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    870 N Mayhill Rd Denton, TX 76208
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    870 N Mayhill Rd Denton, TX 76208

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    • Commercial land
    • 4,800 SF
    For Sale
    $1,750,000
    View Listing →
    3.5 Acres for Redevelopment For Sale
    $1,750,000
    4,800 SF

    3.5 Acres for Redevelopment

    3.5 acres with four warehouses for expansion or redevelopment.

    870 N Mayhill Road, Denton, TX 76208
    View Listing
    Property ID
    US83-2059342
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 870 N Mayhill Rd

    Year built
    2009
    Property size
    4,800 SF
    Property type
    Commercial land
    Property subtype
    Warehouses

    Description

    3.5 Acres of Flat Grade for Expansion or Redevelopment. Land Value Only. The property features four metal warehouses, each with two grade level doors. The expansion of North Mayhill Rd was recently completed. PROPERTY HIGHLIGHTS: 3.5 Acre Lot For Expansion or Redevelopment. Four 1200 SF Metal Wareho ... uses. 1 Buildings currently Rented For $2000 PM on month to month lease. Approx. 2 acres with screened fence behind buildings. Each building has electricity, water, bathroom, private yard and security gate. Property has water well although City Water is at the Street. Mayhill Road Recently Expanded and Improved. High Growth Area. Close Proximity To Downtown Denton.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.082446
    Latitude
    33.2225821

    Comparable in this City

    • Contact for pricing
      4,800 SF

      3.5 Acre Lot With Warehouses

      3.5-acre lot with four warehouses near downtown Denton.
      910 N Mayhill Rd, Denton, TX 76208
      View Details
    • $1,750,000
      4,800 SF

      3.5 Acres for Redevelopment

      3.5 acres with four warehouses for expansion or redevelopment.
      870 N Mayhill Rd, Denton, TX 76208
      View Details
    • Contact for pricing

      Denton Land For Sale

      One acre of land in Denton, Texas.
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    • $1,395,000
      10.00 Acres

      Denton, TX 10-Acre Land Parcel

      10-acre improved parcel near I-35, suitable for development.
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    • $1,250,000
      4.00 Acres

      Land with Lake Lewisville View

      4-acre land suitable for commercial, multi-family, or residential development.
      429 S Shady Shores Rd, Denton, TX 76208
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      Corinth Land Investment Opportunity

      Land in Corinth, TX with MX-C zoning.
      3829 Lake Sharon Dr, Corinth, TX 76208
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    Similar Nearby for Sale

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      4,800 SF

      3.5 Acre Lot With Warehouses

      3.5-acre lot with four warehouses near downtown Denton.
      910 N Mayhill Rd, Denton, TX 76208
      View Details
    • $1,750,000
      4,800 SF

      3.5 Acres for Redevelopment

      3.5 acres with four warehouses for expansion or redevelopment.
      870 N Mayhill Rd, Denton, TX 76208
      View Details
    • Contact for pricing

      Denton Land For Sale

      One acre of land in Denton, Texas.
      1940 Brinker Rd, Denton, TX 76208
      View Details
    • $1,395,000
      10.00 Acres

      Denton, TX 10-Acre Land Parcel

      10-acre improved parcel near I-35, suitable for development.
      3940 Swisher Rd, Denton, TX 76208
      View Details
    • $1,250,000
      4.00 Acres

      Land with Lake Lewisville View

      4-acre land suitable for commercial, multi-family, or residential development.
      429 S Shady Shores Rd, Denton, TX 76208
      View Details
    • Contact for pricing

      Corinth Land Investment Opportunity

      Land in Corinth, TX with MX-C zoning.
      3829 Lake Sharon Dr, Corinth, TX 76208
      View Details

    Similar Nearby for Lease

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      2,511 SF

      Denton Warehouse with Office Space

      2,511 SF warehouse space with office and rear loading.
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      Move-in Ready Office/Warehouse Space

      Office and warehouse spaces available in a high-traffic business park.
      3401 E University Dr, Denton, TX 76208
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      77,981 SF

      Denton Warehouse Space Available

      77,981 SF warehouse space with 32' clear height.
      1381 N Mayhill Rd, Denton, TX 76208
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      36,300 SF

      Denton Warehouse Space Available

      91,745 SF warehouse space with 32' clear height.
      381 N Mayhill Rd, Denton, TX 76208
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      Denton Flex Space with Bay

      Flex space featuring rear loading and high ceilings.
      3745 Mingo Rd, Denton, TX 76208
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    • Contact for pricing
      183,800 SF

      Denton Warehouse with 34 Docks

      183,800 SF warehouse with 34 dock doors for lease.
      3411 Mingo Rd, Denton, TX 76208
      View Details
    View Listing
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    Denton, TX 76208
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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.

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    870 N Mayhill Rd, Denton, TX, 76208
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