Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Four-Parcel Recreational Land Offering Title is generated by Realmo AI

    1170 Arvel Circle, Reno, TX 76020

    View on Map
    Claim this Listing
    For Sale
    $1,035,000

    LAND - Other - Reno, TX

    Lot size:
    36.51 Acres
    Added:
    Jan 4, 2026
    Days on Market:
    151
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 1170 Arvel Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Brush, Wooded
    Fencing
    Fenced
    Standard status
    Active
    APN
    R000041125
    Lot size
    36.51 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 15.010 TRACT: PT 7-8 ABST: 469 SURVEY:
    Tax Annual Amount
    9654

    Utilities

    Water front features
    Creek
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Fatemah Rosales

    Listing agent Fatemah Rosales License #0764118

    Listing office BK Real Estate North Richland Hills, TX

    Listing date Jan 4, 2026

    MLS# 21143776 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

    • Four contiguous parcels sold together as one offering
    • Property currently used for hunting and recreation
    • Natural waterfront feature: creek
    • Fenced property
    • Rural setting outside of city limits; buyer to verify intended uses, utilities, and restrictions

    Overview

    This offering includes four contiguous parcels being sold together, providing a larger, continuous expanse of land for recreational use and future possibilities. The property is currently used for hunting and recreation and features a natural landscape that can support a variety of outdoor and agricultural interests. The seller notes that any intended uses, utilities, and restrictions should be verified by the buyer, including suitability for hunting, recreational programming, agricultural purposes, or future development plans.

    Located outside of city limits in Parker County, the property is positioned for buyers seeking a more private, rural setting while remaining within a reasonable distance of nearby amenities. The combined parcel layout is designed for buyers who want space and versatility without being confined to smaller, standalone lots. The seller also indicates there are no city restrictions applicable to the property, subject to buyer confirmation.

    For buyers, this land package can fit a range of goals, from continuing its current hunting and recreation use to holding for investment or developing a private retreat. If you’re considering a homestead or long-term agricultural use, the property’s current configuration and open space may align well—provided you complete your own due diligence on utilities and any other restrictions prior to closing.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Reno
    County
    Lamar
    State
    Texas
    Longitude
    -97.55911026
    Latitude
    32.93081605

    Nearby Similar for Sale

    • $599,000
      4,500 SF

      Commercial Day Care Facility Opportunity

      Commercial property with FM 730 visibility and a prior licensed day care layout, ready for adaptive retail, medical, or service use.
      11361 & 11363 FM 730 N, Reno, TX 76020
      View Details
    • $399,900

      Church or Restaurant Conversion Opportunity

      High-visibility corner-site with extensive frontage and flexible use as-is for restoration or a new commercial concept.
      4397 E Highway 199, Reno, TX 76082
      View Details
    • $999,000

      Steel Office Building with Highway Frontage

      Steel-built office space sits on a highly visible parcel with substantial Highway 199 frontage and expandable porch area.
      4861 E Highway 199, Reno, TX 76082
      View Details
    • $775,000

      Fully Renovated Quadplex Investment

      Four fully renovated units with separate meters, fenced backyards, and dedicated parking—built for low-maintenance income.
      E Reno Road, Reno, TX 76020
      View Details
    • $829,500

      Flex Space with Fenced Outdoor Area

      Versatile commercial flex property with offices, separate restrooms, ample parking, and fenced covered outdoor space for multiple concepts.
      1530 E Reno Road, Reno, TX 75038
      View Details
    • $229,000

      Brick Duplex Investment Property

      Two-unit brick duplex with one occupied and one vacant unit, offering value-add potential for investors or owner-occupants.
      735 Anderson Road, Reno, TX 75462
      View Details
    • $235,000

      Ag-Exempt Pasture Tract with Private Road

      Ag-exempt pasture on a gated, raised private road, currently used for coastal hay and suitable for cattle operations.
      Nelson Road, Reno, TX 76020
      View Details
    • $279,000

      Wooded Land Parcel for Custom Build

      A no-HOA wooded homesite with utilities and fiber available at the street, offering privacy and room to build.
      Scenic Wood Drive, Reno, TX 76020
      View Details
    • $350,000

      Land Tract with Scenic Pond

      A rare, NO-HOA, ag-exempt tract with a scenic pond and mature oak trees, ideal for building or a small ranch.
      Peden Road, Reno, TX 76020
      View Details
    • $1,035,000

      Contiguous Recreational Land Parcels

      Four contiguous parcels currently used for hunting and recreation, offering versatile rural space outside city limits.
      1170 Arvel Circle, Reno, TX 76020
      View Details
    • $1,245,000

      Contiguous Hunting & Recreation Land

      Four contiguous parcels offer a private, rural setting for hunting, recreation, or other future land uses.
      1620 W Timberlake Street, Reno, TX 76020
      View Details
    • $1,245,000

      Four-Parcel Recreational Land Tract

      Expansive rural acreage currently used for hunting and recreation, with flexible future opportunities outside city limits.
      1620 W Timberlake Street, Reno, TX 76020
      View Details

    FAQs

    What type of property is this?
    Hunting land - Four contiguous parcels currently used for hunting and recreation, offering flexible options outside city limits.
    Where is this hunting land located?
    The property is located at 1170 Arvel Circle Reno, TX.
    What is the asking price?
    The asking price for this property is $1,035,000.
    What are key features of this property?
    This property features: Four contiguous parcels sold together as one offering; Property currently used for hunting and recreation; Natural waterfront feature: creek
    (806) 281-8511
    We can help!
    Listing Contact
    Fatemah Rosales
    Real Estate License ID: 0764118
    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

    Thank You for Inquiry
    1170 Arvel Circle, Reno, 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!