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    Residential Homesite in Conservation Community Title is generated by Realmo AI

    1111 Ellen Donald Lane, Argyle, TX 76226

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    For Sale
    $685,000

    LAND - Argyle, TX

    Lot size:
    1.01 Acres
    Added:
    Apr 18, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 1111 Ellen Donald Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R1061572
    Lot size
    1.01 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Derek Barham

    Listing agent Derek Barham License #0828615

    Listing office Briggs Freeman Sotheby's Int'l Frisco, TX

    Listing date Apr 18, 2026

    MLS# 21242672 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

    • 1‑acre homesite in Argyle’s Red Bird Ridge conservation community with mature tree coverage and a selectively cleared build site
    • Rear of the lot is heavily wooded for added seclusion and a natural buffer
    • Gently elevated setting with sweeping treetop views and surrounding estate property views
    • Utilities: propane; sewer: septic tank
    • Community amenities include scenic walking trails, including a perimeter canopy trail, plus rolling terrain and open green space
    • Located in Argyle ISD, just minutes from Denton, Flower Mound, and I‑35W

    Overview

    This offering is a residential homesite in a planned conservation community, presented as a 1.01-acre lot suited for custom construction. The property has been selectively cleared, helping define a primary build area while keeping much of the mature tree coverage intact. A gently elevated setting and a rear portion that is heavily wooded provide a naturally private backdrop and seclusion.

    Set along a quiet interior stretch within the community, the homesite is positioned to capture views over surrounding treetops and neighboring estate properties. The lot’s natural landscape lends itself to an outdoor-focused design, including the ability to create expansive outdoor living and indoor-outdoor flow. The community environment is designed to preserve the natural beauty of the land, with scenic walking trails and open green space.

    Designed for buyers seeking a custom estate setting, this property offers a balance of privacy and prepared site readiness. It is especially well-suited for purchasers who value mature trees, a woodland-oriented lot experience, and a community approach centered on environmental preservation, while still maintaining convenient access to the greater Argyle area.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Argyle
    County
    Denton
    State
    Texas
    Longitude
    -97.1559568
    Latitude
    33.1304239

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    FAQs

    What type of property is this?
    Residential land & home lot - Premium 1-acre homesite with mature tree coverage and a prepared build location in a conservation-focused community.
    Where is this residential land & home lot located?
    The property is located at 1111 Ellen Donald Lane Argyle, TX.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: 1‑acre homesite in Argyle’s Red Bird Ridge conservation community with mature tree coverage and a selectively cleared build site; Rear of the lot is heavily wooded for added seclusion and a natural buffer; Gently elevated setting with sweeping treetop views and surrounding estate property views
    (214) 509-9702
    We can help!
    Listing Contact
    Derek Barham
    Real Estate License ID: 0828615
    Learn More
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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.

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