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    Development Site: 34 Single-Family Lots Title is generated by Realmo AI

    3775 Kennedale New Hope Road, Kennedale, TX 76060

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    Claim this Listing
    New
    For Sale
    $799,000

    Unimproved Land - Kennedale, TX

    Type:Unimproved Land
    Lot size:
    6.08 Acres
    Added:
    May 18, 2026
    Days on Market:
    5
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 3775 Kennedale New Hope Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    04134044
    Lot size
    6.08 Acres

    Building Details

    Year built
    1978
    Architectural style
    Other

    We can help!

    Listing Contact
    Mizanur Liton

    Listing agent Mizanur Liton License #0691994

    Listing office HB Realty 2500 NE Greenoaks Blvd suite 2, Arlington, TX

    Listing date May 18, 2026

    MLS# 20996602 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

    • Fully entitled: Ready for immediate development with all necessary approvals included.
    • Prime location: Close to top‑rated schools and major commuting routes.
    • High‑demand market: Solid ROI potential supported by active families and first‑time homebuyers.
    • Turnkey project: Ideal for homebuilders seeking a streamlined project.
    • Significant scale: Rare 34‑lot single‑family development site.
    • Lot variety: Mix of lot sizes allows for diverse floor plan types.

    Overview

    This 6.076-acre property in Kennedale, Texas, presents a rare opportunity to develop a premier residential community. The site features 34 buildable lots zoned for single-family homes, accommodating diverse floor plans such as ranches and two-story designs. The property is situated in a high-demand suburban market, close to top-rated schools, parks, shops, and major commuting routes, making it ideal for families seeking convenience and quality of life. All necessary zoning approvals, plats, and civil engineering are included, making the site ready for development. The property has been cleared of old mobiles, debris, and an old well has been capped and decommissioned. This 34-lot offering is suitable for homebuilders or developers aiming to deliver a turnkey project to move-in buyers or investors. The variety of lot sizes allows for a mix of designs, appealing to a broad homebuyer segment. Complete plats, civil plans, permits, and surveys are available for due diligence. Families and first-time buyers remain active in the target area, supporting absorption rates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Urban Chic Properties Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennedale
    County
    Tarrant
    State
    Texas
    Longitude
    -97.217733
    Latitude
    32.631158

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    FAQs

    What type of property is this?
    Residential land & home lot - 34-lot single-family development site in a growing neighborhood.
    Where is this residential land & home lot located?
    The property is located at 3775 Kennedale New Hope Road Kennedale, TX.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Fully entitled: Ready for immediate development with all necessary approvals included.; Prime location: Close to top‑rated schools and major commuting routes.; High‑demand market: Solid ROI potential supported by active families and first‑time homebuyers.
    (972) 662-3346
    We can help!
    Listing Contact
    Mizanur Liton
    Real Estate License ID: 0691994
    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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    3775 Kennedale New Hope Road, Kennedale, TX 76060
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