Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    223 Dr M Roper Pkwy Bullard, TX 75757

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    223 Dr M Roper Pkwy Bullard, TX 75757

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

    Current Use by Public Records

    • Land

    Property Details for 223 Dr M Roper Pkwy

    Lot size
    8.34 lot acres
    Property type
    Land

    Description

    This exceptional 8.34-acre commercial land parcel presents a compelling investment opportunity in Bullard, Texas. Strategically located on the feeder road of Highway 69 South, just north of the intersection with County Road 344, this property benefits from high visibility and convenient access. Highway 69 boasts over 15,000 vehicles daily, ensuring significant traffic exposure for any development. The C-1 (Light Commercial) zoning allows for a diverse range of commercial uses, including offices, retail spaces (restaurants included), multi-family dwellings, and banks. All utilities are readily available on-site, facilitating immediate development. The asking price is $850,000, translating to a land value of $2.33 per square foot. The seller is open to subdividing the land to accommodate buyer needs and is also offering owner financing options, making this an attractive proposition for various investment strategies. This prime acreage sits in a rapidly growing area between Tyler and Bullard, promising strong future returns. The property's address is 223 S Dr M Roper Pkwy, Bullard, TX 75757, in Smith County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bullard
    County
    Smith
    State
    Texas
    Longitude
    -95.3124
    Latitude
    32.1437

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      107 Reunion Pl

      Land • 1.50 Acres
      107 Reunion Pl, Bullard, TX 75757
      View Details
    • Value Estimation by Request
      2.33 Acres

      411 Hwy 69

      Farms • 2.33 Acres
      411 Hwy 69, Bullard, TX 75757
      View Details
    • Value Estimation by Request
      0.72 Acres

      320 Dr M Roper Pkwy

      Land • 0.72 Acres
      320 Dr M Roper Pkwy, Bullard, TX 75757
      View Details
    • Value Estimation by Request
      0.36 Acres

      1061 San Saba St

      Land • 0.36 Acres
      1061 San Saba St, Bullard, TX 75757
      View Details
    • Value Estimation by Request
      1.00 Acre

      Nwc Of Us-69 & Main St

      Land • 1.00 Acre
      0 Nwc Of Us-69 & Main St, Bullard, TX 75757
      View Details
    • Value Estimation by Request
      13.33 Acres

      69 Hwy

      Land • 13.33 Acres
      69 Hwy, Bullard, TX 75757
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for purchase in Bullard, Texas.
      155 Amherst Ct, Bullard, TX 75757
      View Details
    • $875,000
      32.46 Acres

      Prime Bullard Acreage For Development

      32 acre tract in Bullard ISD, primed for development.
      739 Fm 344 W, Bullard, TX 75757
      View Details
    • $115,000
      2.23 Acres

      2+ Acre Lot in Bullard

      2+ acre lot in Bullard ISD with no restrictions.
      268 County Road 3607, Bullard, TX 75757
      View Details
    • $1,263,086
      5.41 Acres

      Bullard Hwy 69 Commercial Land

      Prime Hwy 69 acreage, commercial zoning.
      69 Hwy, Bullard, TX 75757
      View Details
    • $1,791,744
      7.68 Acres

      Bullard Hwy 69 Commercial Land

      Prime 7.68-acre commercial tract. Highway frontage.
      504 Us Highway 69, Bullard, TX 75757
      View Details
    • $69,000
      0.25 Acres

      Residential Land in Cumberland Ridge

      0.252 acre lot in Lake Palestine community.
      15752 Meadow Cir, Bullard, TX 75757
      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.
    223 Dr M Roper Pkwy
    Bullard, TX 75757
    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

    223 Dr M Roper Pkwy, Bullard, TX, 75757

    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!