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    Argyle Sec Fm 407 & Avalon Blvd Argyle, TX 76226

    Sponsored
    For Sale
    Contact for pricing

    Prime Denton County retail land, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 6.25-acre parcel, located at the intersection of FM 407 and Avalon Boulevard in Argyle, Texas (zip code 76226), presents a unique opportunity for commercial development. Zoned PD (Planned Development) for "Community Retail," this property boasts 343 feet of frontage along FM 407, offering excellent visibility and accessibility. The site is divisible into pads, making it ideal for multiple tenants or a larger-scale development. Infrastructure improvements are underway, with an internal roundabout and roadways scheduled for completion in the second quarter of 2024. Utilities will be stubbed to each pad, and the seller will deliver a rough-graded pad ready for construction. A Fast Lane Car Wash is commencing construction in Spring 2024, with a projected opening in Spring 2025, further enhancing the site's appeal and attracting significant traffic. This property is situated in the rapidly growing Denton County market, offering exceptional potential for investors and developers seeking a prime retail location. The property's location in Argyle, Texas, provides access to a thriving community and strong demographics. This is a rare opportunity to acquire a well-positioned, ready-to-develop retail site in a high-demand area.

    Property Features for Argyle Sec Fm 407 & Avalon Blvd

    General Information

    Property type
    Land
    Lot Size
    272,250 SF

    HighLights

    • 343 feet of frontage on FM 407.
    • Divisible into multiple pads.
    • Seller provides rough‑graded pad with utility stubs.
    • Site work and utilities are underway, including an internal roundabout and roadways, slated for completion Q2 2024.
    • Fast Lane Car Wash to begin construction Spring 2024, opening Spring 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Argyle
    County
    Denton
    State
    Texas
    Longitude
    -97.2215584
    Latitude
    33.1004298

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    FAQs

    What type of property is this?
    Land - Prime Denton County retail land, ready for development.
    Where is this land located?
    The property is located at Argyle Sec Fm 407 & Avalon Blvd Argyle, TX.
    What are key features of this property?
    This property features: 343 feet of frontage on FM 407.; Divisible into multiple pads.; Seller provides rough-graded pad with utility stubs.
    Request Owner's contact information
    Argyle Sec Fm 407 & Avalon Blvd Argyle, TX 76226
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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.

    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
    Argyle Sec Fm 407 & Avalon Blvd Argyle, TX 76226
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