Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Forney, TX Title is generated by Realmo AI

    0 Hwy 80, Forney, TX 75126

    View on Map
    Claim this Listing
    For Sale
    $1,024,849

    Commercial land in growing area near Amazon and Goodyear.

    Lot size:
    5.00 Acres
    Added:
    May 2, 2024
    Days on Market:
    760
    Last Refresh:
    May 13 at 8:41 pm

    Property Features for 0 Hwy 80

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    Other

    We can help!

    Listing Contact
    Kim Johnson
    Kim Johnson

    Listing agent Kim Johnson License #0677910

    Listing office RE/MAX Four Corners

    Listing date May 2, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Four Corners

    HighLights

    • Prime commercial land in a growing area
    • Zoned for commercial and residential development
    • Located minutes from Amazon and Goodyear
    • High traffic location: 32,000+ vehicles per day
    • Excellent visibility
    • Just over 5 acres

    Overview

    This commercial land, spanning just over 5 acres, is zoned for both commercial and residential development. It is located minutes from Amazon and Goodyear, near a high-traffic intersection on Highway 80, where traffic counts reach over 32,000 vehicles per day. The property's visibility makes it suitable for businesses seeking a location in Forney, Texas. The land is priced at approximately $5.00 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Forney
    County
    Kaufman
    State
    Texas
    Longitude
    -96.451
    Latitude
    32.7342

    Nearby Similar for Sale

    • $1,400,000
      5,000 SF

      Forney Retail/Warehouse Opportunity

      Versatile building on Broad Street with showroom, offices, and warehouse.
      103 W Broad, Forney, TX 75126
      View Details
    • $1,500,000
      4,420 SF

      Landmark Building in Downtown Forney

      Iconic 4,420 SF building in a thriving downtown district.
      201 N Bois D Arc Street, Forney, TX 75126
      View Details
    • $1,200,000

      Custom Office Building in Forney

      Meticulously maintained office building near Downtown Forney.
      408 Pinson Road, Forney, TX 75126
      View Details
    • $2,900,000

      Car Wash Site in Forney

      Car wash site in fast-growing Forney corridor near major retailers.
      254 Fm 1641, Forney, TX 75126
      View Details
    • $259,900

      Retail Opportunity in Forney, TX

      High-visibility retail property near Downtown Forney with development potential.
      505 E Broad Street, Forney, TX 75126
      View Details
    • $275,000

      Versatile Industrial Space in Forney

      Light industrial space with climate-controlled office in growing Forney.
      305 W Aimee Street, Forney, TX 75126
      View Details
    • $1,193,540
      2,000 SF

      Prime Commercial Land Opportunity Forney

      1.38 acre commercial tract in a high-growth DFW corridor.
      13625 Reeder Road, Forney, TX 75126
      View Details
    • $299,999

      Forney Commercial Land Opportunity

      Prime commercial land in high-visibility Forney location.
      Tbd Lots 9-14 E Broad Street, Forney, TX 75126
      View Details
    • $2,300,000

      Unimproved Land Near Forney, TX

      32.8 acres of unrestricted land near Forney, Texas.
      15530 Wiser Road, No City, TX 75126
      View Details
    • $2,300,000

      Unrestricted Land Near Forney, Texas

      32.8 acres of unrestricted land near IH-20.
      15530 Wiser Road, No City, TX 75126
      View Details
    • $99,900

      Prime Commercial Land in Forney

      Exceptional commercial opportunity in a rapidly growing area.
      507 E Broad Street, Forney, TX 75126
      View Details
    • $598,000
      1,640 SF

      Forney Land with Mobile Home

      9.8 acres in Forney, TX with development potential.
      9420 Old Nacogdoches Trail, Forney, TX 75126
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in growing area near Amazon and Goodyear.
    Where is this commercial land located?
    The property is located at 0 Hwy 80 Forney, TX.
    What is the asking price?
    The asking price for this property is $1,024,849.
    What are key features of this property?
    This property features: Prime commercial land in a growing area; Zoned for commercial and residential development; Located minutes from Amazon and Goodyear
    (972) 396-9100
    We can help!
    Listing Contact
    Kim Johnson
    Kim Johnson
    Real Estate License ID: 0677910
    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
    0 Hwy 80, Forney, TX 75126
    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!