Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale in Texas Title is generated by Realmo AI

    Hillside Drive lot 5, West Tawakoni, TX 75474

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - West Tawakoni, TX

    Lot size:
    0.18 Acres
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 8:06 pm

    Property Features for Hillside Drive lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    47982
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Description
    S3625 INDIAN OAKS ADDITION BLK 6 LOT 5 ACRES
    Tax Annual Amount
    494

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kathy Hobbs

    Listing agent Kathy Hobbs License #0417256

    Listing office Exit Realty Pinnacle Group Quinlan, TX

    Listing date May 29, 2026

    MLS# 21219875 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

    • Location: Coordinates (-96.02578, 32.906216) provide a precise reference point.
    • Additional property details are available.
    • Description highlights the property's features, layout, and condition.
    • Overall appeal aims to attract potential buyers.
    • Key amenities enhance the living experience.
    • Unique features set this property apart.

    Overview

    This is an unimproved land lot located in West Tawakoni, Hunt County, Texas. The lot has a size of 0.182 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    West Tawakoni
    County
    Hunt
    State
    Texas
    Longitude
    -96.02578015
    Latitude
    32.90621451

    Nearby Similar for Sale

    • $525,000

      Restaurant and Bar Redevelopment Site

      Restaurant and bar building with outdoor patio on a large lot, ready for remodel or new construction.
      1433 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $139,000

      Live-Work Building with Commercial Zoning

      Zoned commercial, currently residential, with a flexible interior that can convert to office space near high-traffic Hwy 276.
      1116 E State Hwy 276, West Tawakoni, TX 75474
      View Details
    • $190,000

      Commercial Lot on Golf Course Frontage

      Shovel-ready commercial lot with city water and sewer, positioned for visibility near a golf course and lake area traffic.
      1470 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $1,800,000

      Stabilized Mobile Home Park Investment

      100% occupied park with seller-owned units and annual leases, delivering consistent rental income with value-add upside.
      300 W Rabbit Cove Road, West Tawakoni, TX 75474
      View Details
    • $235,000

      Commercial Land with Utilities Meters

      Highly visible tract on Highway 276 with electric and water meters for future commercial development, pending approvals.
      617 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $189,500

      West Tawakoni Unimproved Land

      Approximately 1.241 acre commercial land for sale in West Tawakoni.
      101 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $190,000

      Commercial Land Near Golf Course

      Commercial lot on busy Hwy 276 near Deer Run Golf Course, with city water and sewer available.
      Hwy 276 lot: 20, West Tawakoni, TX 75474
      View Details
    • $170,000

      Corner Commercial Development Land

      Multi-lot corner parcel with road frontage on three sides and flexible residential and commercial zoning options.
      1301 Tawakoni Drive, West Tawakoni, TX 75474
      View Details
    • $190,000

      Commercial Lot on Busy Highway

      Build-ready commercial land positioned along a high-traffic corridor near Deer Run Golf Course and Lake Tawakoni.
      Hwy 276 lot: 21, West Tawakoni, TX 75474
      View Details
    • $190,000

      Commercial Lot on Main Highway

      Developable parcel with city utilities available and frontage across from a golf course at Lake Tawakoni.
      Hwy 276 lot: 17, West Tawakoni, TX 75474
      View Details
    • $190,000

      Commercial Land Lot Off Highway 276

      Commercial lot with utilities available, positioned along a busy highway fronting Deer Run Golf Course.
      Hwy 276 lot: 19, West Tawakoni, TX 75474
      View Details
    • $326,000

      Corner Commercial Land with Highway Frontage

      2.5-acre corner lot with substantial road frontage on a primary state highway, suited for commercial development.
      2.50+/-Ac Highway 276, West Tawakoni, TX 75474
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land available in West Tawakoni, Texas.
    Where is this land located?
    The property is located at Hillside Drive lot 5 West Tawakoni, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Location: Coordinates (-96.02578, 32.906216) provide a precise reference point.; Additional property details are available.; Description highlights the property's features, layout, and condition.
    (972) 741-2421
    We can help!
    Listing Contact
    Kathy Hobbs
    Real Estate License ID: 0417256
    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
    Hillside Drive lot: 5, West Tawakoni, TX 75474
    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!