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    Tbd Mitchell Rd Krum, TX 76249

    Sponsored
    For Sale
    $4,350,000

    Unimproved Land - Krum, TX

    Type:Unimproved Land
    Property size:
    5,600 SF
    Lot size:
    42.70 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 24 at 10:06 pm

    Property Features for Tbd Mitchell Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R660822
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Rain Gutters, Lighting, Private Yard, Stable/Barn, Storage, Other, Fence
    Fencing
    Fenced
    Fireplace
    1
    Size
    5,600 SF
    Lot size
    42.70 Acres

    Utilities

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

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s), Stable(s), Storage

    We can help!

    Listing Contact
    Michael Hershenberg

    Real Broker LLC (214) 202-7615

    Listing agent Michael Hershenberg (855) 450-0442 License #0668097

    Listing date Jan 23, 2026

    MLS# 21160097 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.

    Learn more

    Overview

    Krum, TX Unimproved Land

    This approximately 42-acre property in Krum, Texas, offers a blend of open land, equestrian facilities, and residential living, located minutes from Denton and US-380. The land features prime frontage, rolling pastures, mature trees, and three ponds. Included on the acreage is a residential home built in 2008 with over 5,600 square feet, featuring four bedrooms and three and a half bathrooms. The ranch-style home includes a dedicated home office, a gourmet kitchen flowing into formal and casual dining spaces, and entertainment areas such as a media and game room with a wet bar. Outside, a 40,000-gallon saltwater pool offers panoramic views of the land. Equestrian facilities include a 200x150 arena and 23 indoor stalls with the potential to expand to 40, along with over 9,000 square feet of covered barn and support space. The barn complex includes a heated and air-conditioned 50x40 front barn, west stalls measuring 30x30, a 40x10 wash room with mini-split and water heater, and a spacious tack area with dual mini-split systems. Additionally, there is a 50x100 covered stall area with water, electric, and lighting to each stall, a 24x20 shop with a propane heater and attached 30x40 awning, a 10x40 Conex container with window AC and electric, and a small shed connected to the west stalls. A functioning well and aerobic system support the property. The expansive acreage and road frontage provide flexibility for future development, agricultural use, or a private estate.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Krum
    County
    Denton
    State
    Texas
    Longitude
    -97.313
    Latitude
    33.2811

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    FAQs

    What type of property is this?
    Horse & equestrian property - 42-acre property with equestrian facilities and residential home near Denton.
    Where is this horse & equestrian property located?
    The property is located at Tbd Mitchell Rd Krum, TX.
    What is the asking price?
    The asking price for this property is $4,350,000.
    What are key features of this property?
    This property features: - 42-acre property ideal for equestrian use, featuring a **200X150 arena, 23 indoor stalls (expandable to 40), and over 9,000 SF of covered barn & support space.**; - Enjoy a **5,600+ SF, 4-bed, 3.5-bath home** with a gourmet kitchen, dedicated office, media/game room with wet bar, and a 40,000-gallon saltwater pool.; - Extensive barn complex includes heated/air-conditioned front barn, wash room, spacious tack area, covered stall area with utilities, shop, and storage container.
    (855) 450-0442
    Request Owner's contact information
    Tbd Mitchell Rd Krum, TX 76249
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    Krum, TX 76249
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    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
    Tbd Mitchell Rd Krum, TX 76249
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    We can help!
    Listing Contact
    Michael Hershenberg
    Real Estate License ID: 0668097
    (855) 450-0442
    Learn more
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