Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land in Canyon, TX Title is generated by Realmo AI

    6110 4th Avenue, Canyon, TX 79015

    View on Map
    Claim this Listing
    For Sale
    $750,000

    Five acre commercial land tract with highway frontage.

    Type:Land
    Property size:
    221,285 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $3/SF
    Added:
    Feb 6, 2025
    Days on Market:
    479
    Last Refresh:
    Mar 13 at 10:15 am

    Property Features for 6110 4th Avenue

    General Information

    Standard status
    Active
    Size
    221,285 SF
    Lot size
    5.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chancy Via
    Chancy Via

    Listing agent Chancy Via License #714402

    Listing office Palo Duro Real Estate

    Listing date Feb 6, 2025

    Source Compass

    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 Palo Duro Real Estate

    HighLights

    • Prime commercial land with 692' of highway frontage on HWY 217
    • Located near Canyon East neighborhood, I‑27, and West Texas A&M University (9,000 students)
    • Situated on the main route to Palo Duro Canyon State Park (400,000 annual visitors)
    • Five acre tract in a growing community with lots of new development
    • Zoning allows for multiple uses
    • Utilities in place

    Overview

    This five-acre commercial land tract is situated in Canyon, Texas, along HWY 217, offering 692 feet of highway frontage. The property is anchored by the Canyon East neighborhood and is located near I-27 and West Texas A&M University, which has a student enrollment of 9,000. It is also positioned on the main route to Palo Duro Canyon State Park, which attracts approximately 400,000 visitors each year. The zoning allows for multiple uses, and utilities are in place. The property size is 221,285 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Storage Facility Discount Store Wine and Liquor Store Travel Agency Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Canyon
    County
    Randall
    State
    Texas
    Longitude
    -101.8716696
    Latitude
    34.9792776

    Nearby Similar for Sale

    • $7,440,000

      Hunter's Canyon Estate For Sale

      Magnificent 340-acre estate with lodge, horse facilities, and guest housing.
      21401 Hope Road, Canyon, TX 79015
      View Details
    • $120,000
      1,120 SF

      Unrestricted Land Near Canyon, TX

      1.44 acre homesite outside Canyon city limits with no restrictions.
      14701 Gordon Cummings Road, Canyon, TX 79015-7266
      View Details
    • $695,000

      Prime Commercial Land in Canyon, TX

      Five acre commercial land tract with highway frontage in Canyon.
      6110 4TH Avenue, Canyon, TX 79015
      View Details
    • $695,000

      Prime Commercial Land in Canyon,TX

      Five acre commercial land tract with highway frontage in Canyon.
      6110 4TH Avenue, Canyon, TX 79015
      View Details
    • $425,000
      2,767 SF

      Canyon, TX Commercial Property

      Commercial property near downtown square, suitable for office or retail.
      1610 5TH Avenue, Canyon, TX 79015-3833
      View Details
    • $1,500,000
      2,240 SF

      Turn-Key Restaurant Opportunity in Canyon

      Fully operational restaurant for sale in high-traffic Canyon location.
      408 23RD Street, Canyon, TX 79015-4042
      View Details
    • $100,000

      Residential Land in Canyon, TX

      Unimproved homesite tracts with owner financing available in Canyon.
      Hix Rd. Tract 5, Canyon, TX 79015
      View Details
    • $385,000

      Commercial Land on US HWY 60

      Prime commercial land parcel in Canyon, TX ready for development.
      US HWY 60, Canyon, TX 79015
      View Details
    • $575,000

      Lakefront Lot Ready to Build

      One-acre lakefront lot with upgrades and stunning views.
      12 FROG LEAP, Canyon, TX 79015
      View Details
    • $775,000
      7,784 SF

      Downtown Canyon Commercial Space Available

      Flexible commercial space in a high-traffic, growing downtown area.
      408 15th St, Canyon, TX
      View Details
    • $133,300

      Residential Land in Canyon, Texas

      Unimproved homesite tracts with owner financing, Canyon ISD.
      Hix Rd. Tract 2, Canyon, TX 79015
      View Details
    • $131,000

      Residential Land in Canyon, TX

      Unimproved homesite tracts with owner financing available in Canyon.
      Hix Rd. Tract 1, Canyon, TX 79015
      View Details

    FAQs

    What type of property is this?
    Commercial land - Five acre commercial land tract with highway frontage.
    Where is this commercial land located?
    The property is located at 6110 4th Avenue Canyon, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime commercial land with 692' of highway frontage on HWY 217; Located near Canyon East neighborhood, I‑27, and West Texas A&M University (9,000 students); Situated on the main route to Palo Duro Canyon State Park (400,000 annual visitors)
    (806) 676-3561
    We can help!
    Listing Contact
    Chancy Via
    Chancy Via
    Real Estate License ID: 714402
    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
    6110 4th Avenue, Canyon, TX 79015
    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!