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

    Lot 2 Prairie Grove Road Valley View, TX 76272

    View on Map
    Claim this Listing
    For Sale
    $125,000

    Unimproved Land - Valley View, TX

    Type:Unimproved Land
    Lot size:
    1.00 Acre
    Added:
    Apr 3, 2026
    Days on Market:
    19
    Last Refresh:
    Apr 21 at 8:06 am

    Property Features for Lot 2 Prairie Grove Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    323564
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    McKinley Corbin

    Listing agent McKinley Corbin License #0847147

    Listing office THE REAL ESTATE COMPANY 306 E. California, Gainesville, TX

    Listing date Apr 3, 2026

    MLS# 21228800 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

    Acre Homesite in Valley View

    This 1-acre homesite is located in Prairie Grove Ranch in Valley View, Texas. The property features paved road frontage and access to co-op water and electric utilities. Situated outside city limits, the lot allows for the construction of a custom home or barndominium. The property's sandy loam soil is suitable for various residential uses. The location provides convenient access to I-35, facilitating travel to Denton, Gainesville, and surrounding areas. It is also located minutes from Lake Ray Roberts. Additional acreage is available with adjacent lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Kitchen & Bath Showroom Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Valley View
    County
    Cooke
    State
    Texas
    Longitude
    -97.0781083
    Latitude
    33.5254197

    Nearby Similar for Sale

    • $325,000

      I-35 Frontage Development Opportunity

      1.14-acre commercial land with high visibility on I-35.
      101/103 Gibson Lane, Valley View, TX 76272
      View Details
    • $499,000

      Hideaway Lane Sanctuary

      Three-acre property with cabin and unique glass-walled structure.
      374 Hideaway Lane, Valley View, TX 76272
      View Details
    • $2,175,000
      2,815 SF

      Valley View Equestrian Estate

      Exceptional 15-acre equestrian property in Cooke County.
      289 Blackjack Road, Valley View, TX 76272
      View Details
    • $1,599,000
      3,280 SF

      Valley View Ranch with Equestrian Facilities

      Luxury ranch on 14 acres, equestrian facilities, near DFW.
      510 County Road 247, Valley View, TX 76272
      View Details
    • $1,999,250
      2,256 SF

      Lakefront Barndominium with Horse Barn

      29.75-acre lakefront property with barndominium and horse barn.
      1639 Bloomfield Road, Valley View, TX 76272
      View Details
    • $570,000

      I-35 Frontage Land Available

      5-acre unimproved land with I-35 frontage and railroad access.
      Tbd I 35 Frontage, Valley View, TX 76272
      View Details
    • $1,680,000
      3,049 SF

      57 Acre Texas Farm/Ranch

      57 acre farm/ranch with home, workshop, barn, and ponds.
      590 County Road 385, Valley View, TX 76272
      View Details
    • $360,000

      Expansive Wooded Lot Near Lake

      5-acre residential lot near Lake Ray Roberts and Valley View.
      Lot 92 County Road 2255, Valley View, TX 76272
      View Details
    • $550,000

      I-35 Frontage Land Available

      Highly visible I-35 frontage property with easy access.
      Tbd I 35 Frontage, Valley View, TX 76272
      View Details
    • $190,000

      Ready-to-Build Land in Valley View

      2.93-acre tract with utilities near I-35.
      402 Sunflower Drive, Valley View, TX 76272
      View Details
    • $190,000

      Valley View Land with Utilities

      2.93-acre tract with utilities ready for development.
      402 Sunflower Drive, Valley View, TX 76272
      View Details
    • $69,000

      Unimproved Land Near Lake Ray

      Almost an acre of land backing to CORP & Lake.
      00000 Hudson Drive, Valley View, TX 76272
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1-acre homesite near Lake Ray Roberts with utilities available.
    Where is this residential land & home lot located?
    The property is located at Lot 2 Prairie Grove Road Valley View, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Minutes from Lake Ray Roberts.; Outside city limits, offering flexibility for custom home or barndominium.; Convenient access to I‑35 for easy access to Denton, Gainesville, and surrounding areas.
    (940) 668-8523
    We can help!
    Listing Contact
    McKinley Corbin
    Real Estate License ID: 0847147
    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!