Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    10759 Neal Rd Forney, TX 75126

    • Manufacturing properties
    • 1,300 SF
    • 3.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3978053
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 10759 Neal Rd

    Lot size
    3.40 lot acres
    Property size
    1,300 SF
    Property type
    Manufacturing properties
    Property subtype
    Flex space

    Description

    This exceptional owner-user property presents a unique live/work opportunity in Forney, Texas. Located at 10759 Neal Rd, 75126, this 3.4-acre lot boasts a 1,300 square foot building suitable for various industrial uses, including distribution, flex, and manufacturing, as designated by its AG zoning. The existing structure includes a 2,000 square foot metal building and a 1,300 square foot house, providing ample space for both business operations and residential living. The metal building is equipped with full HVAC and a full bathroom, enhancing its functionality and comfort. The property is further enhanced by a gated and fenced perimeter, ensuring security and privacy. Beyond the existing structures, the substantial excess land presents significant development potential, allowing for expansion or future projects. This property is situated outside the Forney city limits, offering a blend of rural tranquility and convenient access to the city's amenities. This versatile property is ideal for entrepreneurs seeking a combined living and working space or developers looking for a prime location with expansion possibilities. The property's size and features make it a rare find in the Forney market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Forney
    County
    Kaufman
    State
    Texas
    Longitude
    -96.4162425
    Latitude
    32.8095512

    Comparable in this City

    • Contact for pricing
      9,000 SF

      Forney Flex Space: 9,000 SF

      Prime Forney industrial flex space; immediate occupancy possible.
      7 Mustang Cir, Forney, TX 75126
      View Details
    • Contact for pricing
      9,000 SF

      Forney Industrial Property For Sale

      9,000 SF industrial property with ADA bathroom in Forney, TX.
      7 Mustang Cir, Forney, TX 75126
      View Details
    • $275,000
      0.09 Acres

      Versatile Industrial Space in Forney

      Light industrial space with climate-controlled office in growing Forney.
      305 W Aimee St, Forney, TX 75126
      View Details
    • Contact for pricing
      13.60 Acres

      Prime I-20 Forney Land

      13.6 Acres, I-20 Frontage, Pad Sites Available
      12215 Fm 2932, Forney, TX 75126
      View Details
    • Contact for pricing
      23.24 Acres

      I-20 & FM 2932 Prime Land

      23 Acres, High-Traffic Location, Mesquite, TX
      I-20 & Fm 2932 Cor, Heath, TX 75126
      View Details
    • $675,000
      1 SF

      Forney Commercial Land Opportunity

      1.5 acre commercial land for various business ventures.
      002 Industrial Dr, Forney, TX 75126
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,000 SF

      Forney Flex Space: 9,000 SF

      Prime Forney industrial flex space; immediate occupancy possible.
      7 Mustang Cir, Forney, TX 75126
      View Details
    • Contact for pricing
      9,000 SF

      Forney Industrial Property For Sale

      9,000 SF industrial property with ADA bathroom in Forney, TX.
      7 Mustang Cir, Forney, TX 75126
      View Details
    • $275,000
      0.09 Acres

      Versatile Industrial Space in Forney

      Light industrial space with climate-controlled office in growing Forney.
      305 W Aimee St, Forney, TX 75126
      View Details
    • $6,000,000
      61,296 SF

      Forney Retail Center - Prime Location

      High-traffic retail space, excellent investment.
      303 Us Highway 80, Forney, TX 75126
      View Details
    • Contact for pricing
      40.00 Acres

      Forney, TX Commercial Land

      40 Acres, High-Visibility Location
      0 Us-80 & Pinson Rd, Forney, TX 75126
      View Details
    • $1,300,000
      2.39 Acres

      Forney Commercial Land - 2.39 Acres

      Prime Forney ETJ land, high-growth area.
      15401 Fm 460, Forney, TX 75126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      817,538 SF

      Forney Industrial Logistics Park Space

      Available industrial space in Innovation Ridge Logistics Park Building 1.
      755 Ridgecrest Rd, 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
    • Contact for pricing
      145,020 SF

      Forney Industrial Space Available

      145,020 SF industrial space for lease in Forney, TX.
      721 Ridgecrest Rd, Forney, TX 75126
      View Details
    • Contact for pricing
      119,972 SF

      Forney Warehouse with Spec Office

      175,092 SF warehouse with 3,394 SF spec office.
      733 Ridgecrest Rd, Forney, TX 75126
      View Details
    • $9 SF/Yr
      19,500 SF

      Forney Flex Space Available

      Versatile warehouse space near Dallas.
      9558 Helms Trl, Forney, TX 75126
      View Details
    • Contact for pricing
      9,600 SF

      Industrial Space with Outdoor Storage

      Forney industrial space featuring offices, warehouse, and outdoor storage.
      110 Industrial Dr, 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.
    10759 Neal Rd
    Forney, 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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.