Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land with Highway Frontage Title is generated by Realmo AI

    20273 HWY 37 S, Bogata, TX 75417

    View on Map
    Claim this Listing
    Pending
    $96,000

    LAND - Other - Bogata, TX

    Lot size:
    9.60 Acres
    Added:
    May 22, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 20273 HWY 37 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Pending
    APN
    40364
    Lot size
    9.60 Acres

    Utilities

    Water source
    Well

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Leah Rolen
    Leah Rolen

    Listing agent Leah Rolen License #0478844

    Listing office Keller Williams Legacy TX

    Listing date May 22, 2026

    MLS# 21278519 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.

    HighLights

    • 9.6‑acre property with frontage on State Highway 37
    • Located between Bogata and Mount Vernon, Texas, just minutes from Interstate I‑30
    • Multiple access points from Highway 37 for flexible entry and layout options
    • Onsite utilities available for convenient development planning
    • Land includes a pond
    • Water source is a well

    Overview

    This offering presents a flexible commercial land tract with multiple access points from Highway 37. The property includes a pond and features onsite utilities, which can help streamline planning and development. With a large, open layout, the site supports a range of end uses, subject to buyer verification and applicable approvals.

    Positioned for accessibility and exposure, the land benefits from prime State Highway 37 frontage. The property is located between Bogata and Mount Vernon, with quick access to the Interstate I-30 corridor a few minutes away, supporting connectivity to surrounding communities.

    For buyers and operators, the combination of highway frontage, utility availability, and multiple entrances makes this an attractive candidate for mixed-use concepts or commercial development. It may also appeal to those seeking a residential or multi-generational setup where privacy and space matter, while still keeping road visibility within reach. Interested parties should confirm intended use, zoning, and development requirements prior to purchase.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bogata
    County
    Red River
    State
    Texas
    Longitude
    -95.1491
    Latitude
    33.4573

    Nearby Similar for Sale

    • $210,000

      Timber Hunting Tract with Pond

      40-acre wooded hunting land with a pond, existing stands, and utilities available at the road for flexible recreational use.
      4861 CR 4610, Bogata, TX 75417
      View Details
    • $38,500

      Land in Bogata, Texas

      0.5-acre tract with high potential in Bogata, Texas.
      Mount Vernon Road, Bogata, TX 75417
      View Details
    • $38,500

      Prime Land in Bogata, TX

      0.5-acre tract with high potential in Bogata, Texas.
      TDB TX Hwy 37, Bogata, TX 75417
      View Details
    • $59,000

      Wooded Hunting Land Retreat

      A private, wooded tract well suited for hunting, with dense cover and hardwoods for outdoor recreation.
      FM 909, Bogata, TX 75417
      View Details

    FAQs

    What type of property is this?
    Commercial land - Versatile development site with Highway 37 visibility, utilities onsite, and a pond on nearly 10 acres.
    Where is this commercial land located?
    The property is located at 20273 HWY 37 S Bogata, TX.
    What is the asking price?
    The asking price for this property is $96,000.
    What are key features of this property?
    This property features: 9.6‑acre property with frontage on State Highway 37; Located between Bogata and Mount Vernon, Texas, just minutes from Interstate I‑30; Multiple access points from Highway 37 for flexible entry and layout options
    (972) 599-7000
    We can help!
    Listing Contact
    Leah Rolen
    Leah Rolen
    Real Estate License ID: 0478844
    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

    Thank You for Inquiry
    20273 HWY 37 S, Bogata, TX 75417
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!