Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Residential Lots Available Title is generated by Realmo AI

    Smith Dr, Howardwick, TX 79226

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Residential Lot - Howardwick, TX

    Added:
    Aug 25, 2025
    Days on Market:
    281
    Last Refresh:
    Jun 1 at 7:06 am

    Property Features for Smith Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Hailey Callaway

    Listing agent Hailey Callaway License #708781

    Listing office Texas Made Realty 810 W. Foster, Pampa, TX

    Listing date Aug 25, 2025

    MLS# 25-14474 Listing URL

    Copyright © 2026 Pampa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two Vacant Lots
    • Utilities Accessible for ease of development
    • Opportunity to Build your dream home or investment property
    • Plenty of Space to Build
    • Quiet Community
    • Suitable for New Home or Investment Property

    Overview

    Two vacant lots are available, offering an opportunity for construction in a quiet community. The lots provide ample space for building a new home or investment property. Utilities are accessible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Howardwick
    County
    Donley
    State
    Texas
    Longitude
    -100.903264
    Latitude
    35.026225

    Nearby Similar for Sale

    • $3,500

      Vacant Lots in Howardwick, TX

      Two vacant lots near Lake Greenbelt and Clarendon Country Club.
      Rick Husband Boulevard, Howardwick, TX 79226
      View Details
    • $5,899

      Cleared Land Near Greenbelt Lake

      Ready-to-build 0.23-acre lot near Greenbelt Lake in Howardwick, TX.
      Lots 32-33 Mollybee Drive, Howardwick, TX 79226
      View Details
    • $3,500

      Vacant Lots in Howardwick, TX

      Two vacant lots near Lake Greenbelt and Clarendon Country Club.
      Rick Husband, Howardwick, TX 79226
      View Details
    • $9,500

      Vacant Land in Howardwick, Texas

      Four vacant lots near Lake Greenbelt and Clarendon Country Club.
      91 Janny Drive, Howardwick, TX 79226
      View Details
    • $4,500

      Vacant Land in Howardwick, TX

      Two vacant lots near Lake Greenbelt and Clarendon Country Club.
      228 Brown Drive, Howardwick, TX 79226
      View Details
    • $9,500

      Residential Lots in Howardwick, Texas

      Four vacant residential lots available in Howardwick, Texas.
      91 Janny Dr, Howardwick, TX 79226
      View Details
    • $4,200

      Land Near Lake Greenbelt

      Two vacant lots near Lake Greenbelt and Clarendon Country Club.
      299 Douglas Drive, Howardwick, TX 79226
      View Details
    • $2,500

      Vacant Lot in Howardwick, TX

      Vacant lot near Lake Greenbelt and Clarendon Country Club.
      378 Sharon Drive, Howardwick, TX 79226
      View Details
    • $2,500

      Vacant Lot in Howardwick, TX

      Vacant lot near Lake Greenbelt and Clarendon Country Club.
      416 Dana Drive, Howardwick, TX 79226
      View Details
    • $2,500

      Vacant Lot in Howardwick, TX

      Vacant lot near Lake Greenbelt and Clarendon Country Club.
      104 Molly Bee Drive, Howardwick, TX 79226
      View Details
    • $2,500

      Vacant Lot in Howardwick, TX

      Vacant land near Lake Greenbelt and Clarendon Country Club.
      418 Dana Drive, Howardwick, TX 79226
      View Details
    • $6,500

      Residential Land Near Reservoir

      Land near the Reservoir with utilities available for building.
      000 Molly Bee, Howardwick, TX 79226
      View Details

    FAQs

    What type of property is this?
    Land - Two vacant lots with utilities, ready for new construction.
    Where is this land located?
    The property is located at Smith Dr Howardwick, 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: Two Vacant Lots; Utilities Accessible for ease of development; Opportunity to Build your dream home or investment property
    (806) 367-0194
    We can help!
    Listing Contact
    Hailey Callaway
    Real Estate License ID: 708781
    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
    Smith Dr, Howardwick, TX 79226
    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!