Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gun Barrel City Land Opportunity Title is generated by Realmo AI

    Heritage Parkway, Gun Barrel City, TX 75156

    View on Map
    Claim this Listing
    For Sale
    $695,500

    LAND - Gun Barrel City, TX

    Lot size:
    4.26 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    99
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for Heritage Parkway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    4914, 4915
    Lot size
    4.26 Acres

    We can help!

    Listing Contact
    Phillip Boswell

    Listing agent Phillip Boswell License #0516443

    Listing office The Michael Group Dallas, TX

    Listing date Feb 24, 2026

    MLS# 21151961 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

    • Two Lots Included
    • Located in Gun Barrel City
    • Zoned B‑2, General Business
    • Located in an 'Opportunity Zone'
    • Perfect Location
    • Coordinates Provided: [-96.14272,32.331722]

    Overview

    This offering consists of two lots situated in Gun Barrel City, Texas. The lots are located within an Opportunity Zone and are zoned B-2, General Business. The total lot size is 4.26 acres. This property is located in the heart of Gun Barrel City.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gun Barrel City
    County
    Henderson
    State
    Texas
    Longitude
    -96.142721
    Latitude
    32.331721

    Nearby Similar for Sale

    • $775,000

      Commercial Development Land with Multiple Tracts

      Zoned B-2 and laid out for multiple phases, this visible site offers planned drive access for a range of commercial uses.
      762 E Main Street, Gun Barrel City, TX 75156
      View Details
    • $775,000

      Zoned Commercial Development Land

      7.06-acre tract with flexible B-2 zoning and major frontage on E. Main Street for retail, office, medical, or storage concepts.
      762 E Main Street, Gun Barrel City, TX 75156
      View Details
    • $1,200,000

      Flex Building with Office and Warehouse

      Multi-use flex building with office, warehouse space, and strong road visibility on a high-traffic corridor.
      2106 W Main Street, Gun Barrel City, TX 75156
      View Details
    • $300,000

      Commercial Office and Storage Building

      Versatile commercial building with offices, restrooms, and updated major systems—plus room to park and additional storage.
      402 Legendary Lane, Gun Barrel City, TX 75156
      View Details
    • $290,000

      Cleared Commercial Development Land

      Nearly 3 acres of build-ready, cleared land with utilities stubbed and gentle topography for a range of commercial concepts.
      State Hwy 198, Gun Barrel City, TX 75156
      View Details
    • $260,000

      High-Visibility Commercial Land Site

      Three build-ready lots with major-route frontage and utilities at the road, positioned for commercial development or investment.
      N Gun Barrel Lane, Gun Barrel City, TX 75156
      View Details
    • $125,000

      B-2 Zoned Commercial Land

      Commercially zoned land in Gun Barrel City offers flexible development options for retail and service uses.
      1419 E Main Street, Gun Barrel City, TX 75156
      View Details
    • $1,200,000
      8,421 SF

      Gun Barrel City Commercial Property

      Commercial property with office and warehouse space on one acre.
      2106 W Main St, Gun Barrel City, TX 75156
      View Details
    • $450,000

      Development-Ready Corner Commercial Lot

      Level, city-served corner lot with high-visibility Main Street frontage for flexible commercial development.
      1.7 Acres E Main Street, Gun Barrel City, TX 75156
      View Details
    • $450,000

      Corner Commercial Development Land

      Corner site with main-street visibility and level, open layout, supported by utilities at the street for future development.
      1.7 Acres E Main Street, Gun Barrel City, TX 75156
      View Details
    • $1,250,000

      Commercial Development Land

      Large tract with strong frontage and easy retail-route access, offering rare cost advantages for long-term development holds.
      Harbor Point Road, Gun Barrel City, TX 75156
      View Details
    • $299,000

      Corner Retail Land with Building

      Investment-ready corner lot with an existing building, previously used as a liquor store, offering flexibility for other business uses.
      2324 W Main Street, Gun Barrel City, TX 75156
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two lots in Gun Barrel City's Opportunity Zone.
    Where is this commercial land located?
    The property is located at Heritage Parkway Gun Barrel City, TX.
    What is the asking price?
    The asking price for this property is $695,500.
    What are key features of this property?
    This property features: Two Lots Included; Located in Gun Barrel City; Zoned B‑2, General Business
    (214) 692-6400
    We can help!
    Listing Contact
    Phillip Boswell
    Real Estate License ID: 0516443
    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
    Heritage Parkway, Gun Barrel City, TX 75156
    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!