Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Scenic 16.7-Acre Retreat in Pilot Point Title is generated by Realmo AI

    9213 Scenic Drive, Pilot Point, TX 76258

    View on Map
    Claim this Listing
    For Sale
    $2,422,300

    Improved Land - Pilot Point, TX

    Lot size:
    16.71 Acres
    Added:
    Jul 21, 2025
    Days on Market:
    307
    Last Refresh:
    May 23 at 12:06 pm

    Property Features for 9213 Scenic Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Balcony, Fire Pit, Garden(s), Rain Gutters, Lighting, Storage, Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    R123048
    Lot size
    16.71 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1996
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Sarah Boyd

    Listing agent Sarah Boyd License #0583766

    Listing office Sarah Boyd & Co 113 S. Jefferson Street, Valley View, TX

    Listing date Jul 21, 2025

    MLS# 21006994 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

    • 16.7‑acre private retreat, offering hilltop building sites with scenic views just 45 minutes from Dallas.
    • Custom‑built barndominium featuring a versatile unfinished first floor and spacious second‑floor residence.
    • Four comfortable bedroom suites, vaulted living room, large kitchen, dining area, and master suite with office.
    • Charming bunkhouse with a massive deck.
    • Abundant native wildlife on property, with excellent fishing at nearby Lake Ray Roberts and outdoor activities at Isle du Bois State Park.
    • Wildlife exemption offering lower property taxes.

    Overview

    This 16.7-acre property, located 45 minutes north of downtown Dallas, offers hilltop building sites suitable for a custom home with views of pastures and wooded areas. It features a custom-built barndominium with a versatile unfinished first floor and a second-floor residence. The residence includes an open floor plan, a vaulted living room, four bedroom suites, a large kitchen and dining area, and a master suite with an office. A bunkhouse with a large deck is also present on the property. The land is home to native wildlife, and Lake Ray Roberts is nearby for fishing. Isle du Bois State Park, offering biking, hiking, and horseback riding trails, is also located close to the property. The historic downtown Pilot Point is just minutes away. The property is located within the Aubrey or Pilot Point Independent School District. The property is lightly deed restricted to maintain the area's integrity and has a wildlife exemption for lower property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Pilot Point
    County
    Denton
    State
    Texas
    Longitude
    -97.012512
    Latitude
    33.339684

    Nearby Similar for Sale

    • $659,000

      Historic Retail Building in Pilot Point

      Charming 1882 building in historic Pilot Point town square.
      109 S Jefferson Street, Pilot Point, TX 76258
      View Details
    • $455,000

      Versatile Commercial Property on Highway

      High-visibility commercial property ideal for diverse business opportunities.
      520 S Highway 377, Pilot Point, TX 76258
      View Details
    • $1,590,000

      Highway 377 Commercial Property

      Commercial property with highway access in a growing North Texas market.
      1200 S Highway 377, Pilot Point, TX 76258
      View Details
    • $569,000
      2,298 SF

      Equipped Horse and Livestock Property

      Boutique horse and livestock property on 2.817 acres near Lake Ray Roberts.
      11975 Massey Road, Pilot Point, TX 76258
      View Details
    • $250,000

      Half Acre Corner Commercial Lot

      Corner lot in downtown Pilot Point, zoned C2.
      209 N Hill Street, Pilot Point, TX 76258
      View Details
    • $885,000

      HVAC Industrial Building in Pilot Point

      Clean, fully HVAC building with quality interior finishes.
      1208 N Industrial Boulevard, Pilot Point, TX 76258
      View Details
    • $499,000

      Pilot Point Duplex with Yard

      Duplex in Pilot Point with fenced yards and great location.
      216 & 220 E Walcott Street, Pilot Point, TX 76258
      View Details
    • $1,350,000

      Historic Pilot Point Commercial Property

      Landmark commercial property in historic downtown Pilot Point, Texas.
      111 E Liberty Street, Pilot Point, TX 76258
      View Details
    • $1,740,420
      4,449 SF

      Pilot Point Ranch with Acreage

      18.75 acre ranch featuring a custom 2-story brick house.
      11410 Massey Road, Pilot Point, TX 76258
      View Details
    • $1,179,000

      Historic Retail Building on Town Square

      Charming retail building in historic Pilot Point town square.
      115 S Jefferson Street, Pilot Point, TX 76258
      View Details
    • $775,000

      Prime Land in Pilot Point

      9.45-acre tract ideal for investment or residential development.
      Tba W Holford, Pilot Point, TX 76258
      View Details
    • $335,900

      Prime Commercial Land Opportunity

      Commercial land across from McDonald's with future expansion potential.
      Tbd 377 Highway, Pilot Point, TX 76258
      View Details

    FAQs

    What type of property is this?
    Land - Private retreat with hilltop views, barndominium, and bunkhouse near Dallas.
    Where is this land located?
    The property is located at 9213 Scenic Drive Pilot Point, TX.
    What is the asking price?
    The asking price for this property is $2,422,300.
    What are key features of this property?
    This property features: 16.7‑acre private retreat, offering hilltop building sites with scenic views just 45 minutes from Dallas.; Custom‑built barndominium featuring a versatile unfinished first floor and spacious second‑floor residence.; Four comfortable bedroom suites, vaulted living room, large kitchen, dining area, and master suite with office.
    (940) 202-0028
    We can help!
    Listing Contact
    Sarah Boyd
    Real Estate License ID: 0583766
    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
    9213 Scenic Drive, Pilot Point, TX 76258
    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!