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

    905 Medaris Way Azle, TX 76020

    View on Map
    For Sale
    Under Contract
    $122,900

    Unimproved Land - Azle, TX

    Type:Unimproved Land
    Lot size:
    1.00 Acre
    Added:
    Mar 17, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for 905 Medaris Way

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    R000122818
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Expense value
    100
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kacey Huggins
    Kacey Huggins

    Listing agent Kacey Huggins

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

    Listing date Mar 17, 2026

    MLS# 20871873 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

    Cleared Land with Pond View

    Located in the Calhoun Acres subdivision of Azle, Texas, this 1-acre lot presents an opportunity to build a custom home. The property is cleared and ready for construction, offering a serene pond view. Situated within the Azle Independent School District, the location combines rural charm with convenient access to city amenities. The property allows for the creation of a custom home, pool, and shop. Commuters will find Azle conveniently located approximately twenty minutes from both Fort Worth and Weatherford.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Azle
    County
    Parker
    State
    Texas
    Longitude
    -97.603159
    Latitude
    32.867565

    Nearby Similar for Sale

    • $950,000

      Commercial Land on FM 730

      Prime commercial land in rapidly growing Azle corridor.
      1129 Boyd Road, Azle, TX 76020
      View Details
    • $950,000

      Prime Commercial Land in Azle

      High-visibility commercial property with redevelopment potential near Azle High School.
      1129 Boyd Road, Azle, TX 76020
      View Details
    • $300,000

      Pelican Bay Commercial Lot Near Lake

      1.28-acre commercial lot near Eagle Mountain Lake in Pelican Bay.
      1350 Sandy Beach Road, Pelican Bay, TX 76020
      View Details
    • $585,000

      Prime Land in Azle, TX

      9 acres of high exposure land along FM 730.
      14400 N FM 730, Azle, TX 76020
      View Details
    • $535,000

      Prime Commercial Land in Azle, TX

      2.31 acres with high visibility on Jacksboro Highway frontage.
      936 Southeast Parkway, Azle, TX 76020
      View Details
    • $350,000

      Prime Commercial Land in Azle

      3.68-acre commercial tract with high visibility and development potential.
      Lot 143 Blk 4 Veal Station Road, Azle, TX 76020
      View Details
    • $425,000

      Prime Commercial Land in Azle, TX

      Spacious land with excellent frontage, ideal for future development.
      1716 Southeast Parkway, Azle, TX 76020
      View Details
    • $650,133

      3.98 Acres on FM 730

      3.98 acres with road frontage near Boyd, Texas.
      6697 S Fm 730, Azle, TX 76020
      View Details
    • $649,900

      Azle Live-Work Barndominium on Acres

      Unique live-work property on 2.93 acres near Eagle Mountain Lake.
      134a Cedar Creek Drive, Azle, TX 76020
      View Details
    • $999,999

      Lakefront Lot on Eagle Mountain

      Lakefront lot with 205 feet of shoreline.
      12424 Lake Forest Drive, Azle, TX 76020
      View Details
    • $395,000

      Commercial Land in Azle, TX

      1.547 acre commercial lot in a busy corridor.
      11540 Fm 730 N, Azle, TX 76020
      View Details
    • $3,250,000

      Turnkey Multifamily Investment Opportunity

      Fully leased residential community on 10 acres in Azle.
      7718 FM 1886, Azle, TX 76020
      View Details

    FAQs

    What type of property is this?
    Land - One-acre lot in Azle, TX, ready for custom home.
    Where is this land located?
    The property is located at 905 Medaris Way Azle, TX.
    What is the asking price?
    The asking price for this property is $122,900.
    What are key features of this property?
    This property features: Spacious 1‑acre cleared lot ready to build.; Serene pond view in the backyard.; Located in the desirable Calhoun Acres subdivision.
    (817) 279-6996
    We can help!
    Listing Contact
    Kacey Huggins
    Kacey Huggins
    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!