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

    3954 Farm Road 1502 Detroit, TX 75436

    • Commercial real estate
    • 2,048 SF
    • 20.45 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5933867
    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 3954 Farm Road 1502

    Lot size
    20.45 lot acres
    Property size
    2,048 SF
    Property type
    Commercial real estate

    Description

    This exceptional 20.45-acre residential land parcel presents a unique opportunity in Detroit, Texas. Located at 3954 Farm Road 1502, zip code 75436, this expansive property offers ample space for a variety of development possibilities. The land is zoned for residential use and boasts a substantial size, providing plenty of room for a custom home and additional amenities. With a total area of 20.45 acres, the property offers significant privacy and potential for future expansion. The existing structure on the property includes a 3-bedroom home with a total square footage of 2,048 square feet. This presents a fantastic opportunity for renovation or potential demolition to build a new home tailored to your specific needs. The property's location in Detroit, Red River County, offers a tranquil setting while still maintaining convenient access to local amenities and services. The asking price for this remarkable property is $380,000. This is an ideal investment for those seeking a large, private residential lot in a desirable Texas location. The property's coordinates are 33.689642 latitude and -95.32037 longitude. Serious inquiries are encouraged.

    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
    Detroit
    County
    Red River
    State
    Texas
    Longitude
    -95.32037
    Latitude
    33.689642

    Comparable in this City

    • $160,500
      10.69 Acres

      Texas Country Estate: 10 Acres

      10+ acres, serene country living, farm road frontage.
      0 Tbd Fm 1502, Detroit, TX 75436
      View Details
    • $1,850,000
      192.00 Acres

      Twisted Oak Ranch: 192 Acres

      Texas Ranch, Custom Home, Abundant Wildlife
      312 County Road 2100, Detroit, TX 75436
      View Details
    • $1,300,000
      235.00 Acres

      235 Acres in Red River County

      235-acre property in Red River County, Texas, ideal for various uses.
      0000 Cr 2356, Deport, TX 75436
      View Details
    • $560,000
      69.34 Acres

      69 Acres of Unimproved Land

      69+ acres of land with pond near Detroit, Texas.
      0000 Farm Road 1502, Detroit, TX 75436
      View Details
    • $45,000
      0.82 Acres

      Land Near Detroit Elementary School

      0.82 acre lot near Hwy 82 with multi-use options.
      309 E San Diego St, Detroit, TX 75436
      View Details
    • $628,050
      Pending

      Red River County Hunting Paradise

      158 acres of timber and fields, perfect for hunting.
      1040 County Road 2215, Detroit, TX 75436
      View Details

    Similar Nearby for Sale

    • $160,500
      10.69 Acres

      Texas Country Estate: 10 Acres

      10+ acres, serene country living, farm road frontage.
      0 Tbd Fm 1502, Detroit, TX 75436
      View Details
    • $1,850,000
      192.00 Acres

      Twisted Oak Ranch: 192 Acres

      Texas Ranch, Custom Home, Abundant Wildlife
      312 County Road 2100, Detroit, TX 75436
      View Details
    • $1,300,000
      235.00 Acres

      235 Acres in Red River County

      235-acre property in Red River County, Texas, ideal for various uses.
      0000 Cr 2356, Deport, TX 75436
      View Details
    • $560,000
      69.34 Acres

      69 Acres of Unimproved Land

      69+ acres of land with pond near Detroit, Texas.
      0000 Farm Road 1502, Detroit, TX 75436
      View Details
    • $45,000
      0.82 Acres

      Land Near Detroit Elementary School

      0.82 acre lot near Hwy 82 with multi-use options.
      309 E San Diego St, Detroit, TX 75436
      View Details
    • $628,050
      Pending

      Red River County Hunting Paradise

      158 acres of timber and fields, perfect for hunting.
      1040 County Road 2215, Detroit, TX 75436
      View Details
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    3954 Farm Road 1502
    Detroit, TX 75436
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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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