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    Zoned Commercial Land with Fenced Site Title is generated by Realmo AI

    2420 Wilshire Boulevard, Burleson, TX 76028

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    For Sale
    $550,000

    LAND - Burleson, TX

    Lot size:
    0.67 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    353
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 2420 Wilshire Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    126017901080
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Description
    ABST 179 TR 2 H G CATLETT
    Tax Annual Amount
    4457

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    David Altamimi

    Listing agent David Altamimi

    Listing office Fathom Realty LLC Colleyville, TX

    Listing date Jun 16, 2025

    MLS# 20970335 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

    • 0.67‑acre commercial lot on Hwy 174 in Burleson with approx. 220 ft of road frontage
    • Over 33,000 vehicles per day on Hwy 174 (per provided information)
    • Fully fenced, wooded and level site with public water and public sewer
    • Utilities on‑site: electric available; water includes a hydrant
    • Sewer tap located at the fence line on the southwest corner
    • Zoned for commercial use; suitable for restaurant (potential drive‑thru), retail, professional office, or medical practice

    Overview

    An ideal foundation for a new commercial development, this fully fenced, level wooded lot offers approximately 220 feet of road frontage on a high-traffic corridor. Utilities are in place for convenient build-out, including water (with a hydrant), electric on site, and a sewer tap located directly at the fence line on the southwest corner. The property is zoned for commercial use and is suited to a range of concepts.

    Positioned along Hwy 174 in Burleson, the site benefits from exceptional daily exposure and convenient access to a mix of nearby uses. The immediate area includes retail and service businesses and is flanked by an auto parts store to the east and a major church to the west, supporting a diverse flow of customers. Nearby businesses also include medical offices, a gym, an antique mall, storage facilities, restaurants, and a large worship venue.

    For developers, retailers, and operators seeking visibility and flexibility, the site supports multiple development directions such as restaurant (including potential for a drive-thru), retail center, professional office space, or a medical practice. If you’re looking for a well-prepared commercial lot in an active corridor, this offering provides the infrastructure and frontage to move forward efficiently.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Burleson
    County
    Johnson
    State
    Texas
    Longitude
    -97.364086
    Latitude
    32.502843

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    FAQs

    What type of property is this?
    Commercial land - Build-ready, fully fenced lot with strong highway frontage and utilities already available at the site line.
    Where is this commercial land located?
    The property is located at 2420 Wilshire Boulevard Burleson, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 0.67‑acre commercial lot on Hwy 174 in Burleson with approx. 220 ft of road frontage; Over 33,000 vehicles per day on Hwy 174 (per provided information); Fully fenced, wooded and level site with public water and public sewer
    (888) 455-6040
    We can help!
    Listing Contact
    David Altamimi
    Request Owner's contact information
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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.

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    2420 Wilshire Boulevard, Burleson, TX 76028
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