Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Land with Development Potential Title is generated by Realmo AI

    3108 Troy Road, Wylie, TX 75098

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,590,000

    LAND - Wylie, TX

    Lot size:
    10.36 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    64
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for 3108 Troy Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush, Wooded
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    000000012116
    Lot size
    10.36 Acres

    Taxes and HOA fees

    Tax Description
    A0173 L B OUTLAW, TRACT 4, ACRES 10.35
    Tax Annual Amount
    14143

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Wendy Johnson

    Listing agent Wendy Johnson License #0621035

    Listing office Keller Williams Rockwall Rockwall, TX

    Listing date Mar 31, 2026

    MLS# 21067117 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

    • 10‑acre lakefront property on Lake Ray Hubbard
    • No HOA and no deed restrictions offer freedom and flexibility
    • Located outside city limits within the ETJ
    • Convenient access to Highway 78, Highway 66, and President George Bush Turnpike
    • Flexible interim use for commercial or residential purposes
    • Water provided by East Fork Special Utility District; survey available

    Overview

    This 10.36-acre lakefront tract in Wylie offers refined country living with freedom and flexibility. Located outside city limits within the ETJ, the property has no HOA and no deed restrictions. Water is provided by East Fork Special Utility District, and a survey is available. With frontage on Lake Ray Hubbard and convenient proximity to Highway 78, Highway 66, and President George Bush Turnpike, the property offers a blend of accessibility and waterfront living. The acreage offers flexible interim use for potential commercial or residential purposes, making it suitable for personal use, business operations, or investment. It is located at 3108 Troy Road, Wylie, TX 75098.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Hair Salon Hotel & Motel Accounting Firm Storage Facility HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.5097
    Latitude
    32.9776

    Nearby Similar for Sale

    • $1,790,000
      6,357 SF

      Wylie Industrial Building For Sale

      6,984 SF industrial building in high-growth Wylie area.
      211 Regency Drive, Wylie, TX 75098
      View Details
    • $599,999

      Unincorporated Land in Dallas County

      4-acre tract ideal for development, free from city regulations.
      4235 TROY Road, Wylie, TX 75098
      View Details
    • $900,000

      Wylie Land Ready For Development

      3.25 acre lot in growing Wylie market.
      2033 Vinson Road, Wylie, TX 75098
      View Details
    • $1,600,000
      7,742 SF

      Townhome Portfolio in Wylie, Texas

      Four townhomes with leases in Wylie, TX. Investment opportunity.
      820 Eaglescliffe Landing, Wylie, TX 75098
      View Details
    • $595,000

      Commercial Lots in Regency Business Park

      Two commercial lots in Wylie, TX, prime location.
      2808 Exchange Street, Wylie, TX 75098
      View Details
    • $1,750,000

      Unzoned Corner Commercial Land

      Corner lot with wide Parker Road frontage, two approved entrances, and county-permit flexibility for multiple commercial uses.
      2725 Aztec Trail, Wylie, TX 75098
      View Details
    • $1,998,500

      Cleared Commercial Corner Development Land

      A cleared, level corner tract in a commercial-zoned setting offers flexible development potential for neighborhood-serving uses.
      BALLARD & ALANIS, Wylie, TX 75098
      View Details
    • $599,999

      Unincorporated Land in Wylie, Texas

      4-acre tract ideal for development, RV park, or business.
      4235 Troy Road, Wylie, TX 75098
      View Details
    • $1,050,000

      Four-Bay Auto Shop with Expansion Land

      Turnkey auto shop with office space on a flat, build-ready light industrial lot for added parking and future growth.
      18 Decker Court, Wylie, TX 75098
      View Details
    • $315,000

      Commercial Lot in Regency Park

      Commercial lot suitable for warehouse, showroom, or mechanic shop.
      2806 Exchange Street, Wylie, TX 75098
      View Details
    • $465,500

      Prime Land in Wylie, TX

      Approximately 2 acres of land in a desirable Wylie location.
      325 Donna Drive, Wylie, TX 75098
      View Details
    • $299,999

      Unimproved Land in Wylie, TX

      2-acre tract ideal for RV park, storage, or flex space.
      4225 Troy Road, Wylie, TX 75098
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10+ acre lakefront tract in Wylie, outside city limits.
    Where is this commercial land located?
    The property is located at 3108 Troy Road Wylie, TX.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: 10‑acre lakefront property on Lake Ray Hubbard; No HOA and no deed restrictions offer freedom and flexibility; Located outside city limits within the ETJ
    (972) 772-7000
    We can help!
    Listing Contact
    Wendy Johnson
    Real Estate License ID: 0621035
    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
    3108 Troy Road, Wylie, TX 75098
    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!