Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    78 Hwy 78 Wylie, TX 75098

    • Commercial land
    • 2.85 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9021329
    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 land

    Property Details for 78 Hwy 78

    Lot size
    2.85 lot acres
    Property type
    Commercial land
    APN
    R-12278-00A-0020-1
    APU
    R1227800A00201

    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
    Collin
    State
    Texas
    Longitude
    -96.513
    Latitude
    33.0218
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,547
    $1,987,730
    $0.00
    $1,987,730
    -
    $1,987,730
    $0.00
    $1,987,730

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      Wylie, TX 75098

      VACANT COMMERCIAL LAND • 0.02 Acres
      Wylie, TX 75098
      View Details
    • Value Estimation by Request
      3.00 Acres

      Ww Fm 544

      VACANT COMMERCIAL LAND • 3.00 Acres
      Ww Fm 544, Wylie, TX 75098
      View Details
    • Value Estimation by Request
      0.51 Acres

      14 Coralberry Way

      VACANT COMMERCIAL LAND • 0.51 Acres
      14 Coralberry Way, Wylie, TX 75098
      View Details
    • Value Estimation by Request
      0.27 Acres

      Alanis Dr

      VACANT COMMERCIAL LAND • 0.27 Acres
      Alanis Dr, Wylie, TX 75098
      View Details
    • Value Estimation by Request
      0.33 Acres

      3324 Dorothy Ln

      VACANT COMMERCIAL LAND • 0.33 Acres
      3324 Dorothy Ln, Wylie, TX 75098-6394
      View Details
    • Value Estimation by Request
      0.45 Acres

      Southview Dr

      VACANT COMMERCIAL LAND • 0.45 Acres
      Southview Dr, Wylie, TX 75098
      View Details

    Similar Nearby for Sale

    • $250,000

      Prime Commercial Lot in Wylie

      Commercial lot in a rapidly growing Wylie location.
      704 Business Way, Wylie, TX 75098
      View Details
    • $799,000
      0.90 Acres

      Commercial Land in Growing Wylie

      Unimproved commercial land in a rapidly developing area of Wylie.
      2773 Capital St, Wylie, TX 75098
      View Details
    • $499,000
      0.95 Acres

      Wylie, TX Land Investment Opportunity

      Almost 1-acre parcel with ETJ zoning and Park Blvd access.
      7375 Moses Dr, Wylie, TX 75098
      View Details
    • $1,804,473

      Hard Corner Lot on Highway

      1.65 acre commercial lot in rapidly growing Wylie, TX.
      2801-3 N State Hwy, Wylie, TX 75098
      View Details
    • $2,175,822

      Hard Corner Lot on Hwy 78

      1.998 acre commercial land for sale on Hwy 78.
      2801-1 N State Hwy, 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

    • $2,000 /Mo
      10,759 SF

      Highway Frontage Ground Lease Opportunity

      Ground lease opportunity with high visibility on State Highway 78.
      3650 N State Highway 78, Wylie, TX 75098
      View Details
    • $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
      View Details
    • $9 SF/Yr
      8,459 SF

      Wylie Retail Center - 100 Acres

      Prime Wylie retail space, 8,459 sq ft available.
      0 Sec Sh-78 & Fm-432, Wylie, TX 75098
      View Details
    • Contact for pricing

      Wylie, TX Commercial Land for Lease

      Six-acre commercial lot in prime Wylie location.
      3475 Vinson Rd, Wylie, TX 75098
      View Details
    • $25 SF/Yr
      5,000 SF

      Wylie Flex Space: New Construction

      Modern flex space, divisible units, 2025 build.
      607 Commerce St, Wylie, TX 75098
      View Details
    • Contact for pricing
      20,000 SF

      Wylie Office Space Available

      20000 square feet of office space for rent.
      601 Sanden Blvd, Wylie, TX 75098
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    78 Hwy 78
    Wylie, TX 75098
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.