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    Property profile & analytics

    8858 Stewart Rd Cross Roads, TX 76227

    • Industrial properties
    • 2,655 SF
    • 9.99 lot acres
    For Sale
    View listing
    $2,544,690
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1937001
    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 8858 Stewart Rd

    Year built
    1956
    Lot size
    9.99 lot acres
    Property size
    2,655 SF
    Property type
    Industrial properties

    Description

    This exceptional 9.99-acre industrial property in Aubrey, Texas, presents a compelling investment opportunity. Situated at 8858 Stewart Road, this expansive lot boasts a 2,655 square foot building and offers endless possibilities for industrial development. The property's strategic location within Denton County is surrounded by other industrial properties, ensuring a thriving business environment. Significant infrastructure improvements are planned, enhancing accessibility and logistical efficiency. The City of Krugerville is expanding Stewart Road to a four-lane thoroughfare, extending it to connect with Frontier Parkway. This will provide an alternative route, saving businesses valuable time and fuel costs. Furthermore, US-377 is undergoing expansion to a six-lane divided freeway, and a traffic signal is planned at the intersection of Stewart Road and US-377 within the next few years. While precise timelines for these improvements are not currently available, interested parties are encouraged to contact the City of Krugerville for detailed information. The property's back pasture features high-quality coastal grasses, yielding 6-10 large round bales per cutting (three cuttings annually). This contributes to maintaining the current agricultural exemption until a change of use is desired. For those seeking a larger footprint, an additional 32.99 acres are available for purchase, adjacent to the west, bringing the total potential acreage to 42.98 acres.

    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
    Aubrey
    County
    Denton
    State
    Texas
    Longitude
    -96.98104
    Latitude
    33.2599

    Comparable in this City

    • $2,000,000
      6.00 Acres

      Unrestricted Land on Stewart Road

      Rare unrestricted land ideal for industrial or retail use.
      4 Stewart Rd, Aubrey, TX 76227
      View Details
    • $2,872,000

      Multi-Tenant Retail and Office Center

      Well-located retail and office center in the heart of Krugerville.
      5246 Us Highway 377, Aubrey, TX 76227
      View Details
    • $887,340
      1.60 Acres

      Commercial Pads on Highway 377

      Three commercial lots with highway frontage and on-site sewer.
      1.6 Acres Pne Rdg Ln, Aubrey, TX 76227
      View Details
    • $700,000
      10.00 Acres

      10 Acres of Prime Land

      Prime 10-acre land parcel with highway frontage near Denton.
      Tbd Elm Btm Cir, Aubrey, TX 76227
      View Details
    • $2,017,730
      22.37 Acres

      22.37 Acres in Denton, TX

      22.37 acres of land for sale in Denton, TX.
      3245 Elm Bottom Cir, Denton, TX 76227
      View Details
    • $888,000
      10.43 Acres

      Acreage with Lake Access

      Ag-exempt land with lake views and access in Cross Roads.
      2301 Moseley Rd, Cross Roads, TX 76227
      View Details

    Similar Nearby for Sale

    • $2,000,000
      6.00 Acres

      Unrestricted Land on Stewart Road

      Rare unrestricted land ideal for industrial or retail use.
      4 Stewart Rd, Aubrey, TX 76227
      View Details
    • $2,872,000

      Multi-Tenant Retail and Office Center

      Well-located retail and office center in the heart of Krugerville.
      5246 Us Highway 377, Aubrey, TX 76227
      View Details
    • $887,340
      1.60 Acres

      Commercial Pads on Highway 377

      Three commercial lots with highway frontage and on-site sewer.
      1.6 Acres Pne Rdg Ln, Aubrey, TX 76227
      View Details
    • $700,000
      10.00 Acres

      10 Acres of Prime Land

      Prime 10-acre land parcel with highway frontage near Denton.
      Tbd Elm Btm Cir, Aubrey, TX 76227
      View Details
    • $2,017,730
      22.37 Acres

      22.37 Acres in Denton, TX

      22.37 acres of land for sale in Denton, TX.
      3245 Elm Bottom Cir, Denton, TX 76227
      View Details
    • $888,000
      10.43 Acres

      Acreage with Lake Access

      Ag-exempt land with lake views and access in Cross Roads.
      2301 Moseley Rd, Cross Roads, TX 76227
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Service Facility with Outdoor Storage

      8,000 SF service facility on 5 acres for lease.
      10615 Fishtrap Rd, Aubrey, TX 76227
      View Details
    • Contact for pricing

      Prime Location on HWY 377

      High-visibility commercial space for rent in rapidly growing Aubrey, TX.
      5315 Us Highway 377, Krugerville, TX 76227
      View Details
    • $24 SF/Yr
      2,080 SF

      Renovated Office/Showroom with Yard

      Newly renovated office/showroom with yard space available for lease.
      4336 Us Highway 377, Aubrey, TX 76227
      View Details
    • $20 SF/Yr
      2,000 SF

      Retail Space on Highway 377

      Retail space available for lease in rapidly growing Aubrey, TX.
      5315 Us Highway 377, Aubrey, TX 76227
      View Details
    • $900 /Mo
      30,405 SF

      Office and Retail Space Available

      Office and retail space for lease with highway frontage.
      8300 Us Highway 380, Aubrey, TX 76227
      View Details
    • Contact for pricing
      2,740 SF

      Retail Strip Center Space Available

      Retail spaces available in Aubrey, TX, estimated delivery Summer 2023.
      2965 Fm 1385, Aubrey, TX 76227
      View Details
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    8858 Stewart Rd
    Cross Roads, TX 76227
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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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