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    Property profile & analytics

    4225 Troy Rd Wylie, TX 75098

    • Commercial real estate
    • 2.00 lot acres
    For Sale
    View listing
    $440,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4891085
    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 4225 Troy Rd

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4-acre commercial property, located at 4225 Troy Rd in Wylie, Texas (Dallas County, zip code 75098), presents a unique investment opportunity. The land is currently unincorporated, offering freedom from city regulations and zoning restrictions. This allows for a wide range of development possibilities, including RV parks, storage facilities, flex spaces, or even a business operation with ample room for expansion. The property boasts a substantial water line capable of supporting significant development. Previously used for mobile homes, the site features three existing septic tanks and water meters, which could be repurposed for RV or mobile home spaces in the interim. The property is being sold in conjunction with the adjacent 2-acre parcel at 4227 Troy Road, totaling 4 acres. An additional 5 acres are also available for purchase, expanding the total acreage to 9. Enjoy the benefits of no city taxes, and the freedom to utilize the land for various purposes, including recreational activities such as shooting and fireworks (subject to all applicable state and federal laws). This versatile property offers significant potential for investors seeking a flexible and unrestricted development site in a desirable Texas location.

    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
    Wylie
    County
    Dallas
    State
    Texas
    Longitude
    -96.5185574
    Latitude
    32.9649457

    Comparable in this City

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      Wylie TX Commercial Land - 4 Acres

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      Wylie Commercial Land Investment Opportunity

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    Similar Nearby for Sale

    • $2,750,000
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      Prime Wylie Commercial Land Opportunity

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    • $880,000
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      4235 Troy Rd Wylie

      Multifamily properties • 4.00 Acres
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    • $440,000
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      Wylie TX Commercial Land - 4 Acres

      Prime 4-acre commercial tract, unrestricted development.
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    • $2,885,500
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      Wylie Commercial Land Investment Opportunity

      Prime 4.73-acre commercial/industrial site in Wylie, TX.
      1820 State Highway 78, Wylie, TX 75098
      View Details
    • Contact for pricing
      18.47 Acres

      Wylie, TX Land - 18.47 Acres

      Prime Collin County development land, multiple zoning options.
      0 Brown St, Wylie, TX 75098
      View Details
    • $2,100,000

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      View Details

    Similar Nearby for Lease

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    • New
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      Wylie, TX Commercial Land for Lease

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      20,000 SF

      Wylie Office Space Available

      20000 square feet of office space for rent.
      601 Sanden Blvd, Wylie, TX 75098
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    4225 Troy Rd
    Wylie, TX 75098
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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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