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

    9827 Fort Worth Drive Argyle, TX 76226

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,174,860

    Unimproved Land - Argyle, TX

    Type:Unimproved Land
    Lot size:
    6.53 Acres
    Added:
    Mar 22, 2023
    Days on Market:
    1124
    Last Refresh:
    Apr 18 at 6:06 pm

    Property Features for 9827 Fort Worth Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    R73909
    Lot size
    6.53 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Scott Brown

    Listing agent Scott Brown License #0389414

    Listing office Scott Brown Properties, Inc 1400 Dallas Drive, Denton, TX

    Listing date Mar 22, 2023

    MLS# 20127983 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

    6.5 AC Land on Hwy 377

    This property features 6.527 acres of unimproved land with frontage on Hwy 377, located 0.8 miles north of the Crawford Rd and 377 intersection. The property is currently zoned R4, with approximately 25% situated in the ETJ. It includes four single-family rental units and one 3,200 square foot industrial building. The property is located in Argyle, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Nail Salon Gym & Fitness Center Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Argyle
    County
    Denton
    State
    Texas
    Longitude
    -97.175826
    Latitude
    33.135612

    Nearby Similar for Sale

    • $1,650,000
      3,805 SF

      Equestrian Ranch with Guest House

      5.05-acre Argyle ranch featuring main house, guest house, and barn.
      823 Frenchtown Road, Argyle, TX 76226
      View Details
    • $500,000

      Residential Lot in Argyle, TX

      1.132 acre residential lot ready for your custom dream home.
      11244 S Hunter Hill Lane, Argyle, TX 76226
      View Details
    • $499,900

      Argyle Land for Custom Home

      1.23-acre lot in Argyle's 4B Ranch, build your dream home.
      5979 FM 1830, Argyle, TX 76226
      View Details
    • $1,750,000

      15 Acres Development Opportunity, Argyle

      Versatile 15-acre tract in Argyle ISD, Northlake, TX.
      7331 Faught Road, Argyle, TX 76226
      View Details
    • $6,999,990
      5,974 SF

      Argyle Horse Property with Upgrades

      20-acre horse property with extensive facilities and remodeled custom home.
      806 Fm 407 E, Argyle, TX 76226
      View Details
    • $199,999

      Residential Land in Argyle, Texas

      Unimproved lot in Argyle Town Village, near top-rated schools.
      208 Village Way, Argyle, TX 76226
      View Details
    • $714,999

      Argyle ISD Land Ready to Build

      1.755 acre lot in Argyle ISD, ready for construction.
      9897 Macaway Drive, Argyle, TX 76226
      View Details
    • $2,250,000
      2,014 SF

      Argyle Farm/Ranch Opportunity

      35+ acres with 2,000+ sqft home in Argyle, TX.
      8123 Hilltop Road, Argyle, TX 76226
      View Details
    • $695,000

      Two Acre Bartonville Residential Lot

      Two-acre lot backing up to Saddlebrook and HOA pond.
      1501 BRIAN Street, Bartonville, TX 76226
      View Details
    • $700

      Argyle Land Lease Opportunity

      Land lease offering flexibility in Argyle, Texas.
      4251 Thousand Oaks Drive, Argyle, TX 76226
      View Details
    • $700

      Argyle Land Lease Opportunity

      Versatile land lease suitable for manufactured or mobile home installation.
      4251 Thousand Oaks Drive, Argyle, TX 76226
      View Details
    • $660,000

      Copper Canyon Estate Lots Available

      Exclusive 2+ acre estate lots in desirable Copper Canyon, TX.
      Lot 1 Hickory Hill Road, Copper Canyon, TX 76226
      View Details

    FAQs

    What type of property is this?
    Land - 6.5 AC of land with frontage on Hwy 377.
    Where is this land located?
    The property is located at 9827 Fort Worth Drive Argyle, TX.
    What is the asking price?
    The asking price for this property is $1,174,860.
    What are key features of this property?
    This property features: 6. 5 AC available with frontage on Hwy 377; Includes 4 single family rental units; Features a 3,200 SF industrial building
    (940) 243-7368
    We can help!
    Listing Contact
    Scott Brown
    Real Estate License ID: 0389414
    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!