Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7747 Park Ave Terrell, TX 75160

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for sale in Terrell, Texas.

    Lot size:
    4.40 Acres

    Property Features for 7747 Park Ave

    General Information

    Lot size
    4.40 Acres

    We can help!

    Listing Contact
    Frank Roberts
    Frank Roberts
    Source: Moodyscre

    Listing Agency: Landmark Affiliates, Inc. Listing Agent: Frank Roberts

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

    Learn more

    Property Insight Report

    Overview

    Land Available in Terrell, Texas

    Located in Terrell, Texas, this property consists of land. The property is available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Furniture & Home Goods Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.29857
    Latitude
    32.67271

    Nearby Similar for Sale

    • $630,000
      1,792 SF

      Modern Farmhouse on AG-EXEMPT Acres

      Secluded 11-acre property with modern farmhouse near Terrell, TX.
      9292 County Road 346, Terrell, TX 75161
      View Details
    • $2,100,000
      6,800 SF

      Versatile Commercial Property on 3+ Acres

      Commercial property with highway frontage, ideal for various business opportunities.
      15377 N State Highway 34, Terrell, TX 75161
      View Details
    • $1,700,000
      0.14 Acres

      Historic Terrell Office Building

      Iconic, restored multi-tenant office building in historic downtown Terrell.
      102 E Moore Ave, Terrell, TX 75160
      View Details
    • $3,900,000
      3.08 Acres

      Terrell Retail/Distribution Opportunity Zone Property

      Dealership/distribution/retail property in Terrell, TX, located in Opportunity Zone.
      1608 W Moore Ave, Terrell, TX 75160
      View Details
    • $549,900
      0.17 Acres

      Downtown Terrell Commercial Building For Sale

      Two-story commercial building in downtown Terrell with multiple potential uses.
      203 N Rockwall Ave, Terrell, TX 75160
      View Details
    • $1,600,000
      1.77 Acres

      Terrell, TX Bowling Alley Landmark

      Meticulously maintained bowling alley with highway frontage in Terrell, TX.
      2500 W Moore Ave, Terrell, TX 75160
      View Details
    • $339,000
      0.24 Acres

      Terrell Duplex: Investment Opportunity

      Full duplex in Terrell, TX, ideal for investors or owner-occupants.
      1104 E High St, Terrell, TX 75160
      View Details
    • $1,100,000
      0.45 Acres

      Highway Frontage Commercial Building For Sale

      3,840 SF commercial building with drive-thru on high-traffic highway.
      94 N State Hwy 205 Hwy, Terrell, TX 75160
      View Details
    • $297,000
      0.15 Acres

      Residential Triplex in Terrell, TX

      Two-story triplex with long-term tenants and potential for single-family conversion.
      507 W Nash St, Terrell, TX 75160
      View Details
    • $1,100,000
      70.91 Acres

      70-Acre Ranch with Barndominium Home

      70-acre ranch featuring a barndominium, cross-fenced pastures, and stocked ponds.
      6096 Abner Rd, Terrell, TX 75161
      View Details
    • $174,000
      0.93 Acres

      Terrell, TX Mixed-Use Opportunity

      Two adjacent parcels, commercial and residential, ideal for mixed-use development.
      1008 S Virginia Ave, Terrell, TX 75160
      View Details
    • $4,446,720
      1.07 Acres

      Retail Property in Terrell, Texas

      Retail property with a 6.25% cap rate in Terrell, TX.
      214 Market Ctr Dr, Terrell, TX 75160
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale in Terrell, Texas.
    Where is this land located?
    The property is located at 7747 Park Ave Terrell, TX.
    What are key features of this property?
    This property features: - Land available for sale; - Located in Terrell, Texas
    (972) 396-9100 Call to check price and availability
    Request Owner's contact information
    7747 Park Ave Terrell, TX 75160
    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.
    7747 Park Ave
    Terrell, TX 75160
    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
    7747 Park Ave Terrell, TX 75160
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Frank Roberts
    Frank Roberts
    Real Estate License ID: 0524424
    (972) 396-9100 (972) 524-0689 (214) 755-8079
    Learn more
    Google sign-in failed. Please try again or use another login method.