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    Property profile & analytics

    2067 Leatherwood Ln Denton, TX 76210

    • Commercial real estate
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1986948
    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 2067 Leatherwood Ln

    Lot size
    5.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional five-acre residential lot in Denton, Texas, presents a remarkable investment opportunity. Located at 2067 Leatherwood Ln, 76210, this cleared parcel boasts beautiful mature trees and offers immense potential for development. The property is zoned for residential use and is ideally suited for subdivision into several custom home lots, allowing for the creation of a desirable community, or for the construction of a large, private estate. The buyer will be responsible for city-initiated platting for any potential division. Its prime location offers convenient access to a variety of amenities, including Denton Guyer High School, Lake Lewisville, and the nearby Teasley area. Residents will enjoy easy access to shopping, dining, and other conveniences. This property is situated in a rapidly growing area, making it an ideal investment for those seeking to capitalize on Denton's expanding market. The asking price is $1,100,000. Don't miss this chance to acquire a significant piece of land with exceptional future prospects.

    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
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.110337
    Latitude
    33.135975

    Comparable in this City

    • Contact for pricing

      Land Available in Corinth, Texas

      Land available for sale in Corinth, Texas.
      6401 S Interstate 35, Corinth, TX 76210
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      21 SF

      High-Visibility Corner Lot in Denton

      Exceptional mixed-use development opportunity in Denton's affluent growth corridor.
      Teasley Ln. And Ryan Rd, Denton, TX 76210
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    • $270,000
      0.82 Acres

      Land Near Lake Lewisville

      Unrestricted land near Lake Lewisville ready for development.
      W Shady Shores Rd, Denton, TX 76210
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    • $270,000
      1.00 Acre

      Shady Shores Unrestricted Land

      Unimproved lot near Lake Lewisville, ready for custom development.
      Tbd5 W Shady Shores Rd, Denton, TX 76210
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    • $265,000
      0.42 Acres

      Residential Land in Prime Location

      0.4160-acre cul-de-sac lot in a coveted Denton neighborhood.
      409 Meadowlands Dr, Denton, TX 76210
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    • New
      $179,000
      1.01 Acres

      Denton, TX Acre Lot

      One-acre lot for custom home or investment in Denton, TX.
      Stanford Ct, Denton, TX 76210
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Corinth, Texas

      Land available for sale in Corinth, Texas.
      6401 S Interstate 35, Corinth, TX 76210
      View Details
    • Contact for pricing
      21 SF

      High-Visibility Corner Lot in Denton

      Exceptional mixed-use development opportunity in Denton's affluent growth corridor.
      Teasley Ln. And Ryan Rd, Denton, TX 76210
      View Details
    • $270,000
      0.82 Acres

      Land Near Lake Lewisville

      Unrestricted land near Lake Lewisville ready for development.
      W Shady Shores Rd, Denton, TX 76210
      View Details
    • $270,000
      1.00 Acre

      Shady Shores Unrestricted Land

      Unimproved lot near Lake Lewisville, ready for custom development.
      Tbd5 W Shady Shores Rd, Denton, TX 76210
      View Details
    • $265,000
      0.42 Acres

      Residential Land in Prime Location

      0.4160-acre cul-de-sac lot in a coveted Denton neighborhood.
      409 Meadowlands Dr, Denton, TX 76210
      View Details
    • New
      $179,000
      1.01 Acres

      Denton, TX Acre Lot

      One-acre lot for custom home or investment in Denton, TX.
      Stanford Ct, Denton, TX 76210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      113,256 SF

      Denton County Commercial Land for Sale

      3-Acre Commercial Pad Site, Build-to-Suit
      9067 Teasley Ln, Denton, TX 76210
      View Details
    • Contact for pricing
      10,178 SF

      Retail Space Available For Lease

      Retail space for lease with 1,050 SF minimum size.
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    • $18 SF/Yr
      9,963 SF

      Denton Office Space for Lease

      Modern office space with customizable floor plans and convenient amenities.
      2735 Wind River Ln, Denton, TX 76210
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    • $18 SF/Yr
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      Prime Denton County Office Space

      Class A Office, Unicorn Lake Views, Flexible Suites
      2800 Shoreline Dr, Denton, TX 76210
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      1,200 SF

      Retail Space Near Kroger

      Retail space shadow-anchored by Kroger in Denton, TX.
      5017 Teasley Ln, Denton, TX 76210
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    • Contact for pricing
      16,700 SF

      Restaurant/Retail Space Near Freeway

      Restaurant and retail spaces with excellent freeway visibility and access.
      2740 S Interstate 35, Denton, TX 76210
      View Details
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    2067 Leatherwood Ln
    Denton, TX 76210
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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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