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    8.4 Acre Property with Private Lake Title is generated by Realmo AI

    364 Parker Road Unit A, Van Alstyne, TX 75495

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    For Sale
    $1,150,000

    Custom home on acreage with lake, garages, and RV hookups.

    Type:Farm/Ranch
    Property size:
    3,624 SF
    Lot size:
    8.40 Acres
    Price / SF:
    $317/SF
    Added:
    May 20, 2026
    Days on Market:
    8
    Last Refresh:
    May 21 at 7:58 am

    Property Features for 364 Parker Road Unit A

    General Information

    Standard status
    Active
    Size
    3,624 SF
    Lot size
    8.40 Acres
    Property subtype
    Farm/Ranch

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    Lauri Bauman
    Lauri Bauman

    Listing agent Lauri Bauman License #0481116

    Listing office eXp Realty, LLC

    Listing date May 20, 2026

    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 eXp Realty, LLC

    HighLights

    • 8.4 fully fenced acres with a private lake, dock, and sunset views
    • 3,654 SF custom home featuring 4 bedrooms and 3.5 baths, including a first‑floor primary suite with a SAFE ROOM closet
    • Additional oversized garage and workshop with covered space, plus a partially finished space with a full kitchen and bathroom, suitable for living quarters or an office
    • Two RV electrical hookups for guest convenience
    • Located in the highly desirable Van Alstyne ISD
    • Easy commute, only 3.4 miles from Highway 75

    Overview

    This property features 8.4 fully fenced acres, including a private lake with a dock. The custom home spans 3,654 square feet and includes 4 bedrooms and 3.5 baths. An attached 2-car garage is also present. The first-floor primary suite includes a safe room closet. Upstairs, a second primary suite features a spacious sitting room and ensuite bath. The open layout provides natural light throughout the home. An additional oversized garage and workshop with extensive covered space is suitable for boats and equipment. Two RV electrical hookups are available. The property is suitable for horses or cattle. The second garage includes partially finished space with a full kitchen, room for a stackable washer and dryer, and a full bathroom ready to be set up as additional living quarters, office or a small apartment. Located 3.4 miles from Highway 75, the property is within the Van Alstyne ISD.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Real Estate Agency Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.6262528
    Latitude
    33.4372456

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    FAQs

    What type of property is this?
    Farm - Custom home on acreage with lake, garages, and RV hookups.
    Where is this farm located?
    The property is located at 364 Parker Road Unit A Van Alstyne, TX.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 8.4 fully fenced acres with a private lake, dock, and sunset views; 3,654 SF custom home featuring 4 bedrooms and 3.5 baths, including a first‑floor primary suite with a SAFE ROOM closet; Additional oversized garage and workshop with covered space, plus a partially finished space with a full kitchen and bathroom, suitable for living quarters or an office
    (214) 566-1088
    We can help!
    Listing Contact
    Lauri Bauman
    Lauri Bauman
    Real Estate License ID: 0481116
    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.

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