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

    6906 Bankhead Hwy Aledo, TX 76008

    • Commercial real estate
    • 2.00 lot acres
    For Sale
    View listing
    $4,350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4983297
    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 6906 Bankhead Hwy

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 30-acre property presents a remarkable development opportunity in the highly sought-after Aledo ISD, just outside the city limits in Parker County, Texas. Located at 6906 E Bankhead Hwy, Aledo, TX 76008, this expansive land parcel is situated in the Willow Park ETJ and offers a unique blend of commercial, industrial, and residential possibilities. Currently platted into five individual tracts, the property is being offered for sale as a whole, although the seller will consider offers on individual tracts. The land boasts a land value of $3.33 per square foot, with an asking price of $4,350,000. Three tenant-occupied homes are currently on the property, operating under month-to-month leases. These residences utilize private water wells and septic systems. The surrounding area features a mix of high-end and mid-market residential developments, as well as light to heavy industrial properties across the street with Interstate access. This strategic location along Bankhead Highway provides excellent visibility and accessibility. The property's zoning is not specified by the City of Willow Park ETJ, allowing for a wide range of development concepts, including but not limited to industrial facilities, event venues, or residential projects. This is a rare opportunity to acquire a significant land holding in a rapidly growing area with exceptional potential for future development.

    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
    Aledo
    County
    Parker
    State
    Texas
    Longitude
    -97.6667735
    Latitude
    32.7397512

    Comparable in this City

    • Contact for pricing

      24 Acres Bankhead Hwy, TX

      Prime Development Land, Parker County
      0 Bankhead Hwy, Willow Park, TX 76008
      View Details
    • Contact for pricing
      4,000 SF

      Aledo Flex Space Available

      Modern flex space; lease or buy.
      000 Broadway, Annetta, TX 76008
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    • $245,000
      2.02 Acres

      Aledo, TX Creek Lot

      2-acre luxury estate lot in gated community near Bear Creek.
      3044 Winding Creek Trl, Aledo, TX 76008
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    • $250,000
      2.00 Acres

      Land in Summit Ranch, Aledo

      Land for sale in Summit Ranch development, Aledo, Texas.
      5028 Frost Crk, Aledo, TX 76008
      View Details
    • $215,000
      2.02 Acres

      Aledo TX Land For Sale

      2+ acre luxury estate lot in gated community, Aledo ISD.
      4017 Grizzly Trl, Aledo, TX 76008
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    • $175,000
      2.62 Acres

      Spacious Land in Aledo ISD

      2.622-acre lot in Annetta, build-ready with utilities, Aledo ISD.
      1 Annetta Centerpoint Rd, Aledo, TX 76008
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      24 Acres Bankhead Hwy, TX

      Prime Development Land, Parker County
      0 Bankhead Hwy, Willow Park, TX 76008
      View Details
    • Contact for pricing
      4,000 SF

      Aledo Flex Space Available

      Modern flex space; lease or buy.
      000 Broadway, Annetta, TX 76008
      View Details
    • $245,000
      2.02 Acres

      Aledo, TX Creek Lot

      2-acre luxury estate lot in gated community near Bear Creek.
      3044 Winding Creek Trl, Aledo, TX 76008
      View Details
    • $250,000
      2.00 Acres

      Land in Summit Ranch, Aledo

      Land for sale in Summit Ranch development, Aledo, Texas.
      5028 Frost Crk, Aledo, TX 76008
      View Details
    • $215,000
      2.02 Acres

      Aledo TX Land For Sale

      2+ acre luxury estate lot in gated community, Aledo ISD.
      4017 Grizzly Trl, Aledo, TX 76008
      View Details
    • $175,000
      2.62 Acres

      Spacious Land in Aledo ISD

      2.622-acre lot in Annetta, build-ready with utilities, Aledo ISD.
      1 Annetta Centerpoint Rd, Aledo, TX 76008
      View Details

    Similar Nearby for Lease

    • $3,800 /Mo
      3,800 SF

      Retail, Office, and Warehouse Space

      Retail, office, and warehouse spaces available for lease.
      9901 E Bankhead Hwy, Aledo, TX 76008
      View Details
    • $2,666 /Mo
      1,777 SF

      Office and Warehouse Space Available

      Office and warehouse space with expansion options in 2023.
      9905 E Bankhead Hwy, Aledo, TX 76008
      View Details
    • $17 SF/Yr
      10,050 SF

      Marble Court Flex Space in Aledo

      Prime Aledo flex space; 1,250-2,500 sq ft available.
      118 Marble Ct, Aledo, TX 76008
      View Details
    • Contact for pricing
      13,092 SF

      Aledo Warehouse with Outside Storage

      13,092 SF warehouse with 5.0 AC outside storage.
      Bear Cat Rd, Aledo, TX 76008
      View Details
    • $13 SF/Yr
      2,700 SF

      Aledo Industrial Space Available

      Industrial space featuring offices, reception area, and freeway access.
      550 Bear Cat Rd, Aledo, TX 76008
      View Details
    • $17 SF/Yr
      57,499 SF

      Aledo Flex Space with Warehouse

      Versatile flex space with offices and warehouse functionality in Aledo.
      118 Marble Ct, Aledo, TX 76008
      View Details
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    6906 Bankhead Hwy
    Aledo, TX 76008
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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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