Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Willow Park Commercial Development Opportunity Title is generated by Realmo AI

    E Bankhead Highway, Willow Park, TX 76008

    View on Map
    Claim this Listing
    For Sale
    $2,165,803

    LAND - Willow Park, TX

    Lot size:
    2.49 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for E Bankhead Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000125053
    Lot size
    2.49 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2000
    Floors in Building
    1

    We can help!

    Listing Contact
    Ron Hughes

    Listing agent Ron Hughes License #0583786

    Listing office Railhead Realty, LLC Willow Park, TX

    Listing date Apr 23, 2026

    MLS# 21125655

    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

    • Prime location on Bankhead Hwy with close proximity to I‑20 and easy access.
    • 2.49‑acre property suitable for commercial or light industrial use.
    • Flat topography ideal for buildings, equipment, and parking.
    • Located in the ETJ (Extraterritorial Jurisdiction).
    • Contiguous with annexed property, allowing annexation into the City of Willow Park.
    • Great opportunity in a growing area.

    Overview

    This 2.49-acre property, located on Bankhead Hwy in Willow Park, TX, presents a commercial development opportunity with close proximity to I-20 and easy access. Situated in the ETJ, the property is suitable for commercial or light industrial use. The property can be annexed into the City of Willow Park as it is contiguous with annexed property. Its flat topography provides space for buildings, equipment, and parking, making it ideal for a variety of developments. This property is located in a growing area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Willow Park
    County
    Parker
    State
    Texas
    Longitude
    -97.63376823
    Latitude
    32.72831828

    Nearby Similar for Sale

    • $9,650,000

      Mixed-Use Business Park

      Well-leased mixed-use business park with a medical, retail, and office tenant mix across remodeled and newer spaces.
      9899 E Bankhead Highway, Willow Park, TX 76008
      View Details
    • $1,675,000

      Renovated Office Space in Willow Park

      Newly renovated office space for sale or lease in Willow Park.
      721 Ranch House Road, Willow Park, TX 76087
      View Details
    • $10,220,000

      Agricultural Land with Road Frontage

      Large tract in eastern Parker County with expansive acreage, agricultural exemption status, and strong utility exposure for future development.
      4500 White Settlement Road, Willow Park, TX 76087
      View Details
    • $653,726

      Prime Land on Bustling Road

      0.667 acre commercial land with high visibility and accessibility.
      Willow, Willow Park, TX 76088
      View Details
    • $718,740

      Commercial Pad Site with High Visibility

      Prime commercial land with open pad potential and prominent frontage on IH 20 for a range of business uses.
      Shops Boulevard, Willow Park, TX 76087
      View Details
    • $145,000

      Willow Park Acre Homesite

      One acre homesite with views and mature trees.
      459 Point Court, Willow Park, TX 76087
      View Details
    • $300,000

      Willow Park Acreage Homesite Opportunity

      1.005 acre homesite in Willow Park, Aledo ISD.
      319 Fairway Drive, Willow Park, TX 76087
      View Details
    • $718,740

      Commercial Land Tract with IH-20 Frontage

      Build-ready commercial pad on a high-visibility tract with direct IH-20 and service road frontage in Willow Park.
      Shops Boulevard, Willow Park, TX 76087
      View Details
    • $2,727,721

      Willow Park Commercial Development Land

      2.02 acres at I-20 and JD Towles Drive.
      TBD 2.02 Ih-20, Willow Park, TX 76087
      View Details
    • $2,648,448

      Commercial Development Land Site

      High-visibility I-20 frontage with utility access and approved drive entries for retail, restaurant, or other commercial uses.
      I-20 lot: 4, Willow Park, TX 76087
      View Details
    • $2,604,888

      Prime Commercial Development Land

      A ready-to-develop site with TXDOT entrances and utilities for restaurant, retail, or business uses.
      I-20 lot: 3, Willow Park, TX 76087
      View Details
    • $3,670,365

      Commercial Development Land with Major Road Frontage

      Open pad commercial tract with prominent road visibility, well-suited for restaurant, retail, or office development near growing retail nodes.
      Shops Boulevard, Willow Park, TX 76087
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.49-acre property ideal for commercial or light industrial use.
    Where is this commercial land located?
    The property is located at E Bankhead Highway Willow Park, TX.
    What is the asking price?
    The asking price for this property is $2,165,803.
    What are key features of this property?
    This property features: Prime location on Bankhead Hwy with close proximity to I‑20 and easy access.; 2.49‑acre property suitable for commercial or light industrial use.; Flat topography ideal for buildings, equipment, and parking.
    (817) 441-2255
    We can help!
    Listing Contact
    Ron Hughes
    Real Estate License ID: 0583786
    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
    E Bankhead Highway, Willow Park, TX 76008
    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!