visibility and functional layout.
      1727 Keller Parkway, Keller, TX 76248
      View Details
    • $1,100,000

      Prime Land with Commercial Potential

      3+ acre tract with frontage road access in Keller, TX.
      8713 Davis Boulevard, Keller, TX 76248
      View Details
    • $1,075,000

      Keller, TX Commercial Land For Sale

      Prime commercial land in Keller Town Center overlay.
      1001 Bear Creek Parkway, Keller, TX 76248
      View Details
    • $3,500,000

      Retail Opportunity in Keller, TX

      Retail space for sale in Keller, Texas.
      204 S Main Street, Keller, TX 76248
      View Details
    • $238,800

      Prime Land in Old Town

      0.12-acre lot in Old Town Keller for commercial/residential development.
      133 Minnie, Keller, TX 76248
      View Details
    • $700,000

      Residential Land in Limerick Estates

      0.75-acre homesite in Keller, TX, ready for custom build.
      1464 Limerick Court, Keller, TX 76262
      View Details
    • $238,800

      Old Town Keller Development Lot

      0.12-acre lot in a vibrant, walkable community.
      133 Minnie, Keller, TX 76248
      View Details
    • $599,000

      Residential Land in Established Neighborhood

      Vacant lot ready for custom home in Keller, Texas.
      16 Marvin Drive, Keller, TX 76262
      View Details
    • $2,375,000

      Retail Zoned Property in Keller

      Retail zoned property with parking and immediate occupancy potential.
      200 Meadowlands Boulevard, Keller, TX 76248
      View Details
    • $435,700

      Retail Zoned Land in Keller

      1.053 acre retail zoned land with parking spaces.
      781 Keller Parkway, Keller, TX 76248
      View Details
    • $189,900

      Residential Land in North Keller

      Unimproved lot in established neighborhood near corporate campuses.
      1744 Highland Drive W, Keller, TX 76262
      View Details
    • $650,000

      Retail Opportunity in Keller, TX

      Two buildings in Old Town Keller near new entertainment venue.
      136 Bates Street, Keller, TX 76248
      View Details

    FAQs

    What type of property is this?
    Land - A rare +acre lot ready for your dream home!
    Where is this land located?
    The property is located at 1105 Keller Smithfield Road S Keller, TX.
    What is the asking price?
    The asking price for this property is $485,900.
    What are key features of this property?
    This property features: No HOA fees.; Large +acre lot ready for construction.; Custom home build opportunity.
    (214) 850-3218
    We can help!
    Listing Contact
    Jackie Black
    Jackie Black
    Real Estate License ID: 0519419
    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
    1105 Keller Smithfield Road S, Keller, TX 76248
    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!