Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12509 Strittmatter Rd Pilot Point, TX 76258
    Back to Search
    Property profile & analytics

    12509 Strittmatter Rd Pilot Point, TX 76258

    View on Map
    • Land
    • 171.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 12509 Strittmatter Rd

    Lot size
    171.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 171-acre property in Pilot Point, Denton County, Texas, presents a unique investment opportunity. Currently operating as a family ranch for over four decades, the land boasts three existing homes, a one-bedroom, one-bathroom apartment, and a substantial 10,000-square-foot shop complete with water and electricity. The shop offers ample storage and workspace. Additional structures provide storage for equipment and hay. The property features cross-fencing for efficient livestock management, and convenient access is provided via Highway 455 and Strittmatter Road. A natural water feature, Pecan Creek, traverses the land, ensuring a consistent water supply. The location offers unparalleled convenience, situated less than ten minutes from the North Dallas Tollway expansion, thirty minutes from Frisco and Lake Ray Roberts, and within an hour's drive of casinos. This versatile property is ideally suited for developers and investors seeking to create a remarkable residential or commercial development, potentially incorporating the existing structures and the creek into a stunning water feature. The asking price is $10,000,000. The property's zoning and potential uses should be independently verified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pilot Point
    County
    Denton
    State
    Texas
    Longitude
    -96.9197
    Latitude
    33.3776

    Comparable in this City

    • Value Estimation by Request

      10815 Hames Rd

      Farms
      10815 Hames Rd, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request
      159.48 Acres

      2110 Stiff Chapel Rd

      Farms • 159.48 Acres
      2110 Stiff Chapel Rd, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request
      35.45 Acres

      Black Jack Rd

      Farms • 35.45 Acres
      0 Black Jack Rd, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request
      16.00 Acres

      Joe Allen Rd

      Land • 16.00 Acres
      0 Joe Allen Rd, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request
      6.00 Acres

      215 Emberson Chapel Rd

      Self storage facilities • 4,000 SF
      215 Emberson Chapel Rd, Pilot Point, TX 76258
      View Details
    • Value Estimation by Request
      3.93 Acres

      Tbd Jc Ln

      Land • 3.93 Acres
      0 Tbd Jc Ln, Pilot Point, TX 76258
      View Details

    Similar Nearby for Sale

    • $990,000
      16.64 Acres

      Pilot Point Land Investment Opportunity

      16.64 acres near Dallas North Tollway, suitable for development.
      Tbd Joe Allen Rd, 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 St, Pilot Point, TX 76258
      View Details
    • $4,500,000
      8,393 SF

      Luxury Estate with Lake Views

      Refined country living on 30.11 acres in Pilot Point.
      701 W Walcott St, 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
    • $1,750,000
      2,128 SF

      Pilot Point Ranch Opportunity

      18-acre AG EXEMPT working ranch in Pilot Point, Texas.
      9979 Oak Creek Dr, Pilot Point, TX 76258
      View Details
    • $1,900,000
      4,449 SF

      Spacious Home on Unrestricted Land

      4-bedroom home with equestrian facilities and development potential.
      11410 Massey Rd, Pilot Point, TX 76258
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Rent

      Single tenant retail space available, 1,250 SqFt.
      224 W Liberty St, Pilot Point, TX 76258
      View Details
    • $2,000 /Mo
      18,861 SF

      Pilot Point Office Space Available

      Office space for lease in Pilot Point, Texas.
      1013 Highway 377 S, Pilot Point, TX 76258
      View Details
    • Contact for pricing
      3,168 SF

      Pilot Point Commercial Space For Lease

      Commercial building near historic downtown Pilot Point, Texas.
      424 S Washington St, Pilot Point, TX 76258
      View Details
    • $4,500 /Mo
      3,200 SF

      Pilot Point Warehouse with Fenced Yard

      3,200 SF warehouse with fenced yard near Dallas North Tollway.
      11416 Hames Rd, Pilot Point, TX 76258
      View Details
    • $4,500 /Mo
      3,200 SF

      Versatile Commercial Space For Rent

      3200 sqft commercial space suitable for office or retail.
      11416 Hames Rd, Pilot Point, TX 76258
      View Details
    • $7,500 /Mo
      6,400 SF

      Versatile Commercial Space For Rent

      6400 sqft commercial property suitable for various business needs.
      11416 Hames Rd, Pilot Point, TX 76258
      View Details
    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.
    12509 Strittmatter Rd
    Pilot Point, TX 76258
    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
    12509 Strittmatter Rd, 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!