Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1200 Arts Way Gordon, TX 76453

    View on Map
    Claim this Listing
    New
    For Sale
    $64,000

    Unimproved Land - Gordon, TX

    Type:Unimproved Land
    Lot size:
    1.14 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 24 at 4:06 pm

    Property Features for 1200 Arts Way

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    32604
    Lot size
    1.14 Acres

    Taxes and HOA fees

    Expense value
    2200
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rey Mendez

    Listing agent Rey Mendez License #0607488

    Listing office 6th Ave Homes 908 Bryan Ave., Fort Worth, TX

    Listing date Apr 23, 2026

    MLS# 21248583 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

    Residential Land in Gated Community

    Located in a gated community in Gordon, Texas, this approximately 1.14-acre lot backs up to a greenbelt, offering privacy. The property provides ample space to build a home. The community features a clubhouse designed for parties and engagements, equipped with a full kitchen and seating. The ALR Recreation Center includes a resort-style pool, gym, game tables, and a movie theater. The Eagles Nest entry point has a large fire pit and views of the terrain. The property is located in Palo Pinto county.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Gordon
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.310813
    Latitude
    32.581333

    Nearby Similar for Sale

    • $850,000
      2,888 SF

      Ranch Property with Two Homes

      63-acre ranch featuring two homes, pond, creek, and outbuildings.
      376 Dickson Lane, Gordon, TX 76453
      View Details
    • $550,000

      25 Acre Texas Ranch Ranchette

      25 acres perfect for a weekend getaway or full-time hacienda.
      2112-c County Road 126, Gordon, TX 76453
      View Details
    • $1,342,239

      Scenic Ranch Near Interstate 20

      145-acre ranch with cabin, stocked tank, and diverse terrain.
      3201 County Road 120, Gordon, TX 76453
      View Details
    • $540,000

      Gordon, TX Ranch with Views

      34.32-acre ranch property with abundant wildlife and scenic views.
      0006/0007 Clayton Mountain Road, Gordon, TX 76453
      View Details
    • $660,000

      30 Acres of Texas Land

      30 acres of land with sandy soil and oak trees.
      2112-b County Road 126, Gordon, TX 76453
      View Details
    • $30,000

      Gordon, TX Land: Resort Community

      2.87 acre corner lot in gated resort community.
      E49r Arts Way, Gordon, TX 76453
      View Details
    • $375,000

      15 Acres of Serene Land

      15 acres of land with mature trees and outstanding views.
      2112-a County Road 126, Gordon, TX 76453
      View Details
    • $17,500

      Land in Gated 7R Ranch

      Unimproved land with access to community amenities near Gordon.
      324 GlenHollow Drive, Gordon, TX 76453
      View Details
    • $75,000

      Land near Lake Palo Pinto

      7.046 acres of land near Lake Palo Pinto.
      E11 Stagecoach Trail, Gordon, TX 76453
      View Details
    • $30,000

      Residential Land in Gated Community

      Homesite in resort-style community with luxury amenities and mountain views.
      Lot 26 Stagecoach, Gordon, TX 76453
      View Details
    • $33,000

      Texas Land in 7R Ranch

      3.74 acre homesite in 7R Ranch with community amenities.
      505 Canyon Lake Road, Gordon, TX 76453
      View Details
    • $32,900

      Land Near Hensley Nature Park

      Unimproved land near 7R Ranch and Hensley Nature Park.
      A18r Post Oak Road, Gordon, TX 76453
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.14 acre lot in Gordon, Texas with community amenities.
    Where is this residential land & home lot located?
    The property is located at 1200 Arts Way Gordon, TX.
    What is the asking price?
    The asking price for this property is $64,000.
    What are key features of this property?
    This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
    (817) 631-9803
    We can help!
    Listing Contact
    Rey Mendez
    Real Estate License ID: 0607488
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!