Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Southlake Land in Gated Community Title is generated by Realmo AI

    2616 Park Grove Loop, Southlake, TX 76092

    View on Map
    Claim this Listing
    For Sale
    $625,000

    Unimproved Land - Southlake, TX

    Type:Unimproved Land
    Lot size:
    0.37 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    27
    Last Refresh:
    May 10 at 3:06 pm

    Property Features for 2616 Park Grove Loop

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    42793317
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Expense value
    3000
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jenny Merchant

    Listing agent Jenny Merchant License #0761942

    Listing office Reflect Real Estate 5956 Sherry Lane-20Th Floor, Dallas, TX

    Listing date Apr 14, 2026

    MLS# 20671440 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

    • Exclusive gated community with only 47 luxury homesites on 60 acres.
    • Open enrollment to Carroll ISD.
    • Opportunity to build with prestigious SCH Homes known for unparalleled craftsmanship.
    • Pristine natural surroundings with walking trails, ponds, brooks, and greenspace.
    • Close proximity to DFW airport, shopping, and dining.
    • Minimum 3,000 s.f. to build.

    Overview

    This 0.367-acre homesite is located within the exclusive, gated Stony Brook community in Southlake, Texas. The 60-acre community is limited to 47 luxury homesites and features natural surroundings, including walking trails, ponds, flowing brooks, and greenspace, along with an outdoor pavilion. The property's location offers proximity to DFW airport, shopping, and dining. Open enrollment to Carroll ISD. A minimum of 3,000 square feet is required to build.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Southlake
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1451
    Latitude
    32.9492

    Nearby Similar for Sale

    • $4,950,000
      7,951 SF

      Southlake Investment Opportunity

      Tenant-occupied property with guaranteed buy-back and income opportunity.
      615 Brewer Road, Southlake, TX 76092
      View Details
    • $5,800,000
      1,230 SF

      Luxury Equine Estate Near Lake Grapevine

      Private 5.5-acre estate with state-of-the-art barn and covered arena.
      5000 T W King Road, Southlake, TX 76092
      View Details
    • $4,950,000
      7,951 SF

      Southlake TX Tenant-Occupied Property

      Tenant-occupied property in Southlake, TX with guaranteed buyback.
      615 Brewer Road, Southlake, TX 76092
      View Details
    • $500,000

      Southlake Commercial Land Opportunity

      Prime commercial land in Southlake with high visibility and flexibility.
      1206 Timberline Court, Southlake, TX 76092
      View Details
    • $610,000

      Southlake Land in Gated Community

      Residential land in Southlake's exclusive gated community, Stony Brook.
      112 Stony Brook Way, Southlake, TX 76092
      View Details
    • $775,000

      Southlake Land for Custom Home

      Prime Southlake lot to build your dream home.
      2201 Still Water Court, Southlake, TX 76092
      View Details
    • $795,000

      Southlake Land in Gated Community

      Luxury homesite in exclusive gated community with mature trees.
      2516 Park Grove Loop, Southlake, TX 76092
      View Details
    • $1,000,000

      Southlake Acre Lot Opportunity

      Rare full acre in Southlake, build your dream home!
      1261 Emerald Circle, Southlake, TX 76092
      View Details
    • $5,800,000

      Luxury Equine Estate with Lake Access

      Private 5.5-acre estate with custom barn and lake access.
      5000 T W King Road, Southlake, TX 76092
      View Details
    • $1,025,000

      Southlake Homesite in Garden District

      Last available lot near Southlake Town Square.
      225 Park Ridge Boulevard, Southlake, TX 76092
      View Details
    • $2,650,000

      Southlake Acreage: Development or Estate

      4.5 acres in Southlake, prime for development or private estate.
      800 Lodestar Drive, Southlake, TX 76092
      View Details
    • $4,950,000
      7,951 SF

      Modern Masterpiece on 1.38 Acres

      Remodeled 7951 sqft property with income opportunity and buyback.
      615 Brewer Road, Out of Area, TX 76092
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Exclusive homesite in Southlake's premier gated community.
    Where is this residential land & home lot located?
    The property is located at 2616 Park Grove Loop Southlake, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Exclusive gated community with only 47 luxury homesites on 60 acres.; Open enrollment to Carroll ISD.; Opportunity to build with prestigious SCH Homes known for unparalleled craftsmanship.
    (214) 449-1822
    We can help!
    Listing Contact
    Jenny Merchant
    Real Estate License ID: 0761942
    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
    2616 Park Grove Loop, Southlake, TX 76092
    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!