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    Multi-Use Industrial & Event Property Title is generated by Realmo AI

    92ac Checkered Flag Way, Maud, TX 75567

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    Claim this Listing
    For Sale
    $645,000

    COMMERCIAL - Maud, TX

    Lot size:
    92.35 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    102
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 92ac Checkered Flag Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    RV, Open, Off Street, Driveway, Parking Lot, Gated, Oversize
    Standard status
    Active
    APN
    22120000100
    Lot size
    92.35 Acres

    Taxes and HOA fees

    Tax Description
    ROBERT SMITH A-539 2019-11485 BLK/TRACT s
    Tax Annual Amount
    4000

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Central Air, Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    2016
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding, SteelSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Bruce Carr
    Bruce Carr

    Listing agent Bruce Carr License #0693884

    Listing office Lone Star Land Brokers Pittsburg, TX

    Listing date Feb 20, 2026

    MLS# 20864601

    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

    • 2016‑built multi‑use site with metal roof and steel/metal siding.
    • Banked semi‑oval red clay racetrack with grandstands, suite, and announcer booths.
    • Includes a fully equipped commercial kitchen, restrooms, and multiple existing buildings.
    • Well water and septic tank; electricity and infrastructure already on site.
    • 92 acres total, with 50+ acres undeveloped land including hardwood forests and pastures.
    • On‑site parking includes RV and gated oversize/off‑street parking options.

    Overview

    This 92.35-acre multi-use development opportunity combines a banked semi-oval red clay racetrack with grandstands, a suite, and announcer booths with additional commercial infrastructure. The site also includes existing structures such as a fully equipped commercial kitchen and restrooms, along with multiple buildings that can support operational needs for events, food service, or industrial uses. Beyond the improved areas, more than 50 acres remain undeveloped, featuring hardwood forests, pastures, and varied topography that can accommodate future development plans.

    Positioned in North East Texas near regional markets across Texas, Arkansas, Oklahoma, and Louisiana, the property is set up for connectivity to larger logistics and distribution corridors. On-site utilities include electricity and deep well water access, supporting both venue operations and industrial development. Highway accessibility is noted as a key factor for regional connectivity.

    For developers and investors, the mix of existing entertainment infrastructure and large acreage makes the property well suited to industrial and logistics expansion, including warehousing, fulfillment, or manufacturing-related projects. The current venue improvements also support motorsports and outdoor event concepts, including concerts and other large gatherings. With utilities in place and meaningful development flexibility across the land, it offers a strong platform for institutional or corporate growth strategies in the region.
    Location Intelligence

    Current Use by Public Records

    Race tracks

    Map

    City
    Maud
    County
    Bowie
    State
    Texas
    Longitude
    -94.40727404
    Latitude
    33.32732741

    FAQs

    What type of property is this?
    Race track - A rare motorsports and industrial development site with existing venue infrastructure and substantial undeveloped acreage.
    Where is this race track located?
    The property is located at 92ac Checkered Flag Way Maud, TX.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: 2016‑built multi‑use site with metal roof and steel/metal siding.; Banked semi‑oval red clay racetrack with grandstands, suite, and announcer booths.; Includes a fully equipped commercial kitchen, restrooms, and multiple existing buildings.
    (214) 770-6954
    We can help!
    Listing Contact
    Bruce Carr
    Bruce Carr
    Real Estate License ID: 0693884
    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.

    More about this property
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