Add Listing
    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

    4604 Bill Simmons Road Colleyville, TX 76034

    View on Map
    Claim this Listing
    New
    For Sale
    $1,999,900

    Unimproved Land - Colleyville, TX

    Type:Unimproved Land
    Property size:
    4,407 SF
    Lot size:
    2.30 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 10 at 12:06 pm

    Property Features for 4604 Bill Simmons Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    01837206
    Size
    4,407 SF
    Lot size
    2.30 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeannie Anderson
    Jeannie Anderson

    Listing agent Jeannie Anderson License #0490368

    Listing office Compass RE Texas, LLC 550 Reserve Street #650, Dallas, TX

    Listing date Apr 9, 2026

    MLS# 21232664 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

    Land with Existing Home

    This property, situated on Bill Simmons Road, offers an expansive 2.3-acre canvas for a custom home. Located at the end of a cul-de-sac, the land provides a high degree of privacy. The property includes an existing 4,407 square foot home and a 30x40 barn. The existing home can be occupied during the construction of a new residence. The location provides convenient access to shopping, dining, and entertainment options, and is located within minutes of DFW International Airport. The property is located in Colleyville, Tarrant County, Texas, and offers freedom in design and construction due to the absence of HOA restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colleyville
    County
    Tarrant
    State
    Texas
    Longitude
    -97.13478
    Latitude
    32.876936

    Nearby Similar for Sale

    • $1,445,000

      Colleyville Stand-Alone Building For Sale

      Stand-alone building in a vibrant business district, suitable for commercial/office.
      5017 Colleyville Boulevard, Colleyville, TX 76034
      View Details
    • $499,000
      1,119 SF

      Colleyville Land with Business Potential

      Updated property with business potential in a thriving community.
      5016 Thompson Terrace, Colleyville, TX 76034
      View Details
    • $1,250,000

      Colleyville Office Investment Opportunity

      Partially leased office space with long-term income potential.
      8508 Precinct Line Road, Colleyville, TX 76034
      View Details
    • $1,200,000

      Colleyville Commercial Land Opportunity

      Prime commercial land with office/shop building in a desirable location.
      7111 Colleyville Boulevard, Colleyville, TX 76034
      View Details
    • $899,000

      Colleyville Land Ready for Development

      0.861-acre lot in Colleyville, TX, ready for immediate development.
      5609 Oak Top Drive, Colleyville, TX 76034
      View Details
    • $712,000

      Colleyville Land Opportunity

      1.235 acres in the heart of Colleyville, Texas.
      100 Valley View Drive N, Colleyville, TX 76034
      View Details
    • $650,000

      Wooded Building Lot in Colleyville

      Beautiful wooded lot for dream home in North Colleyville.
      Lot 13r Bettinger Drive, Colleyville, TX 76034
      View Details
    • $899,900

      Colleyville Homesite in Gated Community

      Exceptional .68 acre homesite in Colleyville's newest gated neighborhood.
      7255 Oak Alley Drive, Colleyville, TX 76034
      View Details
    • $899,900

      Colleyville Land in Gated Community

      0.68 acre corner property in Oak Alley Estates.
      1417 Nottoway Court, Colleyville, TX 76034
      View Details
    • $750,000

      Colleyville Land in Fair Way

      Prime lot in established Colleyville neighborhood, ideal for custom home.
      6701 Herbert Road, Colleyville, TX 76034
      View Details
    • $460,000

      Colleyville Land Ready to Build

      0.63-acre lot in Colleyville, cleared and ready to build.
      607 Frontier Court, Colleyville, TX 76034
      View Details
    • $2,299,000

      Colleyville Land with Estate Potential

      2.6-acre lot in prestigious Colleyville location, build your dream estate.
      4612 Bill Simmons Road, Colleyville, TX 76034
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.3 acres in Colleyville with home and barn.
    Where is this residential land & home lot located?
    The property is located at 4604 Bill Simmons Road Colleyville, TX.
    What is the asking price?
    The asking price for this property is $1,999,900.
    What are key features of this property?
    This property features: Large 2.3‑acre lot at the end of a cul‑de‑sac offering unmatched privacy.; Existing 4,407sf home and 30x40 barn included on the property.; Opportunity to live in the existing home while building a new custom home.
    (682) 226-6938
    We can help!
    Listing Contact
    Jeannie Anderson
    Jeannie Anderson
    Real Estate License ID: 0490368
    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!