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    Land with Metal Shop and Living Quarters Title is generated by Realmo AI

    806 Old Base Road, Aurora, TX 76078

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    Claim this Listing
    For Sale
    $500,000

    LAND - Other - Aurora, TX

    Property size:
    2,400 SF
    Lot size:
    6.12 Acres
    Price / SF:
    $208/SF
    Added:
    May 16, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 806 Old Base Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Standard status
    Active
    APN
    737421
    Lot size
    6.12 Acres

    Taxes and HOA fees

    Tax Description
    A-314 DR FOUGHT 6.1200 ACRES
    Tax Annual Amount
    3281

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Year built
    1993
    Architectural style
    Other

    We can help!

    Listing Contact
    Angela Webster

    Listing agent Angela Webster License #0704645

    Listing office 6th Ave Homes Fort Worth, TX

    Listing date May 16, 2026

    MLS# 21272832 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

    • 6.12‑acre property in Aurora city limits with level, flat topography
    • Includes a 2,400 SF metal shop building with approximately 950 SF of living quarters
    • Current well and septic tank in place; ag exempt
    • Property includes an all‑weather road and is within Northwest ISD
    • Multiple homesites and multiple septic systems are supported, with city water and sewer nearby for expansion

    Overview

    Set within the Aurora city limits and surrounded by established luxury estates, this 6.12-acre property offers level, usable terrain with wide-open views. A 2,400-square-foot metal shop building anchors the site and includes approximately 950 square feet of living quarters, providing a practical setup for immediate use while planning longer-term improvements. The living space will benefit from some TLC. The property is currently ag exempt and is supported by a well and septic, with flat topography and the ability to accommodate multiple septic systems.

    The land is positioned on an all-weather road and is described as having privacy and flexibility for a range of plans. City water and sewer are noted as nearby for expanded development possibilities. The tract is located within Northwest ISD, with easy access to everyday destinations and regional transportation and recreation within approximately 30 minutes, including Alliance Airport, DFW Airport, and Texas Motor Speedway.

    This offering is a strong fit for buyers seeking a private equestrian or livestock property, a workshop and equipment storage base, or a multi-generational homestead. It also supports longer-range concepts such as single or multiple homesites, depending on a buyer’s development goals and utility planning. Prospective buyers should contact the listing agent for additional details related to zoning and development considerations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Real Estate Agency Spa & Massage Center Building Supply Dental Office Auto Repair Shop Pharmacy Department Store HVAC Service Electronics & Wireless Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Wise
    State
    Texas
    Longitude
    -97.511658
    Latitude
    33.051879

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    FAQs

    What type of property is this?
    Horse & equestrian property - 6.12-acre ag-exempt tract with a metal shop and living quarters, well and septic, suited for horses or future development.
    Where is this horse & equestrian property located?
    The property is located at 806 Old Base Road Aurora, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 6.12‑acre property in Aurora city limits with level, flat topography; Includes a 2,400 SF metal shop building with approximately 950 SF of living quarters; Current well and septic tank in place; ag exempt
    (817) 239-1896
    We can help!
    Listing Contact
    Angela Webster
    Real Estate License ID: 0704645
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    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.

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