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    Property profile & analytics

    4229 Troy Rd Wylie, TX 75098

    • Commercial real estate
    • 1,456 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4183879
    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 4229 Troy Rd

    Property size
    1,456 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1-acre property in unincorporated Dallas County, Texas, presents a unique opportunity for both residential and commercial ventures. The 1,456 square foot, single-story home boasts three bedrooms and two bathrooms, offering comfortable living space. Situated at 4229 Troy Rd, Wylie, TX 75098, this property is conveniently located with easy city access while enjoying a peaceful country setting. The absence of city zoning regulations, taxes, and ETJ restrictions opens doors to a wide array of possibilities. Imagine establishing an RV park, storage facility, or operating your own business without the constraints of city ordinances. The property's versatility extends to agricultural uses, allowing for livestock keeping. This is a rare chance to own a substantial piece of land outside city limits. An additional 7 acres (4 acres on each side) are available for purchase, expanding the potential even further. This property offers a blend of residential comfort and unparalleled commercial flexibility, making it an ideal investment for those seeking freedom from city regulations and a tranquil lifestyle. The asking price for this remarkable property is $300,000.

    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
    -96.517956
    Latitude
    32.963957

    Comparable in this City

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

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

      Prime 4-acre commercial tract in Wylie, TX. Ideal for diverse development.
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    • $440,000
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      Wylie TX Commercial Land - 4 Acres

      Prime 4-acre commercial tract, unrestricted development.
      4227 Troy Rd, Wylie, TX 75098
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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
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    • $499,000
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      Wylie, TX Investment Opportunity

      Almost 1-acre parcel with commercial or residential potential.
      7375 Moses Dr, Wylie, TX 75098
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    Similar Nearby for Sale

    • $880,000
      4.00 Acres

      4235 Troy Rd Wylie

      Multifamily properties • 4.00 Acres
      4235 Troy Rd, Wylie, TX 75098
      View Details
    • $2,750,000
      5.26 Acres

      Prime Wylie Commercial Land Opportunity

      5+ acres in fast-growing Wylie, TX, ideal for mixed-use development.
      2722 W Fm 544, Wylie, TX 75098
      View Details
    • $440,000
      2.00 Acres

      Wylie TX Commercial Land - 4 Acres

      Prime 4-acre commercial tract in Wylie, TX. Ideal for diverse development.
      4225 Troy Rd, Wylie, TX 75098
      View Details
    • $440,000
      2.00 Acres

      Wylie TX Commercial Land - 4 Acres

      Prime 4-acre commercial tract, unrestricted development.
      4227 Troy Rd, Wylie, TX 75098
      View Details
    • $2,885,500
      4.73 Acres

      Wylie Commercial Land Investment Opportunity

      Prime 4.73-acre commercial/industrial site in Wylie, TX.
      1820 State Highway 78, Wylie, TX 75098
      View Details
    • $499,000
      0.95 Acres

      Wylie, TX Investment Opportunity

      Almost 1-acre parcel with commercial or residential potential.
      7375 Moses Dr, Wylie, TX 75098
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wylie, TX Commercial Land for Lease

      Six-acre commercial lot in prime Wylie location.
      3475 Vinson Rd, Wylie, TX 75098
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    • New
      $2,000 /Mo
      10,759 SF

      Highway Frontage Ground Lease Opportunity

      Ground lease opportunity with high visibility on State Highway 78.
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    • $8 SF/Yr
      6,736 SF

      Wylie Retail Center - Prime Location

      High-traffic retail space, multiple units available.
      0 Nwq Of Fm-544 & Tx-78, Wylie, TX 75098
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    • $9 SF/Yr
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      Wylie Retail Center - 100 Acres

      Prime Wylie retail space, 8,459 sq ft available.
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    • $23 SF/Yr
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      Retail Space on Highway 78

      Retail space available on Highway 78 in Wylie, Texas.
      501-503 Highway 78 N, Wylie, TX 75098
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    • Contact for pricing
      19,950 SF

      Retail Space in Wylie, Texas

      Retail property available for lease in Wylie, Texas.
      3340 Fm 544, Wylie, TX 75098
      View Details
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    4229 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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