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

    121 Harbor Ln Hickory Creek, TX 75065

    View on Map
    Sponsored
    For Sale
    $15,000,000

    Ranch - Hickory Creek, TX

    Type:Ranch
    Lot size:
    50.28 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 5 at 4:06 am

    Property Features for 121 Harbor Ln

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    R62375
    Patio and Porch features
    Patio, Porch
    Exterior features
    Attached Grill, Balcony, Barbecue, Built-in Barbecue, Covered Patio/Porch, Dock, Fire Pit, Garden(s), Gas Grill, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Living Center, Permeable Paving, Private Entrance, Private Yard, Stable/Barn, Storage, Storm Cellar
    Dock
    1
    Fireplace
    1
    Lot size
    50.28 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s), Natural Gas, Zoned (Heating)
    Cooling system
    Attic Fan, Ceiling Fan(s), Central Air, Electric, Multi Units, Zoned

    Building Details

    Year built
    2002
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Outdoor Kitchen, Stable(s), Storage

    We can help!

    Listing Contact
    Lynda Villarreal
    Lynda Villarreal

    Douglas Elliman Real Estate (832) 320-2017

    Listing agent Lynda Villarreal (281) 652-5588 License #0432106

    Listing date Feb 14, 2026

    MLS# 21175539 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

    Hickory Creek Ranch Land

    Located in Hickory Creek at Harbor Lane and Tuberville Road, this corner lot property offers over 50 acres, according to tax records. The property is listed as Residential Farm and Ranch. Pape Engineers has prepared Feasible Development Design Plan options for the City. The site features scenic views and four ponds. It is approximately 45 minutes from both Dallas and Fort Worth, offering convenient access to urban amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory Creek
    County
    Denton
    State
    Texas
    Longitude
    -97.050693
    Latitude
    33.117762

    Nearby Similar for Sale

    • $995,000
      0.67 Acres

      Hickory Creek Office with Upside

      Office building in great location with high potential.
      3630 Fm 2181, Hickory Creek, TX 75065
      View Details
    • $15,000,000
      10,423 SF

      Luxury Equestrian Estate on 50 Acres

      Private gated retreat with world-class equestrian facilities and luxury amenities.
      121 Harbor Ln, Hickory Creek, TX 75065
      View Details
    • $5,440,000
      10,000 SF

      Denton County Daycare Investment

      High-yield, 15-year NNN lease, I-35 frontage.
      120 Baize Blvd, Hickory Creek, TX 75065
      View Details

    FAQs

    What type of property is this?
    Ranch - 50+ acre ranch property near Dallas and Fort Worth.
    Where is this ranch located?
    The property is located at 121 Harbor Ln Hickory Creek, TX.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: - 50+ acre corner lot ideal for development with Pape Engineers Feasible Development Design Plan options available.; - Conveniently located approximately 45 minutes from both Dallas and Fort Worth.; - Four ponds enhance the property and outdoor life.
    (214) 522-3838
    Request Owner's contact information
    121 Harbor Ln Hickory Creek, TX 75065
    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.
    121 Harbor Ln
    Hickory Creek, TX 75065
    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
    121 Harbor Ln Hickory Creek, TX 75065
    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

    We can help!
    Listing Contact
    Lynda Villarreal
    Lynda Villarreal
    Real Estate License ID: 0432106
    (214) 522-3838 (214) 886-9909 (469) 273-1431
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!