Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ranch-Ready Land with Pond Title is generated by Realmo AI

    Friendship Road, Pilot Point, TX 76258

    View on Map
    Claim this Listing
    For Sale
    $7,020,000

    LAND - Other - Pilot Point, TX

    Lot size:
    61.70 Acres
    Added:
    Mar 28, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 2 at 10:06 pm

    Property Features for Friendship Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed
    Fencing
    Fenced
    Standard status
    Active
    APN
    R231984
    Lot size
    61.70 Acres

    Taxes and HOA fees

    Tax Description
    A0126A N. BOX, TR 1B,1C,1D, 61.7 ACRES
    Tax Annual Amount
    443

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Donna Morgan

    Listing agent Donna Morgan

    Listing office Donna Morgan, Broker TX

    Listing date Mar 28, 2026

    MLS# 21113926 Listing URL

    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

    • Fenced land in South Pilot Point with scattered trees and a pond with an island
    • Mega road frontage
    • Includes 4 turn‑out sheds plus 24x36 shed and 24x24 shed with overhangs
    • Water meter in place; electric is easily accessible
    • Potential for agricultural lease back for hay production to maintain agricultural exemption (can be arranged)

    Overview

    This sale offers expansive ranch-style acreage featuring scattered trees and a pond with an island. Improvements include four turn-out sheds, plus two enclosed structures with overhangs sized at 24 by 36 and 24 by 24, providing practical coverage for animals and day-to-day ranch needs. The property also has a water meter already in place, and electricity is described as readily accessible.

    Situated in a desirable area of South Pilot Point, the land benefits from “mega road frontage,” creating flexible positioning for access and future plans. The listing describes an easy drive to the toll road and to nearby communities including Denton, Celina, Pilot Point, and Frisco, with the airport noted as approximately 45 minutes away.

    The overall configuration supports multiple pathways for buyers seeking agricultural use and lifestyle functionality. The property is positioned as a strong fit for a horse ranch or other ranching use, and the listing notes that a lease-back for hay production can be arranged to help maintain an agricultural exemption. For investors, the combination of natural amenities, existing ranch improvements, and holding potential makes it an appealing option for long-term ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Pilot Point
    County
    Denton
    State
    Texas
    Longitude
    -96.968086
    Latitude
    33.346213

    Nearby Similar for Sale

    • $1,590,000
      9,000 SF

      Highway 377 Commercial Property

      Commercial property with highway access in a growing North Texas market.
      1200 S Highway 377, Pilot Point, TX 76258
      View Details
    • $1,179,000

      Historic Retail Building on Town Square

      Charming retail building in historic Pilot Point town square.
      115 S Jefferson Street, Pilot Point, TX 76258
      View Details
    • $659,000

      Historic Retail Building in Pilot Point

      Charming 1882 building in historic Pilot Point town square.
      109 S Jefferson Street, Pilot Point, TX 76258
      View Details
    • $1,350,000

      Historic Downtown Workshop Building

      Landmark property in downtown Pilot Point, anchored by decades of welding operations and positioned for retail, office, or workshop use.
      111 E Liberty Street, Pilot Point, TX 76258
      View Details
    • $2,350,000
      2,168 SF

      Pilot Point Ranch with AG Exemption

      10.53 acres with AG exemption near future Dallas North Tollway.
      13357 Fm 1385, Pilot Point, TX 76258
      View Details
    • $1,740,420
      4,449 SF

      Pilot Point Ranch with Acreage

      18.75 acre ranch featuring a custom 2-story brick house.
      11410 Massey Road, Pilot Point, TX 76258
      View Details
    • $250,000

      Half Acre Corner Commercial Lot

      Corner lot in downtown Pilot Point, zoned C2.
      209 N Hill Street, Pilot Point, TX 76258
      View Details
    • $885,000

      HVAC Industrial Building in Pilot Point

      Clean, fully HVAC building with quality interior finishes.
      1208 N Industrial Boulevard, Pilot Point, TX 76258
      View Details
    • $8,990,000

      Prime Development Land Tract

      A high-exposure development tract with substantial highway frontage and flexible acreage for commercial or mixed-use plans.
      Hwy 377, Pilot Point, TX 76258
      View Details
    • $15,000,000
      21,415 SF

      Office Laboratory and Residential Estate

      Leased residences plus a sizable office laboratory building with on-site water and sewer, positioned for flexible mixed-use redevelopment.
      801 S Highway 377, Pilot Point, TX 76258
      View Details
    • $899,900
      3,294 SF

      Restored Victorian Farmhouse on Acreage

      Historic 1894 Victorian farmhouse on 6 acres in Pilot Point.
      405 W Clifton Street, Pilot Point, TX 76258
      View Details
    • $3,250,000

      26 Acres in Pilot Point

      26.07 acres in Pilot Point with city utilities.
      819 S Morrison Street, Pilot Point, TX 76258
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 61.7 acres with a pond and scattered trees, designed for horses, ranch operations, or long-term investment holds.
    Where is this agricultural land / farmland located?
    The property is located at Friendship Road Pilot Point, TX.
    What is the asking price?
    The asking price for this property is $7,020,000.
    What are key features of this property?
    This property features: Fenced land in South Pilot Point with scattered trees and a pond with an island; Mega road frontage; Includes 4 turn‑out sheds plus 24x36 shed and 24x24 shed with overhangs
    (940) 367-3555
    We can help!
    Listing Contact
    Donna Morgan
    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
    Friendship Road, Pilot Point, TX 76258
    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!