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    Fm 368 Iowa Park, TX 76367
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    Fm 368 Iowa Park, TX 76367

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    • Land
    • 121.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Fm 368

    Lot size
    121.53 lot acres
    Property type
    Land

    Description

    This exceptional 121.53-acre property presents a unique investment opportunity in Archer County, Texas. Situated just outside the Holliday ETJ (Extra Territorial Jurisdiction) on FM 368, this expansive land parcel offers significant potential for various development projects. The property's substantial size provides ample space for a wide range of uses, subject to local zoning regulations. Its location in Holliday, Texas, offers a blend of rural tranquility and convenient access to nearby amenities and infrastructure. The land is classified as residential, opening possibilities for residential development, potentially including single-family homes, multi-family dwellings, or a planned community. Detailed zoning information for permitted uses should be independently verified with Archer County authorities. Given its size and location, this property is well-suited for investors seeking a large-scale project with considerable long-term growth potential. The property's address is FM 368, Holliday, TX 76367, with GPS coordinates 33.9513741 latitude and -98.6704085 longitude. Serious inquiries are encouraged to explore the full potential of this remarkable land offering. This information is deemed reliable but not guaranteed and 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
    Iowa Park
    County
    Archer
    State
    Texas
    Longitude
    -98.6704
    Latitude
    33.9514

    Comparable in this City

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      205.69 Acres

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      Land • 205.69 Acres
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    • Value Estimation by Request
      74.40 Acres

      3399 Peterson Rd

      Land • 74.40 Acres
      3399 Peterson Rd, Iowa Park, TX 76367
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    • Value Estimation by Request
      56.75 Acres

      2768 Peterson Rd

      Farms • 56.75 Acres
      2768 Peterson Rd, Iowa Park, TX 76367
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    • Value Estimation by Request
      1.45 Acres

      1376 Fm 368th S

      MOBILE HOME PARK, TRAILER PARK • 1.45 Acres
      1376 Fm 368th S, Iowa Park, TX 76367-2727
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    • Value Estimation by Request
      1.15 Acres

      1001 Wall St

      MOBILE HOME PARK, TRAILER PARK • 1.15 Acres
      1001 Wall St, Iowa Park, TX 76367-2650
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    • Value Estimation by Request
      0.81 Acres

      405 Aldine St

      MOBILE HOME PARK, TRAILER PARK • 0.81 Acres
      405 Aldine St, Iowa Park, TX 76367-1778
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    Similar Nearby for Sale

    • Contact for pricing

      Texas Land For Sale

      Land available for sale in Iowa Park, Texas.
      13914 Fm 368, Iowa Park, TX 76367
      View Details
    • Contact for pricing

      Holliday, Texas Land Investment

      Approximately 121.53 acres of land near Holliday, Texas.
      Fm 368, Holliday, TX 76367
      View Details
    • $474,900
      2,724 SF

      Two Homes on Two Acres

      Two homes, workshop, barn, pool on approximately two acres.
      1877 N Peterson Rd, Iowa Park, TX 76367
      View Details
    • $120,000
      1.47 Acres

      Residential Lot in Iowa Park

      1.47 acre corner lot with potential for homesites.
      1151 S Fm 368, Iowa Park, TX 76367
      View Details
    • $5,716,000
      2,858.00 Acres

      2858 Acres of Unimproved Land

      Large acreage with multiple potential uses near Wichita Falls.
      6213 Headquarters Rd, Iowa Park, TX 76367
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    • $1,142,190
      126.91 Acres

      Texas Ranch Land For Sale

      126.91 acre ranch land with highway access.
      3361 Us Highway 287 East, Iowa Park, TX 76367
      View Details
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    Iowa Park, TX 76367
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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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