Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Land on Highway 377 Title is generated by Realmo AI

    Tbd Highway 377, Aubrey, TX 76227

    View on Map
    Claim this Listing
    For Sale
    $5,250,000

    Unimproved Land - Aubrey, TX

    Type:Unimproved Land
    Lot size:
    30.40 Acres
    Added:
    Jan 19, 2026
    Days on Market:
    134
    Last Refresh:
    Jun 2 at 4:06 am

    Property Features for Tbd Highway 377

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    191232
    Lot size
    30.40 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Montagna

    Listing agent Steve Montagna License #0592952

    Listing office Steve Montagna Real Estate LLC 454 Keller Parkway, Keller, TX

    Listing date Jan 19, 2026

    MLS# 20849966 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

    • Over 30 acres directly on Highway 377 with thru access and frontage on Liberty Road.
    • Located in one of the Top 10 fastest‑growing counties.
    • Tremendous visibility and accessibility in a rapidly growing area.
    • Less than two miles from Highway 380 and just north of the intersection of Highway 377 and FM 424.
    • Proximity to major retailers: Wal‑Mart, Atwoods, Tractor Supply, Chik‑Fil‑A, McDonalds and Starbucks.
    • DFW International Airport just 33 miles away.

    Overview

    This property features over 30 acres situated directly on Highway 377, offering access and frontage on Liberty Road. Located just north of the Highway 377 and FM 424 intersection, it is less than two miles from Highway 380. The site benefits from proposed nearby mixed-use developments in a rapidly growing area, providing visibility and accessibility. Positioned in one of the top 10 fastest-growing counties, this property is suited for businesses aiming to capitalize on regional growth. Nearby retailers include Wal-Mart, Atwoods, Tractor Supply, Chick-Fil-A, McDonalds, and Starbucks. The community is experiencing expansive new residential developments, with many new projects recently built and currently underway. Residents are drawn to the area's country feel, with access to shopping amenities and services. DFW International Airport is 33 miles away, offering connectivity for residents and businesses. An additional 7 acres of connected, hard-corner land with open zoning is also available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Aubrey
    County
    Denton
    State
    Texas
    Longitude
    -96.9865173
    Latitude
    33.2508371

    Nearby Similar for Sale

    • $599,999

      Aubrey Land Development Opportunity

      2+ acre parcel in fast-growing Aubrey corridor.
      6250 Mcnatt Road, Aubrey, TX 76227
      View Details
    • $585,000
      2,174 SF

      Aubrey Ranch Home on Acreage

      Ranchette with updated home, pastures, and barn near city.
      7808 ILESON Road, Aubrey, TX 76227
      View Details
    • $480,000

      New Retail Building on Highway

      New retail suites available for sale on busy Highway 377.
      501 Pine Ridge Drive, Aubrey, TX 76227
      View Details
    • $925,000

      Unrestricted Land on Major Thoroughfare

      Rare 3-acre unrestricted land ideal for industrial or retail.
      8673 Stewart Rd, Aubrey, TX 76227
      View Details
    • $925,000

      Unrestricted Land on Major Thoroughfare

      Rare 3-acre unrestricted land ideal for industrial or retail use.
      8677 Stewart Rd, Aubrey, TX 76227
      View Details
    • $1,600,000

      Prime Investment Land in Aubrey, TX

      5.675-acre tract along Denton-Collin County Outer Loop alignment.
      11698 Fm 428, Aubrey, TX 76227
      View Details
    • $1,000,000

      Versatile Property with Multiple Living Units

      Property featuring three separate living structures, ideal for investment.
      4768 Pebble Creek Drive, Aubrey, TX 76227
      View Details
    • $419,816

      Commercial Pad Ready For Development

      Commercial pad with utilities available in a high-traffic retail corridor.
      0.652 Ac PINE RIDGE Lane, Aubrey, TX 76227
      View Details
    • $5,900,000
      9,044 SF

      Luxury Estate in Horse Country

      A 42-acre estate with luxury home and equestrian facilities.
      1950 W Sherman Drive, Aubrey, TX 76227
      View Details
    • $1,850,000

      Unrestricted Land on Major Thoroughfare

      Rare unrestricted land ideal for industrial or retail use.
      Tbd-lot 4 Stewart Rd, Aubrey, TX 76227
      View Details
    • $3,900,000

      Prime Investment Land in Aubrey, TX

      17.858-acre investment tract along the Denton-Collin County Outer Loop.
      11806 Fm 428, Aubrey, TX 76227
      View Details
    • $427,400

      Land Near Lake Ray Roberts

      4.6 acre tract suitable for various development projects.
      9520 Fm 2153, Aubrey, TX 76227
      View Details

    FAQs

    What type of property is this?
    Commercial land - 30+ acres on Highway 377 in rapidly growing Aubrey.
    Where is this commercial land located?
    The property is located at Tbd Highway 377 Aubrey, TX.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: Over 30 acres directly on Highway 377 with thru access and frontage on Liberty Road.; Located in one of the Top 10 fastest‑growing counties.; Tremendous visibility and accessibility in a rapidly growing area.
    (214) 998-9001
    We can help!
    Listing Contact
    Steve Montagna
    Real Estate License ID: 0592952
    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

    Thank You for Inquiry
    Tbd Highway 377, Aubrey, TX 76227
    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!