Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10815 Hames Rd Pilot Point, TX 76258
    Back to Search
    Property profile & analytics

    10815 Hames Rd, Pilot Point, TX 76258

    View on Map
    • Commercial real estate
    For Sale
    $5,390,000
    View Listing →
    Prime Development Tract in Pilot Point For Sale
    $5,390,000
    48.96 Acres

    Prime Development Tract in Pilot Point

    49-acre tract ideal for residential or mixed-use development.

    10815 Hames Road, Pilot Point, TX 76258
    View Listing
    Property ID
    US83-1943894
    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

    • Commercial real estate

    Property Details for 10815 Hames Rd

    Property type
    Commercial real estate

    Description

    This exceptional 49-acre property in Pilot Point, Texas, presents a remarkable investment opportunity. Located in a rapidly growing area, this relatively flat land boasts excellent accessibility and visibility, situated near the Dallas North Tollway and FM 455. With 1,156 feet of road frontage and a depth of 1,743 feet, the expansive layout offers ample space for diverse development projects. The asking price is $6,000,000, translating to $122,000 per acre. Its strategic location benefits from the proximity to a proposed school just half a mile away, enhancing its appeal for residential development. The surrounding area is experiencing significant growth, with several large housing developments underway, further solidifying this land's potential for future residential or commercial ventures. This property is zoned for agricultural, commercial, and residential uses, providing flexibility for a wide range of development plans. The Denton County location and 76258 zip code add to its desirability. This is a rare opportunity to acquire a substantial parcel of land in a thriving Texas community poised for continued expansion. The property's size, location, and zoning make it an ideal investment for builders, developers, or those seeking to create a unique private estate.

    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
    Pilot Point
    County
    Denton
    State
    Texas
    Longitude
    -96.8709789
    Latitude
    33.3650781

    Comparable in this City

    • New
      $899,000
      16.64 Acres

      Pilot Point Land Investment Opportunity

      16.64 acres near Dallas North Tollway, ideal for development.
      Tbd Joe Allen Rd, Pilot Point, TX 76258
      View Details
    • $1,750,000
      2,128 SF

      Pilot Point Ranch Opportunity

      18-acre AG EXEMPT working ranch in Pilot Point, Texas.
      9979 Oak Creek Dr, Pilot Point, TX 76258
      View Details
    • New
      $2,350,000
      2,168 SF

      Pilot Point Ranch with AG Exemption

      10.53 acres with AG exemption near future Dallas North Tollway.
      13357 Fm 1385, Pilot Point, TX 76258
      View Details
    • $1,900,000
      4,449 SF

      Spacious Home on Unrestricted Land

      4-bedroom home with equestrian facilities and development potential.
      11410 Massey Rd, Pilot Point, TX 76258
      View Details
    • $899,900
      3,294 SF

      Restored Victorian Farmhouse on Acreage

      Historic 1894 Victorian farmhouse on 6 acres in Pilot Point.
      405 W Clifton St, Pilot Point, TX 76258
      View Details
    • $2,500,000
      1,819 SF

      Pilot Point Farm/Ranch Investment Property

      12-acre AG exempt property near Dallas North Tollway extension.
      12517 Fm 1385, Pilot Point, TX 76258
      View Details

    Similar Nearby for Sale

    • New
      $899,000
      16.64 Acres

      Pilot Point Land Investment Opportunity

      16.64 acres near Dallas North Tollway, ideal for development.
      Tbd Joe Allen Rd, Pilot Point, TX 76258
      View Details
    • $1,750,000
      2,128 SF

      Pilot Point Ranch Opportunity

      18-acre AG EXEMPT working ranch in Pilot Point, Texas.
      9979 Oak Creek Dr, Pilot Point, TX 76258
      View Details
    • New
      $2,350,000
      2,168 SF

      Pilot Point Ranch with AG Exemption

      10.53 acres with AG exemption near future Dallas North Tollway.
      13357 Fm 1385, Pilot Point, TX 76258
      View Details
    • $899,900
      3,294 SF

      Restored Victorian Farmhouse on Acreage

      Historic 1894 Victorian farmhouse on 6 acres in Pilot Point.
      405 W Clifton St, Pilot Point, TX 76258
      View Details
    • $2,500,000
      1,819 SF

      Pilot Point Farm/Ranch Investment Property

      12-acre AG exempt property near Dallas North Tollway extension.
      12517 Fm 1385, Pilot Point, TX 76258
      View Details
    • $1,900,000
      4,449 SF

      Spacious Home on Unrestricted Land

      4-bedroom home with equestrian facilities and development potential.
      11410 Massey Rd, Pilot Point, TX 76258
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Rent

      Single tenant retail space available, 1,250 SqFt.
      224 W Liberty St, Pilot Point, TX 76258
      View Details
    • $2,058 /Mo
      19,994 SF

      Office Space on Highway 377

      1,300 sqft office space with highway exposure in Pilot Point.
      1137 Highway 377 S, Pilot Point, TX 76258
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space on Highway 377

      Retail space with highway exposure in growing Pilot Point.
      1137 Highway 377 S, Pilot Point, TX 76258
      View Details
    • Contact for pricing

      Pilot Point Manufacturing-Ready Facility

      Manufacturing-zoned property with 3-phase power, truck parking, and easy access.
      901 E Mcdonald Dr, Pilot Point, TX 76258
      View Details
    • $2,149 /Mo
      12,415 SF

      Versatile Commercial Property on Highway

      Highly visible commercial property ideal for various business opportunities.
      520 Highway 377 S, Pilot Point, TX 76258
      View Details
    • $3,000 /Mo
      3,200 SF

      Retail Space in Pilot Point

      Retail space available for lease in Pilot Point, Texas.
      11416 Hames Rd, Pilot Point, TX 76258
      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.
    10815 Hames Rd
    Pilot Point, TX 76258
    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
    10815 Hames Rd, Pilot Point, TX, 76258
    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!