Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Texas Views Title is generated by Realmo AI

    503 Hollow Drive, Tolar, TX 76476

    View on Map
    Claim this Listing
    For Sale
    $99,000

    Unimproved Land - Tolar, TX

    Type:Unimproved Land
    Lot size:
    3.00 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    60
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 503 Hollow Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000109196
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Expense value
    500
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Erin Warner

    Listing agent Erin Warner License #0773438

    Listing office Keller Williams Brazos West 1099 Waters Edge Dr. Suite 100, Weatherford, TX

    Listing date Mar 18, 2026

    MLS# 21212023 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

    • Stunning Texas views and peaceful country living
    • Located in the highly desirable Tolar ISD
    • Conveniently located: just 20 minutes from Granbury and Lake Granbury
    • Paved roads, underground electric, and internet included
    • Bring your own builder
    • Close proximity to Tolar and Lipan schools (10 minutes)

    Overview

    This 3-acre property is a build site located in the Ranches of Star Hollow, within the Tolar Independent School District. The site offers views of the surrounding Texas landscape. The development includes paved roads, underground electric, and internet access. The location is approximately 20 minutes from Granbury, Lake Granbury, and shopping areas. Tolar schools are about 10 minutes away, as is Lipan. Fort Worth is accessible in just over an hour, and DFW airport is within approximately 1.5 hours. The property is located at 503 Hollow Drive, Tolar, TX 76476.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tolar
    County
    Hood
    State
    Texas
    Longitude
    -97.9032
    Latitude
    32.3533

    Nearby Similar for Sale

    • $670,000

      Tolar, TX Live-Work Opportunity

      2.29-acre fenced property with live-work space and shop.
      7703 Prairie Creek Lane, Tolar, TX 76476
      View Details
    • $599,500

      Tolar Warehouse with Office

      3000 square foot warehouse with office on two acres.
      834 Riley Lane, Tolar, TX 76476
      View Details
    • $500,000

      Prime Tolar Retail Opportunity

      Main Street location ideal for restaurant or retail ventures.
      8718 W US Highway 377, Tolar, TX 76476
      View Details
    • $2,550,000
      3,842 SF

      Picturesque Ranch with Multiple Homes

      Legacy property on 42 acres with lodge-style main home.
      1000 Billings Road, Tolar, TX 76476
      View Details
    • $369,000

      Tolar, TX Ag Exempt Land

      12.34 acre Ag Exempt property ideal for livestock or agriculture.
      2701 Powell Cemetery Road, Tolar, TX 76476
      View Details
    • $119,900

      Unimproved Land in Tolar, Texas

      2.003 acre land in Tolar ISD, restricted for quality.
      1900 Coleman Ranch Road, Tolar, TX 76476
      View Details
    • $115,000

      Unrestricted Land in Tolar, TX

      2.25 acres of unrestricted land perfect for rural living.
      6510 Harkins Court, Tolar, TX 76476
      View Details
    • $119,900

      Land in Tolar ISD

      2-acre tract in Sturlin Oaks, Tolar, TX.
      1924 Coleman Ranch Road, Tolar, TX 76476
      View Details
    • $119,900

      Land in Tolar ISD

      2-acre tract in Sturlin Oaks, Tolar, TX.
      1918 Coleman Ranch Road, Tolar, TX 76476
      View Details
    • $150,000

      Ready-to-Build Land with Utilities

      2+ acre parcel with well and electric in place.
      2832-a Campbell Road, Tolar, TX 76476
      View Details
    • $969,420

      32 Acres of Unimproved Land

      32+ acres in Tolar, TX, ideal for homestead or farm.
      10000 Colony Road, Tolar, TX 76476
      View Details
    • $95,000

      Residential Land in Tolar, TX

      1.138-acre lot in Estates of Rattler Ranch community.
      2203 Rattler Way, Tolar, TX 76476
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3-acre build site in Tolar ISD with utilities.
    Where is this residential land & home lot located?
    The property is located at 503 Hollow Drive Tolar, TX.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Stunning Texas views and peaceful country living; Located in the highly desirable Tolar ISD; Conveniently located: just 20 minutes from Granbury and Lake Granbury
    (817) 279-6996
    We can help!
    Listing Contact
    Erin Warner
    Real Estate License ID: 0773438
    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
    503 Hollow Drive, Tolar, TX 76476
    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!