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    Property profile & analytics

    7661 Wolf Holw Millsap, TX 76066

    • Industrial properties
    • 1,200 SF
    • 7.64 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2614232
    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

    • Industrial properties

    Property Details for 7661 Wolf Holw

    Year built
    2015
    Lot size
    7.64 lot acres
    Property size
    1,200 SF
    Property type
    Industrial properties

    Description

    This exceptional 7.64-acre industrial property boasts over 500 feet of Interstate 20 frontage, offering unparalleled visibility and accessibility. Located on Wolf Hollow in Millsap, TX, this property sits on the Parker County border, adjacent to Millsap and Brock, but outside city limits, avoiding potential zoning restrictions. The property includes a 1,200 square foot office building featuring two offices, two large storage closets, and a reception area. In addition to the office space, there's a 30x30 display building and a spacious 40x80 open-air building with three sides enclosed. The estimated net usable acreage is over 3.5 acres, although a topographical survey is recommended to verify the exact amount. This property presents a unique opportunity for businesses seeking high visibility, ample space, and convenient Interstate access. The asking price reflects a compelling value proposition for a quick sale. Don't miss this chance to acquire a strategically located industrial property with significant potential. Act now!

    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
    Millsap
    County
    Parker
    State
    Texas
    Longitude
    -97.97183
    Latitude
    32.69619

    Comparable in this City

    • $2,898,000
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      Millsap Warehouse with Tenant

      27,725 SF warehouse on 10 acres with tenant.
      398 Meeks Bnd, Millsap, TX 76066
      View Details
    • $550,000
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      Warehouse with Office on 3 Acres

      6,000 SF warehouse with office on 3 acres.
      411 Lee Rd, Mineral Wells, TX 76066
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    • $134,000
      1.04 Acres

      1.04 Acre Commercial Lot I-20

      Unimproved 1.04-acre commercial lot with high visibility and dual highway frontage.
      Tbd I20, Millsap, TX 76066
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    • $49,000
      0.08 Acres

      Corner Lot in Downtown Millsap

      Prime corner lot ready for development in downtown Millsap, Texas.
      207 NE Front St, Millsap, TX 76066
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    • $1,550,000

      Millsap Ranch with Stone Home

      Private ranch featuring a unique stone home and outdoor amenities.
      Millsap, TX 76066
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    • $1,040,404
      35.88 Acres

      36 Acres in Brock America

      35.876 acres of heavily treed land with grazing pasture.
      4475 Lazy Bend Rd, Millsap, TX 76066
      View Details

    Similar Nearby for Sale

    • $2,898,000
      10.00 Acres

      Millsap Warehouse with Tenant

      27,725 SF warehouse on 10 acres with tenant.
      398 Meeks Bnd, Millsap, TX 76066
      View Details
    • $550,000
      3.00 Acres

      Warehouse with Office on 3 Acres

      6,000 SF warehouse with office on 3 acres.
      411 Lee Rd, Mineral Wells, TX 76066
      View Details
    • $134,000
      1.04 Acres

      1.04 Acre Commercial Lot I-20

      Unimproved 1.04-acre commercial lot with high visibility and dual highway frontage.
      Tbd I20, Millsap, TX 76066
      View Details
    • $49,000
      0.08 Acres

      Corner Lot in Downtown Millsap

      Prime corner lot ready for development in downtown Millsap, Texas.
      207 NE Front St, Millsap, TX 76066
      View Details
    • $1,550,000

      Millsap Ranch with Stone Home

      Private ranch featuring a unique stone home and outdoor amenities.
      Millsap, TX 76066
      View Details
    • $1,040,404
      35.88 Acres

      36 Acres in Brock America

      35.876 acres of heavily treed land with grazing pasture.
      4475 Lazy Bend Rd, Millsap, TX 76066
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      32,670 SF

      Millsap Office Warehouse For Lease

      1300 sq ft shop with 300 sq ft office.
      3001 Cox Rd, Millsap, TX 76066
      View Details
    • New
      $2,500 /Mo
      7,275 SF

      Millsap, TX Commercial Space

      Highly visible commercial space in the heart of Millsap, TX.
      107 Fannin St, Millsap, TX 76066
      View Details
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    Millsap, TX 76066
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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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