Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Greenway Park Title is generated by Realmo AI

    304 Park Avenue, Keller, TX 76262

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $400,000

    Unimproved Land - Keller, TX

    Type:Unimproved Land
    Lot size:
    0.59 Acres
    Added:
    Sep 11, 2025
    Days on Market:
    241
    Last Refresh:
    May 9 at 8:06 am

    Property Features for 304 Park Avenue

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    43097521
    Lot size
    0.59 Acres

    Taxes and HOA fees

    Expense value
    2000
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Libby Severance

    Listing agent Libby Severance License #0771531

    Listing office HomeSmart 1200 Florida Drive, Suite 100, Dallas, TX

    Listing date Sep 11, 2025

    MLS# 20831822 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 Build to Suit opportunity with Providential Custom Homes in Keller's newest custom home subdivision.
    • Prime corner, north‑facing lot in Greenway Park, offering design flexibility.
    • Access to Greenway Park's exclusive amenities: over 4 acres of open spaces, trails, and a pond with a fishing pier.
    • Convenient location balancing peaceful residential living with proximity to commercial amenities, retail, and dining.
    • Located in a quiet, family‑friendly neighborhood with access to quality schools.
    • Easy access to major highways for commuting to Denton and Fort Worth.

    Overview

    Located at 304 Park Avenue, Keller, TX 76262, this residential lot is available for sale with an exclusive Build to Suit arrangement with Providential Custom Homes. The property is situated within Greenway Park, a custom home subdivision featuring 38 residential lots, over 4 acres of open spaces, trails, and a pond with a fishing pier for homeowners. This corner, north-facing lot offers the opportunity to design and build a custom home. The lot is spacious, allowing for custom designs and landscaping. The surrounding neighborhood is predominantly residential, offering a tranquil environment. The location provides convenient access to quality schools, shopping centers, restaurants, grocery stores, banks, and medical facilities. Major roads and highways are easily accessible, providing convenient commuting to nearby cities like Denton and Fort Worth. The lot size is 0.59 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Keller
    County
    Denton
    State
    Texas
    Longitude
    -97.2477211
    Latitude
    32.9517397

    Nearby Similar for Sale

    • $3,500,000

      Prime Office Building on Parkway

      Single-story office building with high visibility and functional layout.
      1727 Keller Parkway, Keller, TX 76248
      View Details
    • $1,100,000

      Prime Land with Commercial Potential

      3+ acre tract with frontage road access in Keller, TX.
      8713 Davis Boulevard, Keller, TX 76248
      View Details
    • $1,075,000

      Keller, TX Commercial Land For Sale

      Prime commercial land in Keller Town Center overlay.
      1001 Bear Creek Parkway, Keller, TX 76248
      View Details
    • $3,500,000

      Retail Opportunity in Keller, TX

      Retail space for sale in Keller, Texas.
      204 S Main Street, Keller, TX 76248
      View Details
    • $238,800

      Prime Land in Old Town

      0.12-acre lot in Old Town Keller for commercial/residential development.
      133 Minnie, Keller, TX 76248
      View Details
    • $700,000

      Residential Land in Limerick Estates

      0.75-acre homesite in Keller, TX, ready for custom build.
      1464 Limerick Court, Keller, TX 76262
      View Details
    • $238,800

      Old Town Keller Development Lot

      0.12-acre lot in a vibrant, walkable community.
      133 Minnie, Keller, TX 76248
      View Details
    • $599,000

      Residential Land in Established Neighborhood

      Vacant lot ready for custom home in Keller, Texas.
      16 Marvin Drive, Keller, TX 76262
      View Details
    • $2,375,000

      Retail Zoned Property in Keller

      Retail zoned property with parking and immediate occupancy potential.
      200 Meadowlands Boulevard, Keller, TX 76248
      View Details
    • $435,700

      Retail Zoned Land in Keller

      1.053 acre retail zoned land with parking spaces.
      781 Keller Parkway, Keller, TX 76248
      View Details
    • $189,900

      Residential Land in North Keller

      Unimproved lot in established neighborhood near corporate campuses.
      1744 Highland Drive W, Keller, TX 76262
      View Details
    • $650,000

      Retail Opportunity in Keller, TX

      Two buildings in Old Town Keller near new entertainment venue.
      136 Bates Street, Keller, TX 76248
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot for custom home in Keller's Greenway Park.
    Where is this residential land & home lot located?
    The property is located at 304 Park Avenue Keller, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Exclusive Build to Suit opportunity with Providential Custom Homes in Keller's newest custom home subdivision.; **Prime corner, north‑facing lot in Greenway Park, offering design flexibility.**; Access to Greenway Park's exclusive amenities: over 4 acres of open spaces, trails, and a pond with a fishing pier.
    (972) 401-1400
    We can help!
    Listing Contact
    Libby Severance
    Real Estate License ID: 0771531
    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
    304 Park Avenue, Keller, TX 76262
    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!