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    11348 Willow Springs Road, Haslet, TX 76052

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    For Sale
    $1,600,000

    LAND - Haslet, TX

    Lot size:
    5.00 Acres
    Added:
    Nov 18, 2025
    Days on Market:
    198
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 11348 Willow Springs Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage, RV, Open
    Standard status
    Active
    APN
    05946212
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Description
    RIGHLY, JAMES SURVEY ABSTRACT 1268 TRACT 8B01
    Tax Annual Amount
    1877

    Utilities

    Sewer type
    Aerobic Septic
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Well

    Building Details

    Year built
    1998
    Floors in Building
    1
    Flooring type
    Vinyl, Carpet
    Roof type
    Metal

    We can help!

    Listing Contact
    Brandi Allison
    Brandi Allison

    Listing agent Brandi Allison License #0503969

    Listing office Alliance Properties Haslet, TX

    Listing date Nov 18, 2025

    MLS# 21100178

    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

    • 5‑acre property outside city limits with abundant road frontage and fully fenced grounds
    • Custom 3‑bedroom, 2‑bath home (built 1998) with carpet and vinyl flooring
    • Private well water and aerobic septic system
    • Metal roof plus central air and ceiling fans
    • Two gated entrances on opposite ends, with parking including RV parking, open parking, and garage
    • Drive‑through barn, loafing shed, flat usable pastureland, and a pond

    Overview

    This is a rare, unrestricted five-acre tract that combines usable pasture with a custom 3-bedroom, 2-bath home. The property is fully fenced and offers two gated entrances located on opposite ends, which can support multiple access points and day-to-day flexibility. Improvements include a private well and septic system, along with a drive-through barn and a loafing shed that provide practical storage or workspace options. The land itself is largely flat and includes a pond toward the back of the property.

    Located outside city limits off Willow Springs Road, the site features abundant road frontage and a setting suited for buyers who want visibility without added restrictions. The surrounding area is described as a growing market near Northwest ISD schools and established subdivisions, with convenient access to both Hwy 287 and Business 287.

    The combination of unrestricted acreage, fenced layout, and on-site utilities makes the property appealing for a range of uses. It can work for traditional residential or agricultural plans, while the existing home provides a ready base for buyers considering a live-work setup or a conversion to office use. The barn and shed support projects that need storage, equipment space, or flexible work areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Real Estate Agency Restaurant Law Firm Nail Salon Auto Repair Shop Gym & Fitness Center Grocery & Convenience Store Daycare Center Electrical Service Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Haslet
    County
    Tarrant
    State
    Texas
    Longitude
    -97.391017
    Latitude
    32.931669

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    FAQs

    What type of property is this?
    Ranch - Unrestricted five-acre property with road frontage, flat pasture, and a custom home, offering flexible residential or office potential.
    Where is this ranch located?
    The property is located at 11348 Willow Springs Road Haslet, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 5‑acre property outside city limits with abundant road frontage and fully fenced grounds; Custom 3‑bedroom, 2‑bath home (built 1998) with carpet and vinyl flooring; Private well water and aerobic septic system
    (817) 980-2111
    We can help!
    Listing Contact
    Brandi Allison
    Brandi Allison
    Real Estate License ID: 0503969
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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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