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

    1556 Thomas Rd Springtown, TX 76082

    Sponsored
    For Sale
    $299,000

    Unimproved Land - Springtown, TX

    Type:Unimproved Land
    Lot size:
    5.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 26 at 12:06 pm

    Property Features for 1556 Thomas Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    9999
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    5.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Burkhalter
    Lisa Burkhalter

    Slate Real Estate (817) 220-2700

    Listing agent Lisa Burkhalter (817) 771-8377 License #0500821

    Listing date Feb 24, 2026

    MLS# 21162181 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

    5 Acres of Land in Springtown

    This property features 5 acres of unimproved land suitable for building a home. The lot includes a pipe entrance and pipe fencing across the front. Several trees and a pond are located on the property. The land is ag exempt and located in Springtown, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom HVAC Service Computer & Electronic Repair Tech Support Center Plumbing Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.660935
    Latitude
    32.991164

    Nearby Similar for Sale

    • $365,000
      0.50 Acres

      Highway Frontage Office with Workshop

      Commercial property with office and workshop, ideal for various businesses.
      2531 Highway 199 E, Springtown, TX 76082
      View Details
    • $199,500
      952 SF

      Springtown Commercial Property with Home

      Commercial property with a home, suitable for office or retail.
      321 Highway 199 W, Springtown, TX 76082
      View Details
    • New
      $555,000
      1,831 SF

      Texas Horse-Ready Property with Barn

      3.5-acre Springtown property with barn, stalls, and open pasture.
      119 Cooperstown Dr, Springtown, TX 76082
      View Details
    • $270,000
      1,243 SF

      Springtown Retail Building on Large Lot

      Commercial building on 0.34 acres in Parker County.
      614 N Main St, Springtown, TX 76082
      View Details
    • $749,000
      2,000 SF

      Equestrian Property with Acreage

      Spacious home on 10+ acres, ideal for country living.
      262 N Cheyenne Trl, Springtown, TX 76082
      View Details
    • $749,000
      2,000 SF

      Acreage Property with Equestrian Features

      Three-bedroom home on 10+ acres with equestrian facilities.
      262 N Cheyenne Trl, Springtown, TX 76082
      View Details
    • $575,000
      1,680 SF

      Secluded Ranch Property with Roping Arena

      6.988-acre ranch featuring a workshop, barn, and roping arena.
      1110 Knob Rd, Springtown, TX 76082
      View Details
    • $650,000
      25.70 Acres

      Springtown Ranch with Rodeo Arena

      25+ acre ranch featuring a horse rodeo arena.
      0000 Big Salty Dr, Springtown, TX 76082
      View Details
    • New
      $3,757,000
      6,449 SF

      Springtown Ranch with Equestrian Facilities

      66.65 acre ranch featuring equestrian facilities and multi-residence living.
      2691 N Fm Road 51, Springtown, TX 76082
      View Details
    • $1,350,000
      3,078 SF

      Texas Ranch with Custom Stone House

      Breathtaking 40-acre ranch featuring a custom stone ranch house.
      4412 Holbrook Rd, Springtown, TX 76082
      View Details
    • $1,400,000
      1,000 SF

      Parker County Farm/Ranch with Barndominium

      60-acre Springtown, TX property with barndominium, ideal for development.
      8310 Prather Rd, Springtown, TX 76082
      View Details
    • $1,585,000
      4,749 SF

      Springtown Ranch with Guest House

      Spacious ranch with guest house, pool, and rural amenities.
      3601 Springfield Rd, Springtown, TX 76082
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre lot with pipe fence, trees, and pond.
    Where is this land located?
    The property is located at 1556 Thomas Rd Springtown, TX.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - 5 Acres of Land; - Pond on Property; - Ag Exempt
    (817) 771-8377
    Request Owner's contact information
    1556 Thomas Rd Springtown, TX 76082
    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.
    1556 Thomas Rd
    Springtown, TX 76082
    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
    1556 Thomas Rd Springtown, TX 76082
    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
    Lisa Burkhalter
    Lisa Burkhalter
    Real Estate License ID: 0500821
    (817) 771-8377 (817) 220-2700
    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!