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

    Tract 4 Hix Rd. Canyon, TX 79015

    View on Map
    For Sale
    $100,000

    LAND - Canyon, TX

    Lot size:
    10.00 Acres
    Added:
    May 23, 2025
    Days on Market:
    316
    Last Refresh:
    Apr 3 at 8:06 pm

    Property Features for Tract 4 Hix Rd.

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Description
    New survey will determine correct legal. +/-10 acres out of SECT 144 I&GN BLK 0006

    We can help!

    Listing Contact
    JT Haynes

    Listing agent JT Haynes License #0458326

    Listing office Triangle Realty, LLC 7669 Canyon Drive, Amarillo, TX

    Listing date May 23, 2025

    MLS# 25-4736

    Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Canyon, TX

    Multiple homesite tracts are available and offer easy access to a great location at the corner of Cemetery Road and Hix Road. The tracts are located minutes from Canyon and 2 miles west of I-27. The land is located in Canyon ISD and outside city limits. Deed restrictions support residential purposes and allow for barndominiums and livestock. The land features gently rolling grassland that has been used for grazing cattle in previous years, with a seasonal creek along the neighboring property. Cemetery Road is paved, and Hix Road is a well-maintained caliche county road. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Storage Facility Discount Store Electrical Service Cafe & Coffee Shop Wine and Liquor Store Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Canyon
    County
    Randall
    State
    Texas
    Longitude
    -101.88515
    Latitude
    34.977022

    Nearby Similar for Sale

    • $425,000
      2,767 SF

      Canyon, TX Commercial Property

      Commercial property near downtown square, suitable for office or retail.
      1610 5TH Avenue, Canyon, TX 79015-3833
      View Details
    • $695,000

      Prime Commercial Land in Canyon, TX

      Five acre commercial land tract with highway frontage in Canyon.
      6110 4TH Avenue, Canyon, TX 79015
      View Details
    • $695,000

      Prime Commercial Land in Canyon,TX

      Five acre commercial land tract with highway frontage in Canyon.
      6110 4TH Avenue, Canyon, TX 79015
      View Details
    • $10,740,000

      Income-Producing Caliche Mining Operation

      1280 acres near Canyon, TX with mining and ranching potential.
      Cemetery Rd Caliche Pit, Canyon, TX 79015
      View Details
    • $349,900
      3,214 SF

      Canyon, TX Duplex Opportunity

      Three-bedroom, two-bath duplex with strong rental potential in Canyon, TX.
      29 Southridge Drive, Canyon, TX 79015
      View Details
    • $720,000

      Canyon, TX Land Parcel

      Prime land parcel in Canyon, TX for multi-family development.
      8100 W COUNTRY CLUB Road, Canyon, TX 79015
      View Details
    • $7,490,000
      20,488 SF

      New Multifamily Investment Opportunity

      Newly built 18-unit multifamily property near WTAMU and Hunsley Hills.
      2 S HUNSLEY HILLS Boulevard, Canyon, TX 79015-2120
      View Details
    • $963,547

      Canyon, TX Commercial Land

      6.32 acres in prime retail location, zoned RC-2.
      PD Creek Business Park, Canyon, TX 79015
      View Details
    • $325,000

      Equestrian Property Near Canyon, TX

      10-acre property equipped for livestock and ready for your dream home.
      26351 ROSIE Lane, Canyon, TX 79015-4454
      View Details
    • $7,440,000

      Hunter's Canyon Estate For Sale

      Magnificent 340-acre estate with lodge, horse facilities, and guest housing.
      21401 Hope Road, Canyon, TX 79015
      View Details
    • $61,500

      Land in Gated Community

      3.06 acre homesite with canyon views in Canyon, TX.
      319 PRAIRIE Point, Canyon, TX 79015
      View Details
    • $501,811

      Commercial Parcel on Highway 60

      Prime commercial land with high visibility and accessibility.
      .96 ac UH 60, Canyon, TX 79015
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land tracts suitable for residential use near Canyon, TX.
    Where is this land located?
    The property is located at Tract 4 Hix Rd. Canyon, TX.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Owner financing available.; Outside city limits, but minutes from Canyon and 2 miles from I‑27 for easy Amarillo commute.; Located in Canyon ISD.
    (806) 367-8334
    We can help!
    Listing Contact
    JT Haynes
    Real Estate License ID: 0458326
    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!