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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10815 Hames Rd Pilot Point, TX 76258

    • Commercial real estate
    For Sale
    View listing
    $5,390,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    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 valuation — 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

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      45.00 Acres

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      Pilot Point Ranch Opportunity

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    Similar Nearby for Sale

    • Contact for pricing
      159.48 Acres

      Prime 159-Acre Dallas Tollway Land

      Exceptional Texas acreage with high visibility.
      2110 Stiff Chapel Rd, Pilot Point, TX 76258
      View Details
    • $10,000,000
      171.00 Acres

      Marriott Ranch: Prime TX Development Land

      171 Acres, 3 Homes, Shop, Development Potential
      12509 Strittmatter Rd, Pilot Point, TX 76258
      View Details
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      Pilot Point Land Investment Opportunity

      16.64 acres near Dallas North Tollway, suitable for development.
      Tbd Joe Allen Rd, Pilot Point, TX 76258
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    • $4,000,000
      45.00 Acres

      45 Acres with Farmhouse, Workshop

      45-acre property with farmhouse, workshop, and pastureland in Pilot Point.
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      Pilot Point Ranch Opportunity

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    Similar Nearby for Lease

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      Office Space on Highway 377

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      Pilot Point Warehouse For Lease

      3,200 SF insulated metal building near Dallas North Tollway.
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    • $4,500 /Mo
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      Pilot Point Warehouse with Fenced Yard

      3,200 SF warehouse with fenced yard near Dallas North Tollway.
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    Pilot Point, TX 76258
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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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