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

    4225 Troy Rd Wylie, TX 75098

    Sponsored
    For Sale
    $440,000

    Prime 4-acre commercial tract in Wylie, TX. Ideal for diverse development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    410
    This exceptional 4-acre commercial property, located at 4225 Troy Rd in Wylie, Texas (Dallas County, zip code 75098), presents a unique investment opportunity. The land is currently unincorporated, offering freedom from city regulations and zoning restrictions. This allows for a wide range of development possibilities, including RV parks, storage facilities, flex spaces, or even a business operation with ample room for expansion. The property boasts a substantial water line capable of supporting significant development. Previously used for mobile homes, the site features three existing septic tanks and water meters, which could be repurposed for RV or mobile home spaces in the interim. The property is being sold in conjunction with the adjacent 2-acre parcel at 4227 Troy Road, totaling 4 acres. An additional 5 acres are also available for purchase, expanding the total acreage to 9. Enjoy the benefits of no city taxes, and the freedom to utilize the land for various purposes, including recreational activities such as shooting and fireworks (subject to all applicable state and federal laws). This versatile property offers significant potential for investors seeking a flexible and unrestricted development site in a desirable Texas location.

    Property Features for 4225 Troy Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    87,120 SF

    We can help!

    Listing Contact
    Karan Patel
    Karan Patel

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store Kitchen & Bath HVAC Service Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Wylie
    County
    Dallas
    State
    Texas
    Longitude
    -96.5185574
    Latitude
    32.9649457

    Nearby Similar for Sale

    • $1,595,000
      1.66 Acres

      Highway 78 Development Opportunity

      1.65-acre parcel with redevelopment potential in Wylie, Texas.
      2650 Highway 78 N, Wylie, TX 75098
      View Details
    • $1,790,000
      6,357 SF

      Wylie Industrial Building For Sale

      6,984 SF industrial building in high-growth Wylie area.
      211 Regency Dr, Wylie, TX 75098
      View Details
    • $249,900
      0.18 Acres

      Unique Wylie Property on Main Thoroughfare

      Property in ETJ with high traffic count and endless possibilities.
      514 N Ballard Ave, Wylie, TX 75098
      View Details
    • $2,401,000
      10,098 SF

      Wylie, TX Retail Investment Opportunity

      Retail property in Wylie, TX with established childcare tenant.
      120 S Birmingham St, Wylie, TX 75098
      View Details
    • $895,000

      Industrial Property Near Lake Lavon

      Versatile industrial property suitable for various businesses near Lake Lavon.
      2915 Skyview Dr, Wylie, TX 75098
      View Details
    • $3,084,112
      2,824 SF

      New Construction NNN Ground Lease

      New construction NNN ground lease in fast-growing Wylie, Texas.
      2050 State Hwy, Wylie, TX
      View Details
    • $287,500
      1,221 SF

      Updated Home in Birmingham Farms

      Charming, updated 3-bedroom home in Wylie's Birmingham Farms neighborhood.
      908 Greene Way, Wylie, TX 75098
      View Details
    • $2,925,000
      15,000 SF

      Wylie Flex Building For Sale

      15,000 SF flex building in high-growth Wylie, Texas.
      1703 Martinez Ln, Wylie, TX 75098
      View Details
    • $2,512,000
      11,267 SF

      New Dollar General NNN Lease

      New construction Dollar General with a 15-year absolute NNN lease.
      1951 S State Hwy, Wylie, TX
      View Details
    • $2,643,000
      2,225 SF

      Wylie, TX Starbucks Investment Property

      NN leased Starbucks in Wylie, TX with long-term lease.
      1804 S State Hwy, Wylie, TX
      View Details
    • $1,600,000
      6,072 SF

      Modernized Warehouse on 2 Acres

      6,072 SF clear-span warehouse on 2.02 acres in Wylie, TX.
      703 Highway 78 N, Wylie, TX 75098
      View Details
    • Contact for pricing
      7,700 SF

      Retail Space Anchored by Kroger

      Retail property with frontage on FM 544, anchored by Kroger.
      2600 W Fm 544, Wylie, TX 75098
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime 4-acre commercial tract in Wylie, TX. Ideal for diverse development.
    Where is this mixed-use property located?
    The property is located at 4225 Troy Rd Wylie, TX.
    What is the asking price?
    The asking price for this property is $440,000.
    Request Owner's contact information
    4225 Troy Rd Wylie, TX 75098
    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.
    4225 Troy Rd
    Wylie, TX 75098
    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
    4225 Troy Rd Wylie, TX 75098
    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
    Karan Patel
    Karan Patel
    Real Estate License ID: TX 0663879
    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.