Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 Sienna Dr Alvord, TX 76225

    Sponsored
    For Sale
    Under Contract
    $46,750

    Unimproved Land - Alvord, TX

    Type:Unimproved Land
    Lot size:
    0.22 Acres
    Days on Market:
    570
    Last Refresh:
    Jan 28 at 4:06 pm

    Property Features for 3 Sienna Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    Tbd
    Lot size
    0.22 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    SCOTT LOCKLEAR

    The Real Estate Pro Shop (940) 393-2727

    Listing agent SCOTT LOCKLEAR (940) 393-2727 License #0468422

    Listing date Jul 8, 2024

    MLS# 20574152 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

    Overview

    Residential Land in Alvord, Texas

    This is an opportunity to acquire land in Whispering Winds Estates Phase 2, a new subdivision. The available lots are suitable for builders or individuals looking to construct a home. The subdivision features asphalt streets, city water, and city sewer, with taps included. The lots are oversized and feature large back yards. Located in Alvord, Texas, the property offers a small-town environment. The lot size is approximately 0.2168 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Alvord
    County
    Wise
    State
    Texas
    Longitude
    -97.6575
    Latitude
    33.3843

    Nearby Similar for Sale

    • $1,100,000
      1,806 SF

      Horse and Cattle Ranch Property

      Updated home with pool, arena, barns, and AG exemption.
      1755 S Fm 1655, Alvord, TX 76225
      View Details
    • $999,000
      3.82 Acres

      Office with Shop Building

      Office setup with shop building and ample parking available for sale.
      5716 N 287, Alvord, TX 76225
      View Details
    • $860,000
      3,180 SF

      Barndominium on 18+ Acres

      Charming barndominium on 18+ acres near Decatur, Texas.
      1600 County Road 2395, Alvord, TX 76225
      View Details
    • $1,090,000
      1,120 SF

      Alvord, TX Acreage with RV Park

      16.31 acres in Alvord, TX with commercial zoning.
      114 Private Road 2387, Alvord, TX 76225
      View Details
    • $215,000
      11.41 Acres

      Alvord Ranch Property For Sale

      11.41 acre ranch property in Alvord, Texas.
      301 Timber Trl, Alvord, TX 76225
      View Details
    • $425,000

      Versatile Commercial Building in Alvord

      Commercial building with apartments in high-traffic Alvord, Texas location.
      311 E Franklin St, Alvord, TX 76225
      View Details
    • $999,000

      Highway Frontage Business Opportunity

      Office and shop building with ample parking and highway frontage.
      5716 N 287, Alvord, TX 76225
      View Details
    • $875,000
      6,480 SF

      Alvord Industrial Property For Sale

      6,480 SF industrial property in Alvord, Texas.
      3984 Us-287, Alvord, TX
      View Details
    • $999,000
      4,320 SF

      Alvord Office Building with Shop

      Highway Frontage Office & Shop Space
      5716 287, Alvord, TX 76225
      View Details
    • $1,450,000
      4,160 SF

      Alvord, TX Commercial Land Investment

      High-traffic Hwy 287 location, 2.6 acres, 3 structures.
      Us Highway 287, Alvord, TX 76225
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land with city utilities in a new subdivision.
    Where is this land located?
    The property is located at 3 Sienna Dr Alvord, TX.
    What is the asking price?
    The asking price for this property is $46,750.
    What are key features of this property?
    This property features: - Oversized lots with large back yards.; - City water and city sewer.; - Taps are included.
    (940) 393-2727
    Request Owner's contact information
    3 Sienna Dr Alvord, TX 76225
    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.
    3 Sienna Dr
    Alvord, TX 76225
    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
    3 Sienna Dr Alvord, TX 76225
    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
    SCOTT LOCKLEAR
    Real Estate License ID: 0468422
    (940) 393-2727
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.