Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Ideal for Retail Title is generated by Realmo AI

    10538 FM 1641, Forney, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    13-14 acres suitable for self-storage, retail, surrounded by residences.

    Type:LAND
    Lot size:
    14.00 Acres
    Added:
    Aug 30, 2024
    Days on Market:
    643
    Last Refresh:
    May 20 at 10:05 pm

    Property Features for 10538 FM 1641

    General Information

    Standard status
    Active
    Lot size
    14.00 Acres
    Property subtype
    LAND

    Properties For Sale

    at 10538 FM 1641 Contact us

    We can help!

    Listing Contact
    Hunter McElhaney
    Hunter McElhaney

    Listing agent Hunter McElhaney

    Listing office DuWest Realty | Dallas

    Listing date Aug 30, 2024

    Source Moodyscre

    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 DuWest Realty | Dallas

    HighLights

    • 13‑14 acres available, suitable for development.
    • Frontage on FM 1641, providing high visibility.
    • Ideal for self storage or retail businesses.
    • ETJ zoning offers development flexibility.
    • Adjacent to Dollar General, attracting customer traffic.
    • Surrounded by existing and future residential developments, ensuring a customer base.

    Overview

    This property features 13 to 14 acres of land with frontage on FM 1641. It is ideally suited for self-storage or retail use. The property has ETJ zoning and is adjacent to a Dollar General store. An easement driveway intersects the property but can be relocated with boundaries. The land is surrounded by existing and future residential developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    By Lo Fireworks Department Store

    Suggested Use

    Restaurant Auto Repair Shop Gym & Fitness Center Skin Care Clinic Bar & Pub Department Store Daycare Center Grocery & Convenience Store Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Forney
    County
    Kaufman
    State
    Texas
    Longitude
    -96.4096
    Latitude
    32.7047

    Nearby Similar for Sale

    • $1,500,000
      4,420 SF

      Landmark Office Building

      Distinctive office space with character-rich finishes, interior and exterior stair access, and practical amenities including restrooms.
      201 N Bois D Arc Street, Forney, TX 75126
      View Details
    • $1,400,000

      Multiple Use Flex Warehouse Building

      Front and rear roll-up doors and an office showroom create flexible space for retail or light industrial concepts.
      103 W Broad, Forney, TX 75126
      View Details
    • $1,200,000

      Custom Office Building for Owner-Users

      Meticulously maintained office building with six private offices, conference room, and executive bath for a flexible owner-user setup.
      408 Pinson Road, Forney, TX 75126
      View Details
    • $2,900,000

      Automotive Car Wash Site

      For-sale car wash site on FM 1641 with strong retail-driven traffic and high-growth suburban visibility.
      254 Fm 1641, Forney, TX 75126
      View Details
    • $1,193,540
      2,000 SF

      Commercial Development Land with Visibility

      Zoned commercial tract with strong road visibility and commuter access for retail, services, or mixed-use concepts near Forney growth.
      13625 Reeder Road, Forney, TX 75126
      View Details
    • $1,783,782

      Highway-Adjacent Commercial Land

      1.17-acre site on the US 80 service road with strong visibility and convenient access for retail, office, or restaurant development.
      503 E US 80, Forney, TX 75126
      View Details
    • $2,454,600

      Commercial Land on Highway Service Road

      1.6-acre commercial site with strong highway visibility and direct service-road access for retail, office, or restaurant development.
      503 E US Hwy 80, Forney, TX 75126
      View Details
    • $4,174,000

      Commercial Land with Highway Frontage

      High-visibility commercial site on the US Highway 80 service road, well-suited for retail, office, or restaurant development.
      503 E US Highway 80, Forney, TX 75126
      View Details
    • $1,024,849

      Commercial Development Land with Visibility

      Zoned for commercial and residential uses, this high-visibility tract offers strong development potential along a major east Texas corridor.
      Hwy 80, Forney, TX 75126
      View Details
    • $1,024,849

      Commercial Land with Highway Visibility

      Over 5 acres zoned for commercial and residential development with strong visibility near major employers and Hwy 80.
      Hwy 80, Forney, TX 75126
      View Details
    • $2,300,000

      Land with Two-Side Road Access

      Flexible, out-of-city land with broad development options and practical utilities, positioned for quick access to major highways.
      15530 Wiser Road, No City, TX 75126
      View Details
    • $259,900

      Versatile Brick Retail Building

      Brick retail building with multiple rooms, garage, kitchen, and two bathrooms, positioned for strong street-level exposure.
      505 E Broad Street, Forney, TX 75126
      View Details

    FAQs

    What type of property is this?
    Land - 13-14 acres suitable for self-storage, retail, surrounded by residences.
    Where is this land located?
    The property is located at 10538 FM 1641 Forney, TX.
    What are key features of this property?
    This property features: 13‑14 acres available, suitable for development.; Frontage on FM 1641, providing high visibility.; Ideal for self storage or retail businesses.
    (214) 924-8098 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hunter McElhaney
    Hunter McElhaney
    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
    10538 FM 1641, Forney, TX
    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!