Sign Up Successful!
You now have access to more from Realmo!
    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

    613 Colts Neck Ct Colleyville, TX 76034

    Sponsored
    For Sale
    $575,000

    Improved Land - Colleyville, TX

    Lot size:
    0.68 Acres
    Days on Market:
    38
    Last Refresh:
    Feb 8 at 2:06 am

    Property Features for 613 Colts Neck Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    03119009
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Private Yard, Rv/Boat Parking, Fence
    Fencing
    Fenced
    Fireplace
    1
    Lot size
    0.68 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s), Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Zoned

    Building Details

    Year built
    1973
    Architectural style
    Other
    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Kelly Barz
    Kelly Barz

    The Michael Group, LLC (214) 692-6400

    Listing agent Kelly Barz (817) 577-9000 License #0402231

    Listing date Jan 2, 2026

    MLS# 21043512 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

    Property Insight Report

    Overview

    Residential Land in Colleyville, TX

    This property features a flat, treed lot, sized at approximately 0.682 acres, situated in a quiet community surrounded by estate homes off LD Lockett from Pleasant Run. The location provides convenient access to Precinct Line Road and Highway 26. Existing structures include a home, RV garage, hot tub pergola, and cabana with bathrooms, all offered in AS IS condition. The property is suitable for demolition and new construction, with potential salvage value from existing mechanical systems and appliances to offset demolition costs. The home is in livable condition and connected to city water and sewer. It features a new roof, solid slab foundation, two functioning gas water heaters, three Trane HVAC units, kitchen appliances, a custom front door, and a reusable jet tub in the master bathroom. The property is located in Colleyville, Tarrant County, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    National Astrology Association Association Or Organization United Care USA ... Charitable Organization

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply 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
    -97.176804
    Latitude
    32.894475

    Nearby Similar for Sale

    • New
      $1,445,000
      0.30 Acres

      Colleyville Stand-Alone Building For Sale

      Stand-alone building suitable for various commercial and office purposes.
      5017 Colleyville Blvd, Colleyville, TX 76034
      View Details
    • $379,000
      0.03 Acres

      Colleyville Office Property For Sale

      Commercial property in a prime location, perfect for office use.
      7137 Colleyville Blvd, Colleyville, TX 76034
      View Details
    • $1,250,000
      0.51 Acres

      Colleyville Office Investment Opportunity

      Partially leased office space with long-term income potential.
      8508 Precinct Line Rd, Colleyville, TX 76034
      View Details
    • Contact for pricing
      2,631 SF

      Colleyville Office Space For Sale

      Open concept office space in the Villages of Colleyville community.
      99 Main St, Colleyville, TX 76034
      View Details
    • $6,625,000
      27,507 SF

      Colleyville Retail Investment Opportunity

      NN leased auto shop with over 7 years remaining.
      5900 Colleyville Blvd, Colleyville, TX 76034
      View Details
    • Contact for pricing
      10,700 SF

      Colleyville Medical Office Investment

      Single-tenant medical office building in a prosperous Colleyville location.
      4301 Brown Trl, Colleyville, TX 76034
      View Details
    • Contact for pricing
      5,418 SF

      NNN Leased Shopping Center

      100% leased shopping center with strong demographics and upside potential.
      3919 Colleyville Blvd, Colleyville, TX 76034
      View Details
    • Contact for pricing
      7,354 SF

      Renovated Restaurant on 1.94 Acres

      7,354 SF restaurant with bar, patio, and pylon signage.
      5220 State Highway 121, Colleyville, TX 76034
      View Details
    • Contact for pricing
      773 SF

      Medical Office Condo Investment

      773 SF medical office condo near Glade Parks shopping center.
      5209 Heritage Ave, Colleyville, TX 76034
      View Details
    • Contact for pricing
      5,000 SF

      Colleyville Office Buildings For Sale

      Office buildings with shell/turnkey options, available Summer 2025.
      8054 Precinct Line Rd, Colleyville, TX 76034
      View Details
    • $965,000
      3,930 SF

      Remodeled Colleyville Office/Warehouse Space

      Remodeled flex space in Colleyville with CC-3 zoning.
      120 Acuff Ln, Colleyville, TX 76034
      View Details
    • $1,244,950
      7,114 SF

      Colleyville Office Space For Sale

      7,114 SF office space in the Village at Colleyville.
      85 Village Ln, Colleyville, TX 76034
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Flat, treed lot for new home construction in Colleyville.
    Where is this residential land & home lot located?
    The property is located at 613 Colts Neck Ct Colleyville, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Large, flat, treed lot (just under an acre) in a quiet community of estate homes - perfect for new construction.; - Centrally located with quick access to major roads (Precintline or Hwy 26).; - City water and sewer connected.
    (214) 692-6400
    Request Owner's contact information
    613 Colts Neck Ct Colleyville, TX 76034
    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.
    613 Colts Neck Ct
    Colleyville, TX 76034
    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
    613 Colts Neck Ct Colleyville, TX 76034
    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
    Kelly Barz
    Kelly Barz
    Real Estate License ID: 0402231
    (214) 692-6400
    Learn more
    Google sign-in failed. Please try again or use another login method.