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

    2212 Spring Hill Road Aubrey, TX 76227

    View on Map
    For Sale
    Under Contract
    $4,990,000

    Improved Land - Aubrey, TX

    Lot size:
    40.00 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 1 at 6:06 am

    Property Features for 2212 Spring Hill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    R51509
    Lot size
    40.00 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1997
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Montagna

    Listing agent Steve Montagna License #0592952

    Listing office Steve Montagna Real Estate LLC 454 Keller Parkway, Keller, TX

    Listing date Mar 25, 2026

    MLS# 20790279 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

    Aubrey TX Unzoned Land

    This forty-acre property presents a range of development opportunities. The unzoned land, located within the ETJ, is agriculturally exempt. Situated directly on a major arterial road, the property offers convenient access to Highway 377 and the proposed upcoming Outer Loop, which will connect I-35 to the Dallas North Tollway. New grocery stores and large retail projects are planned nearby. The land features mature trees and undulating topography, with a creek meandering through the landscape. This property is suitable for a private estate or a development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Hotel & Motel Car Rental Facility (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Aubrey
    County
    Denton
    State
    Texas
    Longitude
    -96.948957
    Latitude
    33.296782

    Nearby Similar for Sale

    • $599,999

      Aubrey Land Development Opportunity

      2+ acre parcel in fast-growing Aubrey corridor.
      6250 Mcnatt Road, Aubrey, TX 76227
      View Details
    • $480,000

      New Retail Building on Highway

      New retail suites available for sale on busy Highway 377.
      501 Pine Ridge Drive, Aubrey, TX 76227
      View Details
    • $430,000

      Aubrey Duplex: Investment Opportunity

      Well-maintained duplex in Aubrey, TX with strong income potential.
      613 N Cherry Street, Aubrey, TX 76227
      View Details
    • $1,000,000

      Versatile Property with Multiple Living Units

      Property featuring three separate living structures, ideal for investment.
      4768 Pebble Creek Drive, Aubrey, TX 76227
      View Details
    • $1,950,000

      Prime Commercial Land in Aubrey, TX

      10 acres with high visibility, ideal for commercial development.
      1937 Spring Hill Road, Aubrey, TX 76227
      View Details
    • $2,000,000

      Unrestricted Land on Stewart Road

      Rare unrestricted land ideal for industrial or retail use.
      Tbd-lot 4 Stewart Rd, Aubrey, TX 76227
      View Details
    • $427,400

      4.6 Acres Near Lake Ray

      4.6 acre tract ready for development near Lake Ray.
      9520 Fm 2153, Aubrey, TX 76227
      View Details
    • $5,400,000

      Aubrey, TX Commercial Development Opportunity

      7.22 acres in fast-growing Aubrey corridor, ideal for development.
      1711 FM 1385, Aubrey, TX 76227
      View Details
    • $3,286,766

      Prime Commercial Land on Highway 380

      Fantastic investment opportunity: 3.74 AC commercial lot on Hwy 380.
      8400 US Highway 380 Lot 1, Cross Roads, TX 76227
      View Details
    • $289,900

      Land in Aubrey, Texas

      One acre of land with minimal building restrictions near Aubrey.
      24041 Countryview Drive, Aubrey, TX 76227
      View Details
    • $419,816

      Commercial Pad Ready For Development

      Commercial pad with utilities available in a high-traffic retail corridor.
      0.652 Ac PINE RIDGE Lane, Aubrey, TX 76227
      View Details
    • $14,676,852

      Prime Land in Growing Aubrey

      25+ acre tract ideal for development in fast-growing North Texas.
      12029 Fishtrap Road, Aubrey, TX 76227
      View Details

    FAQs

    What type of property is this?
    Land - 40 acres of unzoned land with development potential.
    Where is this land located?
    The property is located at 2212 Spring Hill Road Aubrey, TX.
    What is the asking price?
    The asking price for this property is $4,990,000.
    What are key features of this property?
    This property features: 40 acres of unzoned land in the ETJ offering diverse development possibilities and agricultural exemption.; Prime location on a major arterial road with quick access to Highway 377 and the proposed Outer Loop connecting I‑35 to the Dallas North Tollway.; Well‑positioned for growth in rapidly developing Aubrey, near new grocery stores and large retail projects.
    (214) 998-9001
    We can help!
    Listing Contact
    Steve Montagna
    Real Estate License ID: 0592952
    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!