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

    Tract 1 Hwy 287 Commercial Development Dumas, TX 79029

    View on Map
    For Sale
    $224,878

    LAND - Dumas, TX

    Lot size:
    2.95 Acres
    Added:
    Jan 9, 2026
    Days on Market:
    84
    Last Refresh:
    Apr 3 at 11:06 pm

    Property Features for Tract 1 Hwy 287 Commercial Development

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    79365
    Lot size
    2.95 Acres

    Taxes and HOA fees

    Tax Description
    LOT 1 BLK 1 UNIT 1 PRIME 2.95 ACS

    We can help!

    Listing Contact
    JT Haynes

    Listing agent JT Haynes License #0458326

    Listing office Triangle Realty, LLC 7669 Canyon Drive, Amarillo, TX

    Listing date Jan 9, 2026

    MLS# 25-1510

    Copyright © 2026 Amarillo Association 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.

    Overview

    Prime Commercial Land in Dumas

    This 2.95-acre commercial development opportunity offers a strategic location and infrastructure suitable for business ventures. The property is positioned to maximize visibility and accessibility. Features include highway frontage and city amenities. The infrastructure is well-maintained. The location recorded a traffic count of 12,244 vehicles passing by daily in 2022. The property is located in Dumas, TX.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Dumas
    County
    Moore
    State
    Texas
    Longitude
    -101.958
    Latitude
    35.8084

    Nearby Similar for Sale

    • $325,000
      9,199 SF

      High-Visibility Commercial Property in Dumas

      Versatile commercial space in a prime, high-traffic location.
      505 N DUMAS Avenue, Dumas, TX 79029-2417
      View Details
    • $395,000
      3,780 SF

      Versatile Commercial Property in Dumas

      Two-story commercial property with retail and functional workspace.
      500 S Bliss Avenue, Dumas, TX 79029
      View Details
    • $298,000
      7,080 SF

      Downtown Dumas Commercial Property

      Commercial property in Downtown Dumas featuring a shop and office.
      823 S Dumas Avenue, Dumas, TX 79029
      View Details
    • $119,500
      4,004 SF

      Retail Property in Dumas, Texas

      Retail space available in Dumas, Texas, near hospital.
      206 S BLISS Avenue, Dumas, TX 79029-3806
      View Details
    • $153,331

      Prime Commercial Land Opportunity

      Strategic location with ideal infrastructure for business venture.
      Tract 3 Hwy 287 Commercial Development, Dumas, TX 79029
      View Details
    • $150,280

      Prime Commercial Development Opportunity

      Commercial land for sale with highway frontage and city amenities.
      Tract 4 Hwy 287 Commercial Development, Dumas, TX 79029
      View Details
    • $150,282

      Prime Commercial Development Opportunity

      Commercial land for sale with high visibility and accessibility.
      Tract 5 Hwy 287 Commercial Development, Dumas, TX 79029
      View Details
    • $153,331

      Prime Commercial Development Opportunity

      Commercial land for sale with high traffic and city amenities.
      Tract 3 Hwy 287 Commercial Development, Dumas, TX 79029
      View Details
    • $150,282

      Commercial Land on Highway 287

      Prime commercial land with highway frontage and city amenities.
      Tract 5 Hwy 287 Commercial Development, Dumas, TX 79029
      View Details
    • $148,975

      Commercial Land on Highway 287

      Prime commercial land with highway frontage and high traffic volume.
      Tract 2 Hwy 287 Commercial Development, Dumas, TX 79029
      View Details
    • $148,975

      Prime Commercial Land Opportunity

      Commercial land for sale with high traffic visibility.
      Tract 2 Hwy 287 Commercial Development, Dumas, TX 79029
      View Details
    • $224,878

      Prime Commercial Development Opportunity

      Commercial land for sale in Dumas, TX with highway frontage.
      Tract 1 Hwy 287 Commercial Development, Dumas, TX 79029
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.95 acres of commercial land with highway frontage.
    Where is this commercial land located?
    The property is located at Tract 1 Hwy 287 Commercial Development Dumas, TX.
    What is the asking price?
    The asking price for this property is $224,878.
    What are key features of this property?
    This property features: Strategic location with **high visibility and accessibility**; **Highway frontage** for maximum exposure; Well‑maintained infrastructure ready for business development
    (806) 367-8334
    We can help!
    Listing Contact
    JT Haynes
    Real Estate License ID: 0458326
    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!