Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7801 Fishtrap Rd Cross Roads, TX 76227

    Sponsored
    For Sale
    Contact for pricing

    10.3 Acres, High-Traffic Intersection

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    410
    This exceptional 10.3-acre commercial land parcel presents a prime investment opportunity in Cross Roads, Texas. Strategically located at the hard corner intersection of FM 424 and Fishtrap Road, this property boasts a traffic light and enjoys immediate proximity to a city park. The high daily vehicle count ensures unparalleled visibility and accessibility for any commercial venture. Zoned for commercial use by the City of Cross Roads, this site is ideally suited for a diverse range of developments. Its location near major retailers such as Walmart, a future HEB, Starbucks, McDonald's, CVS, and Bank of America, guarantees a robust customer base. The property's proximity to significant thoroughfares and growth corridors provides convenient access to major job centers and residential areas. Furthermore, its location just eight miles from the PGA of America Headquarters and within ten miles of the upcoming Universal Studios theme park in Frisco, TX (via Hwy 380), significantly enhances its long-term value and potential. The planned expansion of FM 424 to four lanes further underscores the area's rapid development and future growth prospects. This is a rare opportunity to acquire a substantial, high-visibility commercial land parcel in a rapidly expanding Texas market. The property's address is 7801 Fishtrap Rd, Cross Roads, TX 76227. The lot is conveniently located just a block from Highway 380.

    Property Features for 7801 Fishtrap Rd

    General Information

    Property type
    Land
    Lot Size
    448,668 SF

    We can help!

    Listing Contact
    Suresh Malepati
    Suresh Malepati

    Learn more

    Property Insight Report

    HighLights

    • High‑traffic corner lot at FM 424 & Fishtrap Rd, one block from Hwy 380.
    • Excellent growth potential; nearby development and planned FM 424 widening.
    • Strong retail trade area; less than one mile from Walmart and numerous restaurants.
    • Hard corner location with traffic signal, adjacent to city park.
    • Close proximity to PGA Headquarters and future Universal Studios theme park in Frisco.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cross Roads
    County
    Denton
    State
    Texas
    Longitude
    -96.9888519
    Latitude
    33.2341837

    Nearby Comparable

    • Contact for pricing
      44.48 Acres

      Cross Roads Mixed-Use Land

      44 Acres, Prime Development Site
      5601 Fishtrap Rd, Cross Roads, TX 76227
      View Details
    • $2,565,327
      2.92 Acres

      Commercial Land on Highway 380

      2.92 acre commercial lot with high visibility on Highway 380.
      8400 E Us Hwy 380 Hwy, Cross Roads, TX 76227
      View Details
    • Contact for pricing
      6.16 Acres

      Cross Roads Commercial Land

      6 Acres, US Hwy 380 Frontage
      9100 Us Hwy 380, Cross Roads, TX 76227
      View Details
    • $3,286,766
      3.74 Acres

      Prime Commercial Land on Highway 380

      Fantastic investment opportunity: 3.74 AC commercial lot on Hwy 380.
      8400 Us Highway 380, Aubrey, TX 76227
      View Details
    • Contact for pricing
      1.00 Acre

      Cross Roads Commercial Land

      High-traffic corner lot, prime commercial location.
      5001 Fishtrap Rd, Cross Roads, TX 76227
      View Details
    • $2,400,000
      3.60 Acres

      Highway 377 Retail Corner Lot

      Prime 3.6-acre commercial land, high traffic
      1000 Potter Shop Rd, Cross Roads, TX 76227
      View Details
    • $1,150,000
      1,128 SF

      Highway 377 Five-Acre Opportunity

      5-acre property with commercial potential near Frisco PGA.
      3800 Dr Griffin Rd, Aubrey, TX 76227
      View Details
    • New
      $5,250,000
      30.40 Acres

      Prime Land on Highway 377

      30+ acres on Highway 377 in rapidly growing Aubrey.
      Tbd Hwy 377, Aubrey, TX 76227
      View Details
    • $3,050,000
      29.00 Acres

      Cross Roads Ranch with Development Potential

      29-acre ranch in Cross Roads, TX, with development potential.
      4700 S Potter Shop Rd, Aubrey, TX 76227
      View Details
    • $1,300,000
      43,560.00 Acres

      16010 Main St

      Restaurants • 43,560.00 Acres
      16010 Main St, Aubrey, TX 76227
      View Details
    • Contact for pricing
      47.55 Acres

      Aubrey, TX Commercial Land Tract

      47.55 Acres, Prime Development Opportunity
      0 Liberty Rd, Krugerville, TX 76227
      View Details

    FAQs

    What type of property is this?
    Land - 10.3 Acres, High-Traffic Intersection
    Where is this land located?
    The property is located at 7801 Fishtrap Rd Cross Roads, TX.
    What are key features of this property?
    This property features: High-traffic corner lot at FM 424 & Fishtrap Rd, one block from Hwy 380.; Excellent growth potential; nearby development and planned FM 424 widening.; Strong retail trade area; less than one mile from Walmart and numerous restaurants.
    (817) 569-8200
    Request Owner's contact information
    7801 Fishtrap Rd Cross Roads, TX 76227
    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.
    7801 Fishtrap Rd
    Cross Roads, TX 76227
    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
    7801 Fishtrap Rd Cross Roads, TX 76227
    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

    We can help!
    Listing Contact
    Suresh Malepati
    Suresh Malepati
    Real Estate License ID: 777092
    (817) 569-8200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.