Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    740 Fm Rd Heath, TX 75126
    Back to Search
    Property profile & analytics

    740 Fm Rd, Heath, TX 75126

    View on Map
    • Commercial real estate
    • 6.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 740 Fm Rd

    Lot size
    6.80 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6.8-acre property presents a unique opportunity for discerning buyers seeking a prestigious location for residential development or a sprawling private estate. Situated in the highly desirable Heath, Texas community, this land offers a tranquil setting bordering large estates and farmland, ensuring privacy and exclusivity. The expansive acreage allows for numerous configurations, making it suitable for the creation of multiple luxury homes or a single, magnificent estate. Heath itself is a premier residential area, conveniently located approximately 30 minutes from Downtown Dallas. Residents enjoy access to a range of amenities, including a prestigious Golf Club, a Yacht Club, exemplary schools renowned for their high academic standards, and an extensive network of 17 miles of hike and bike trails. The property's location along the shores of Lake Ray Hubbard further enhances its appeal, offering residents access to recreational water activities and stunning lake views. This is an unparalleled chance to build your dream home or develop a collection of luxury residences in one of the most sought-after communities in the Dallas area. The property is priced at $750,000. Further details regarding zoning and development possibilities are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Kaufman
    State
    Texas
    Longitude
    -96.4622
    Latitude
    32.769

    Comparable in this City

    • Value Estimation by Request
      40.00 Acres

      Pinson Rd

      Land
      0 Pinson Rd, Forney, TX 75126
      View Details
    • Value Estimation by Request
      43.32 Acres

      Fm Rd

      COMMERCIAL (GENERAL)
      Fm Rd, Forney, TX 75126
      View Details
    • Value Estimation by Request
      0.00 Acres

      Main Elm St

      COMMERCIAL (GENERAL)
      Main Elm St, Forney, TX 75126
      View Details
    • Value Estimation by Request
      0.11 Acres

      Forney, TX 75126

      COMMERCIAL (GENERAL)
      Forney, TX 75126
      View Details
    • Value Estimation by Request
      4.98 Acres

      Fm Rd

      COMMERCIAL (GENERAL)
      Fm Rd, Forney, TX 75126
      View Details
    • Value Estimation by Request
      8.66 Acres

      Spyglass Dr

      COMMERCIAL (GENERAL)
      Spyglass Dr, Forney, TX 75126
      View Details

    Similar Nearby for Sale

    • $875,000
      6.62 Acres

      Forney, TX - 6.62 Acres

      Prime Forney Land - Endless Potential
      00 Fm 548, Forney, TX 75126
      View Details
    • $4,145,295
      6.82 Acres

      I-20 Forney Commercial Land Opportunity

      High-traffic corner lot, 6.82 acres.
      I-20 Service & Helms, Forney, TX 75126
      View Details
    • Contact for pricing

      Land For Sale

      1.5 acres of land available for purchase.
      505 E Us Highway 80, Forney, TX 75126
      View Details
    • Contact for pricing
      1,613 SF

      Commercial Property in Prime Location

      High-visibility commercial property near downtown Forney with versatile potential.
      505 E Broad St, Forney, TX 75126
      View Details
    • $700,000
      3.83 Acres

      Improved Land Outside City Limits

      Flexible property with utilities, home, and oversized garage.
      10759 Neal Rd, Forney, TX 75126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Space in Growing Suburb

      Retail spaces available in high-growth Forney, Texas.
      157 Marketplace Blvd, Forney, TX 75126
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space in Forney, TX

      Retail space available in high-growth Forney retail corridor.
      780 E Us Highway 80, Forney, TX 75126
      View Details
    • Contact for pricing
      2,641 SF

      Forney Medical Plaza Office Space

      Medical office space with highway signage and emergency services.
      757 E Us Highway 80, Forney, TX 75126
      View Details
    • Contact for pricing
      10,450 SF

      Retail Space in Growing Suburb

      Retail spaces available in high-growth Forney, Texas.
      182 Trailhouse Ln, Forney, TX 75126
      View Details
    • Contact for pricing

      Versatile Catering Facility in Forney

      Full-service catering facility or warehouse space available for rent.
      9675 Helms Trl, Forney, TX 75126
      View Details
    • Contact for pricing
      5,000 SF

      Forney Flex Space Available

      Flex space available with on-site management and flexible lease terms.
      12201 Currency Cir, Forney, TX 75126
      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.
    740 Fm Rd
    Heath, TX 75126
    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
    740 Fm Rd, Heath, TX, 75126
    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!