Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    15 Acres Development Opportunity, Argyle Title is generated by Realmo AI

    7331 Faught Road, Argyle, TX 76226

    View on Map
    Claim this Listing
    For Sale
    $1,750,000

    LAND - Argyle, TX

    Lot size:
    15.07 Acres
    Added:
    Dec 29, 2025
    Days on Market:
    155
    Last Refresh:
    Jun 2 at 8:06 pm

    Property Features for 7331 Faught Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Wooded
    Standard status
    Active
    APN
    R72951
    Lot size
    15.07 Acres

    Taxes and HOA fees

    Tax Description
    A1063A PATRICK ROCK, TR 58, 15.067 ACRES, OLD
    Tax Annual Amount
    17902

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air, Electric
    Water source
    Well

    Building Details

    Year built
    2007
    Additional Structures
    Residence

    We can help!

    Listing Contact
    Rachel Robertson
    Rachel Robertson

    Listing agent Rachel Robertson License #0618662

    Listing office The Mosaic Agency, LLC Argyle, TX

    Listing date Dec 29, 2025

    MLS# 20718108 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

    • 15‑acre tract in Argyle ISD.
    • Potential for residential development, custom estate, or commercial/industrial use (buyer to verify zoning).
    • Existing residence and multiple outbuildings.
    • Secluded location with open space and sunset views.
    • Located near major growth corridors in North Texas.
    • Recent survey available.

    Overview

    This 15.067-acre tract on Faught Road in Northlake, Texas, is located within the Argyle Independent School District. The property presents potential for residential development, land investment, a custom estate, or small commercial or industrial use, though buyers should verify zoning. The land offers seclusion, open space, and sunset views, while also being near growth corridors in North Texas. The property includes an existing residence and multiple outbuildings, providing options for rehabilitation, redevelopment, or interim use. It is suited for builders, developers, investors, or those seeking acreage in a growing area. The property is sold AS IS. A recent survey is available. DentonCAD images show approximate boundaries. Buyers are to perform due diligence regarding property lines, zoning, land use, utilities, and taxes. The property is located in Argyle, Texas, with a postal code of 76226, and is situated in Denton County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Accounting Firm Storage Facility Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Argyle
    County
    Denton
    State
    Texas
    Longitude
    -97.248588
    Latitude
    33.113764

    Nearby Similar for Sale

    • $1,600,000
      3,805 SF

      Equestrian Ranch with Guest House

      5.05-acre Argyle ranch featuring main house, guest house, and barn.
      823 Frenchtown Road, Argyle, TX 76226
      View Details
    • $2,250,000
      2,014 SF

      Argyle Farm/Ranch Opportunity

      35+ acres with 2,000+ sqft home in Argyle, TX.
      8123 Hilltop Road, Argyle, TX 76226
      View Details
    • $3,300,000

      Argyle Multifamily Investment Opportunity

      Apartment complex near Argyle, TX, offering quiet, spacious living.
      11351 Hilltop Road, Argyle, TX 76226
      View Details
    • $569,000

      Argyle Land with Pond Access

      1.23-acre lot in Argyle with pond access.
      5979 FM 1830 lot: 3, Argyle, TX 76226
      View Details
    • $3,300,000

      Apartments in Denton County Countryside

      Apartment complex in Argyle, TX, outside city limits.
      11351 Hilltop Road, Argyle, TX 76226
      View Details
    • $2,235,000
      1,200 SF

      21+ Acre Argyle Land Parcel

      Ag-exempt land with views, home, and shop near amenities.
      8959A Hilltop Road, Argyle, TX 76226
      View Details
    • $674,999

      Argyle ISD Land Ready

      1.755 acre lot in Argyle ISD ready for construction.
      9897 Macaway Drive, Argyle, TX 76226
      View Details
    • $500,000

      Residential Lot in Argyle, TX

      1.132 acre residential lot ready for your custom dream home.
      11244 S Hunter Hill Lane, Argyle, TX 76226
      View Details
    • $284,997

      Multifamily Development Opportunity

      Tenant-occupied mobile homes sit on a corner lot with ample room to build in Argyle ISD.
      6605 Oak Ridge Lane, Argyle, TX 76226
      View Details
    • $199,999

      Residential Land in Argyle, Texas

      Unimproved lot in Argyle Town Village, near top-rated schools.
      208 Village Way, Argyle, TX 76226
      View Details
    • $2,495,000

      Argyle TX Unimproved Land

      11.83 acres in the heart of Argyle, Texas.
      149 W Fm 1830, Argyle, TX 76226
      View Details
    • $3,250,000

      23 Acres Land in Argyle

      Unimproved 23-acre land in Copper Canyon, Argyle, Texas.
      TBD23 Copper Canyon, Argyle, TX 76226
      View Details

    FAQs

    What type of property is this?
    Land - Versatile 15-acre tract in Argyle ISD, Northlake, TX.
    Where is this land located?
    The property is located at 7331 Faught Road Argyle, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 15‑acre tract in Argyle ISD.; Potential for residential development, custom estate, or commercial/industrial use (buyer to verify zoning).; Existing residence and multiple outbuildings.
    (817) 205-5046
    We can help!
    Listing Contact
    Rachel Robertson
    Rachel Robertson
    Real Estate License ID: 0618662
    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
    7331 Faught Road, Argyle, TX 76226
    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!