Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land on Highway 377 Title is generated by Realmo AI

    5045 Highway 377, Aubrey, TX 76227

    View on Map
    Claim this Listing
    For Sale
    $1,230,000

    Commercial land with frontage on Highway 377 in Aubrey, TX.

    Type:Lots & Acreage / Unimproved Land
    Property size:
    197,980 SF
    Lot size:
    4.55 Acres
    Price / SF:
    $6/SF
    Added:
    Oct 14, 2025
    Days on Market:
    232
    Last Refresh:
    May 13 at 9:25 pm

    Property Features for 5045 Highway 377

    General Information

    Standard status
    Active
    Size
    197,980 SF
    Lot size
    4.55 Acres
    Property subtype
    Lots & Acreage / Unimproved Land

    We can help!

    Listing Contact
    Curtis Petersen

    Listing agent Curtis Petersen License #0697409

    Listing office INC Realty, LLC

    Listing date Oct 14, 2025

    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 INC Realty, LLC

    HighLights

    • Prime commercial property in rapidly growing Aubrey area with excellent frontage on Highway 377.
    • Unincorporated location north of Highway 380, one of the few remaining county parcels along this corridor.
    • Nearly 3 acres are AG exempt, offering flexibility and low holding costs.
    • Water and electricity are already on‑site, facilitating easier development.
    • Minutes from Frisco and Denton, providing access to major city amenities.
    • Fencing: Pipe

    Overview

    This property presents an opportunity for developers or investors in the Aubrey area. The parcel features frontage on Highway 377 and is located in an unincorporated area north of Highway 380. The property consists of nearly 3 acres that are AG exempt. Water and electricity are available on-site. The location is near Frisco and Denton. The property size is 197980 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Aubrey
    County
    Denton
    State
    Texas
    Longitude
    -96.997425
    Latitude
    33.241654

    Nearby Similar for Sale

    • $585,000
      2,174 SF

      Aubrey Ranch Home on Acreage

      Ranchette with updated home, pastures, and barn near city.
      7808 ILESON Road, Aubrey, TX 76227
      View Details
    • $925,000

      Unrestricted Industrial Land Opportunity

      Unrestricted land on Stewart Rd suited for light or heavy industrial or retail storefront use in Krugerville ETJ.
      8673 Stewart Rd, Aubrey, TX 76227
      View Details
    • $925,000

      Unrestricted Land on Major Thoroughfare

      Rare 3-acre unrestricted land ideal for industrial or retail use.
      8677 Stewart Rd, Aubrey, TX 76227
      View Details
    • $1,850,000

      Unrestricted Industrial Land Lot

      Rare unrestricted acreage on a major thoroughfare, offering 359 feet of frontage for industrial or retail development.
      TBD-Lot 4 Stewart Rd, Aubrey, TX 76227
      View Details
    • $1,950,000

      High-Visibility Commercial Land Tract

      A 10-acre site on a major thoroughfare with strong exposure for future retail, service, medical, office, or mixed-use development.
      1937 Spring Hill Road, Aubrey, TX 76227
      View Details
    • $599,999

      Aubrey Land Development Opportunity

      2+ acre parcel in fast-growing Aubrey corridor.
      6250 Mcnatt Road, Aubrey, TX 76227
      View Details
    • $2,950,000

      Unrestricted Land in Growing Corridor

      14-acre tract with high visibility and development potential.
      616 Spring Hill Road, Aubrey, TX 76227
      View Details
    • $1,125,000

      Land Tract with Road Frontage

      Aubrey-area tract with road frontage, utilities available, and varied terrain suited to residential or commercial development.
      New Hope Road, Aubrey, TX 76227
      View Details
    • $5,900,000
      9,044 SF

      Luxury Estate in Horse Country

      A 42-acre estate with luxury home and equestrian facilities.
      1950 W Sherman Drive, Aubrey, TX 76227
      View Details
    • $1,600,000

      Prime Investment Land in Aubrey, TX

      5.675-acre tract along Denton-Collin County Outer Loop alignment.
      11698 Fm 428, Aubrey, TX 76227
      View Details
    • $5,250,000

      High-Visibility Land with Highway Access

      Aubrey acreage with direct Highway 377 frontage and through access, well-suited for development in a growing retail corridor.
      Highway 377, Aubrey, TX 76227
      View Details
    • $700,000

      10 Acres of Prime Land

      Prime 10-acre land parcel with highway frontage near Denton.
      Elm Bottom Circle, Aubrey, TX 76227
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with frontage on Highway 377 in Aubrey, TX.
    Where is this commercial land located?
    The property is located at 5045 Highway 377 Aubrey, TX.
    What is the asking price?
    The asking price for this property is $1,230,000.
    What are key features of this property?
    This property features: Prime commercial property in rapidly growing Aubrey area with excellent frontage on Highway 377.; Unincorporated location north of Highway 380, one of the few remaining county parcels along this corridor.; Nearly 3 acres are AG exempt, offering flexibility and low holding costs.
    (940) 367-2911
    We can help!
    Listing Contact
    Curtis Petersen
    Real Estate License ID: 0697409
    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
    5045 Highway 377, Aubrey, TX 76227
    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!