Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10759 Neal Rd Forney, TX 75126
    Back to Search
    Property profile & analytics

    10759 Neal Rd, Forney, TX 75126

    View on Map
    • Manufacturing properties
    • 1,300 SF
    • 3.40 lot acres
    For Sale
    $700,000
    View Listing →
    Improved Land Outside City Limits For Sale
    $700,000
    3.83 Acres

    Improved Land Outside City Limits

    Flexible property with utilities, home, and oversized garage.

    10759 Neal Road, Forney, TX 75126
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 10759 Neal Rd

    Lot size
    3.40 lot acres
    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 estimation — fast and free

    Location Insight

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

    Comparable in this City

    • New
      $1,400,000
      0.29 Acres

      Multiple Use Flex Warehouse Building

      Front and rear roll-up doors and an office showroom create flexible space for retail or light industrial concepts.
      103 W Broad St, Forney, TX 75126
      View Details
    • Contact for pricing

      Development Opportunity Near Elementary School

      5.060-acre site suitable for daycare, light industrial, or flex space.
      Irongate Blvd & Chelsea Ln, Forney, TX 75126
      View Details
    • Contact for pricing
      9,600 SF

      Forney Industrial Building with Office

      9,600 SF light industrial building with office and warehouse space.
      110 Industrial Dr, Forney, TX 75126
      View Details
    • Contact for pricing
      1,650 SF

      Versatile Commercial Space in Forney

      Warehouse space with climate-controlled office in growing Forney, Texas.
      305 W Aimee St, Forney, TX 75126
      View Details
    • Contact for pricing

      Multi-Use Flex Warehouse Building

      Flexible showroom and warehouse space with front and rear roll-up doors plus office area and parking to support adaptable operations.
      103 W Broad St, Forney, TX 75126
      View Details
    • Contact for pricing
      61,296 SF

      Retail/Showroom/Warehouse For Sale

      Retail, showroom, and warehouse property available for purchase.
      303 Us Highway 80, Forney, TX 75126
      View Details

    Similar Nearby for Sale

    • New
      $1,400,000
      0.29 Acres

      Multiple Use Flex Warehouse Building

      Front and rear roll-up doors and an office showroom create flexible space for retail or light industrial concepts.
      103 W Broad St, Forney, TX 75126
      View Details
    • Contact for pricing

      Development Opportunity Near Elementary School

      5.060-acre site suitable for daycare, light industrial, or flex space.
      Irongate Blvd & Chelsea Ln, Forney, TX 75126
      View Details
    • Contact for pricing
      9,600 SF

      Forney Industrial Building with Office

      9,600 SF light industrial building with office and warehouse space.
      110 Industrial Dr, Forney, TX 75126
      View Details
    • Contact for pricing
      1,650 SF

      Versatile Commercial Space in Forney

      Warehouse space with climate-controlled office in growing Forney, Texas.
      305 W Aimee St, Forney, TX 75126
      View Details
    • Contact for pricing

      Multi-Use Flex Warehouse Building

      Flexible showroom and warehouse space with front and rear roll-up doors plus office area and parking to support adaptable operations.
      103 W Broad St, Forney, TX 75126
      View Details
    • Contact for pricing
      61,296 SF

      Retail/Showroom/Warehouse For Sale

      Retail, showroom, and warehouse property available for purchase.
      303 Us Highway 80, Forney, TX 75126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,024,549 SF

      Master Planned Business Park

      Class A distribution building with LEED certification in Forney, TX.
      1220 Sage Hill Pkwy, 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
    • 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
      1,273,727 SF

      Large Industrial Warehouse Space Available

      1,273,727 SF industrial space with 40' clear height.
      1173 Akron Way, Forney, TX 75126
      View Details
    • Contact for pricing
      5,000 SF

      Forney Business Park Flex Space

      Flex space available within a large Forney business park.
      206 Industrial Dr, Forney, TX 75126
      View Details
    • Contact for pricing
      5,000 SF

      Flex Space in Business Park

      Flex space available for rent in a business park.
      12176 Currency Cir, Forney, TX 75126
      View Details
    View Listing
    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

    Thank You for Inquiry
    10759 Neal Rd, Forney, 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!