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    377 And Vlg Way Argyle, TX 76226

    • Land
    • 0.66 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 377 And Vlg Way

    Lot size
    0.66 lot acres
    Property type
    Land

    Description

    This exceptional commercial land parcel, located at the northeast corner of US 377 and Village Way in Argyle, Texas (zip code 76226), presents a unique investment opportunity. The property boasts a sizable area ranging from 0.66 to 12.81 acres, offering significant development potential. Currently zoned PD-OT-1, this versatile zoning allows for the construction of multiple buildings, making it ideal for a variety of commercial uses. The strategic location at a major intersection provides excellent visibility and accessibility, ensuring high traffic flow and potential for strong tenant interest. The property's size and zoning flexibility make it suitable for a wide range of commercial projects, from retail centers and office spaces to light industrial facilities. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area of Denton County, Texas. The precise acreage will be confirmed through a survey. Serious inquiries are encouraged to explore the possibilities of this prime commercial land. The asking price is to be determined. This property is offered for sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Argyle
    County
    Denton
    State
    Texas
    Longitude
    -97.1838
    Latitude
    33.1249

    Comparable in this City

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      50.47 Acres

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      5.88 Acres

      377 And Harpole Rd

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      32.00 Acres

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      Farms • 32.00 Acres
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      I-35W

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    Similar Nearby for Sale

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      32.00 Acres

      Argyle Land: I-35W & FM 407

      32 Acres, Prime Commercial/Ag Land
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      Argyle Commercial Land Opportunity

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      35W At Fm 407, Argyle, TX 76226
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    • $14,500,000
      25.23 Acres

      Argyle Station: Prime Commercial Land

      25-acre commercial land, high-growth area.
      377 At Country Clb, Argyle, TX 76226
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      10.00 Acres

      Northlake Acres: 10-Acre Development Land

      10 acres, unrestricted Denton County land. Build-to-suit option available.
      7515 Faught Rd, Argyle, TX 76226
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    • Contact for pricing
      0.66 Acres

      Argyle, TX Commercial Land Tract

      Prime Commercial Land - Multiple Buildings Permitted
      377 And Vlg Way, Argyle, TX 76226
      View Details
    • $3,375,000
      5.88 Acres

      Argyle, TX Commercial Land

      5.88 Acres, High-Traffic Location
      377 And Harpole Rd, Northlake, TX 76226
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    Similar Nearby for Lease

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      17.93 Acre Retail Development Land

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      Retail Opportunity Along Interstate 35W

      Approximately 35 acres of retail space for lease.
      1226 Fm 407, Argyle, TX 76226
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      Argyle Flex Space Available

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      Retail Space on FM 407

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      125 Fm 407 East, Argyle, TX 76226
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      Sanger, TX Flex Warehouse

      Industrial flex warehouse for lease with easy Interstate 35 access.
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    • $11 SF/Yr
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      Industrial Flex Space Available

      Industrial flex space for rent with no zoning restrictions.
      979 Stonecrest Rd, Argyle, TX 76226
      View Details
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    377 And Vlg Way
    Argyle, TX 76226
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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.

    More about this property
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