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    Industrial Land in Quail Run Park Title is generated by Realmo AI

    225 Texas Blue Lane, Wheeler, TX 79096

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    Claim this Listing
    For Sale
    $112,500

    LAND - Wheeler, TX

    Lot size:
    2.41 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    70
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for 225 Texas Blue Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    225
    Lot size
    2.41 Acres

    Building Details

    Year built
    2012

    We can help!

    Listing Contact
    Chip Hill

    Listing agent Chip Hill License #509380

    Listing office RiverCrest Realty Wheeler, TX

    Listing date Mar 29, 2026

    MLS# 21061309 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

    • 2.41‑acre unincorporated lot in Quail Run Industrial Park (industrial park is 60 acres).
    • All‑weather professionally engineered gypsum gravel road access.
    • Needs shallow water well drilling and a septic system; three wells already exist in the subdivision.
    • Easy access to U.S. Highway 83 for business use.
    • Room to expand for future operations base development.

    Overview

    Unincorporated industrial land located in Quail Run Industrial Park, a 60-acre development just south of Wheeler, TX. This is a 2.41-acre lot with room to grow for an operating base or future expansion. The site will require installation of a shallow water well and a septic system, and the subdivision already has three wells in place. The property also benefits from an all-weather, professionally engineered gypsum gravel road.

    The lot provides easy access to U S Highway 83, supporting practical logistics for businesses that need straightforward roadway connectivity. As part of the broader industrial park, the availability of additional lots of various sizes may support phased development or complementary site planning.

    This property is well suited for energy- or petroleum-related operations looking for a dedicated industrial site with room to expand. With utilities not yet installed on the lot itself, it is best viewed by buyers comfortable planning for well and septic installation as part of their site development.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Wheeler
    County
    Wheeler
    State
    Texas
    Longitude
    -100.263943
    Latitude
    35.425336

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    FAQs

    What type of property is this?
    Industrial land - Unincorporated 2.41-acre industrial lot with existing access and room for expansion near US Highway 83.
    Where is this industrial land located?
    The property is located at 225 Texas Blue Lane Wheeler, TX.
    What is the asking price?
    The asking price for this property is $112,500.
    What are key features of this property?
    This property features: 2.41‑acre unincorporated lot in Quail Run Industrial Park (industrial park is 60 acres).; All‑weather professionally engineered gypsum gravel road access.; Needs shallow water well drilling and a septic system; three wells already exist in the subdivision.
    (806) 334-2108
    We can help!
    Listing Contact
    Chip Hill
    Real Estate License ID: 509380
    Learn More
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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.

    More about this property
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