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    114 Private Road 2387 Alvord, TX 76225

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    For Sale
    $1,090,000

    Ranch, Farm/Ranch - Alvord, TX

    Type:Farm
    Property size:
    1,120 SF
    Lot size:
    16.30 Acres
    Price / SF:
    $973/SF
    Added:
    Jan 7, 2026
    Days on Market:
    119
    Last Refresh:
    May 6 at 7:06 am

    Property Features for 114 Private Road 2387

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking features
    Carport, RV
    Interior features
    Cable Tv Available, Eat-in Kitchen, High Speed Internet Available
    Exterior features
    Private Entrance, Rv Hookup, Rv/Boat Parking, Stable/Barn, Storage, Fence
    Fencing
    Fenced
    Appliances
    Cooktop, Cooktop - Electric, Garbage Disposer
    Standard status
    Active
    APN
    737757
    Size
    1,120 SF
    Lot size
    16.30 Acres

    Utilities

    Utilities
    Cable Available
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2002
    Floors in Building
    1
    Flooring type
    Carpet, Wood
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Barn(s), RV/Boat Storage, Stable(s), Storage

    We can help!

    Listing Contact
    Brianna Elliston

    Listing agent Brianna Elliston License #0621461

    Listing office Compass RE Texas, LLC 550 Reserve Street #650, Dallas, TX

    Listing date Jan 7, 2026

    MLS# 21142734 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.

    Overview

    Alvord, TX Acreage with RV Park

    This 16.31-acre property in Alvord, TX, includes 4.75 acres zoned commercial. It features a residence and established RV park infrastructure. The property includes a 2-bedroom, 2-bath home with approximately 1,120 square feet of living space, suitable for on-site living or rental use. The land is currently utilized for RV accommodations, with infrastructure to support 40 RV sites. Improvements include two on-site wells, bath houses for RV guests, recently upgraded electrical service, and a 40' by 50' storage building equipped with electricity. The layout allows for flexible use, expansion, or continued operation. An AG exemption is in place, providing potential property tax benefits. The RV infrastructure offers a foundation for continued use, seasonal or long-term stays, or future enhancement. The acreage provides privacy, open space, and versatility, while remaining accessible to nearby highways and surrounding North Texas communities. It is ideal for buyers looking for land with improvements, operational infrastructure, and multiple potential uses in a growing rural market. Additional property details are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shady Oaks RV ... Campground & RV Park

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Gym & Fitness Center (Bike/Boat/Book/etc) Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvord
    County
    Wise
    State
    Texas
    Longitude
    -97.65387
    Latitude
    33.310772

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    FAQs

    What type of property is this?
    Mobile home & RV park - 16.31 acres in Alvord, TX with commercial zoning.
    Where is this mobile home & rv park located?
    The property is located at 114 Private Road 2387 Alvord, TX.
    What is the asking price?
    The asking price for this property is $1,090,000.
    What are key features of this property?
    This property features: 16.31 acres with **4.75 acres zoned commercial**, offering diverse development possibilities.; Established RV park infrastructure for 40 sites provides immediate income potential.; Includes a 2‑bedroom, 2‑bath home (1,120 sq ft) for on‑site living or rental.
    (214) 814-8100
    We can help!
    Listing Contact
    Brianna Elliston
    Real Estate License ID: 0621461
    Learn More
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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
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