Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1129 Boyd Road, Azle, TX 76020

    View on Map
    Claim this Listing
    For Sale
    $995,000

    Commercial land

    Type:Commercial/Industrial
    Lot size:
    0.82 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    80
    Last Refresh:
    Apr 6 at 4:01 am

    Property Features for 1129 Boyd Road

    General Information

    Standard status
    Active
    Lot size
    0.82 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Michael Wright
    Michael Wright

    Listing agent Michael Wright License #0727559

    Listing office CLARK REAL ESTATE GROUP

    Listing date Mar 16, 2026

    Source Exitrealty

    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 CLARK REAL ESTATE GROUP

    HighLights

    • Prime location on FM 730N, the north entrance to Azle, offering exceptional visibility and access.
    • Located next to Reata Apartments, across from Azle High School, and adjacent to established neighborhoods, ensuring a strong customer base.
    • High foot traffic area, creating an excellent customer base and long‑term potential.
    • Perfect for various commercial uses: retail, office space, or service‑oriented businesses.
    • Easy access to major roads.
    • Rare opportunity to secure a valuable piece of commercial land in a thriving area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Azle
    County
    Parker
    State
    Texas
    Longitude
    -97.5439339
    Latitude
    32.9140895

    Nearby Similar for Sale

    • $1,200,000

      Retail Property for Sale

      Offered for sale on a 1.16-acre lot in Azle, providing room to support a variety of retail concepts.
      12258 S Fm 730, Azle, TX 76020
      View Details
    • $279,000

      Free-Standing Brick Office Building

      Brick office building with reception, eight private offices, and conference room plus front and side parking.
      1501 Southeast Parkway, Azle, TX 76020
      View Details
    • $385,000
      1,622 SF

      Versatile Country Property in Azle, TX

      Residential and agricultural property with ample space and functionality.
      900 Silver Creek Azle Road, Azle, TX 76020
      View Details
    • $535,000

      Prime Commercial Land in Azle, TX

      2.31 acres with high visibility on Jacksboro Highway frontage.
      936 Southeast Parkway, Azle, TX 76020
      View Details
    • $619,000
      4,000 SF

      Versatile Live-Work Property in Azle

      Live and work on 2.93 acres near Eagle Mountain Lake.
      134a Cedar Creek Drive, Azle, TX 76020
      View Details
    • $750,000

      Heavy Commercial Development Land

      Zoned heavy commercial with city water and sewer, offering utility-ready redevelopment on a small tract.
      833 Boyd Road, Azle, TX 76020
      View Details
    • $299,000
      1,306 SF

      Updated Condo on Eagle Mountain

      Move-in ready condo with lake views and income potential.
      390 Driftwood Court, Azle, TX 76020
      View Details
    • $1,350,000

      Lakefront Land with Boathouse

      Premier lakefront lot with main-body frontage and an existing two-story boathouse and dock for immediate lake access.
      216 N Broadway Road, Azle, TX 76020
      View Details
    • $210,000
      1,100 SF

      Azle Land with Creek Border

      Two-acre property with foundation, utilities, and creek border.
      901 Fox Lane, Azle, TX 76020
      View Details
    • $675,000

      Waterfront Land Parcel

      Private, fenced waterfront property with direct lake access and mature tree surroundings for flexible residential use.
      13350 Miller Road, Azle, TX 76020
      View Details

    FAQs

    Where is this commercial land located?
    The property is located at 1129 Boyd Road Azle, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Prime location on FM 730N, the north entrance to Azle, offering exceptional visibility and access.; Located next to Reata Apartments, across from Azle High School, and adjacent to established neighborhoods, ensuring a strong customer base.; High foot traffic area, creating an excellent customer base and long‑term potential.
    (817) 458-0402
    We can help!
    Listing Contact
    Michael Wright
    Michael Wright
    Real Estate License ID: 0727559
    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
    1129 Boyd Road, Azle, TX 76020
    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!