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    Residential Land Development Opportunity Title is generated by Realmo AI

    Tbd Metz Road, Sanger, TX 76266

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    Claim this Listing
    For Sale
    $2,750,000

    Unimproved Land - Sanger, TX

    Type:Unimproved Land
    Lot size:
    55.27 Acres
    Added:
    May 13, 2026
    Days on Market:
    12
    Last Refresh:
    May 24 at 4:06 am

    Property Features for Tbd Metz Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R59572
    Lot size
    55.27 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Keith Smith
    Keith Smith

    Listing agent Keith Smith License #0232535

    Listing office Keith W Smith 7457 Daffodil Way, Dallas, TX

    Listing date May 13, 2026

    MLS# 21269441 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

    • Large residential lots: 30 lots averaging 1.67 acres in a desirable North Texas location.
    • Prepaid impact and capital recovery fees: $10,250 per lot, eliminating significant upfront costs.
    • No HOA or detention/retention ponds: Offers greater flexibility and reduced ongoing costs.
    • Approved civil plans & durable infrastructure: Ready for immediate development with 8‑inch concrete road construction.
    • Strategic location: Close to I‑35, a Walmart Distribution Center, and Star Business Park.
    • Sanger ISD: Serviced by Sanger Independent School District.

    Overview

    This 55.5-acre land development, named Lonesome Dove, is located at the southwest corner of Metz Road and Hoehn Road in Sanger, Texas, within Denton County and just outside the city limits. The development comprises 30 residential lots, averaging 1.67 acres each, with lot sizes ranging from 1.4 to 3.1 acres. The location is 3.5 miles west of the I-35 Walmart Distribution Center and near the 28-acre Star Business Park, an industrial and office warehouse space development. It is serviced by Sanger ISD and is accessible, being 20 minutes from Denton and 46 miles from Dallas Fort Worth International Airport DFW. The civil plans are fully approved, ready to develop the center road with 8 inches of concrete. All required impact and capital recovery fees are prepaid. Prepayment of impact-capital recovery fees to Boliver Water totaling $307,500 is included in the pricing structure, at $10,250 per lot. There is no HOA required, and no detention or retention pond is needed. There is no MUD or PID.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sanger
    County
    Denton
    State
    Texas
    Longitude
    -97.1929869
    Latitude
    33.4189571

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    FAQs

    What type of property is this?
    Residential land & home lot - 55.5-acre land development with 30 residential lots in Sanger, TX.
    Where is this residential land & home lot located?
    The property is located at Tbd Metz Road Sanger, TX.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Large residential lots: 30 lots averaging 1.67 acres in a desirable North Texas location.; Prepaid impact and capital recovery fees: $10,250 per lot, eliminating significant upfront costs.; No HOA or detention/retention ponds: Offers greater flexibility and reduced ongoing costs.
    (469) 877-3766
    We can help!
    Listing Contact
    Keith Smith
    Keith Smith
    Real Estate License ID: 0232535
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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.

    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.

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