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    8970 State Highway 34 Quinlan, TX 75474
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    8970 State Highway 34 Quinlan, TX 75474

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    • Commercial land
    For Sale
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    Commercial Land Parcel in Quinlan For Sale
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    Commercial Land Parcel in Quinlan

    Highly visible commercial land with development potential in Quinlan, TX.

    8970 State Highway 34, Quinlan, TX 75474
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    Property ID
    US82-9102516
    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 8970 State Highway 34

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    This highly visible commercial land parcel at 8970 State Highway 34, Quinlan, TX 75474 , offers an exceptional development opportunity with commercial zoning that allows for a variety of uses. The property comprises 0.432 acres (18,817.92 SF) of raw land, featuring approximately 135 feet of frontage on the new Quinlan Loop extension of SH276, ensuring excellent visibility and accessibility. The location benefits from a significant 2023 traffic count of 17,874 VPD at the intersection of SH34 and SH276. Area demographics support future growth, with a 2024 population exceeding 11,900 within a five-mile radius and average household incomes in that area of approximately $75,108 . For pricing and further information, please contact Jeanie Gillock at 214-304-8774. For a complete list of all available properties, please visit www.ridgepcre.com.

    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
    Quinlan
    County
    Hunt
    State
    Texas
    Longitude
    -96.128992
    Latitude
    32.90182

    Comparable in this City

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      Highway Frontage Land in Quinlan, TX

      189-acre tract with highway frontage, ideal for development.
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    • $450,000
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      Highway Frontage Corner Land Parcel

      Unimproved corner land with highway frontage near upcoming bypass.
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    • $190,000
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      Commercial Land Near Lake Tawakoni

      0.628 acre commercial lot on Hwy 276 near Lake Tawakoni.
      Lot 21 Hwy 276, West Tawakoni, TX 75474
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    • $189,500
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      West Tawakoni Unimproved Land

      Approximately 1.241 acre commercial land for sale in West Tawakoni.
      101 E State Highway 276, West Tawakoni, TX 75474
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    • $235,000
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      Highway Frontage Land Near Lake

      1.21 acre tract with utilities, near Lake Tawakoni.
      617 E State Highway 276, West Tawakoni, TX 75474
      View Details

    Similar Nearby for Sale

    • $1,827,000
      63.00 Acres

      Spacious Land Near Lake Tawakoni

      68-acre lot with trees, creek, and ponds near Lake Tawakoni.
      775 East Quinlan Pkwy St, Quinlan, TX 75474
      View Details
    • $7,577,160
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      Highway Frontage Land in Quinlan, TX

      189-acre tract with highway frontage, ideal for development.
      State Highway 34, Quinlan, TX 75474
      View Details
    • $450,000
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      Highway Frontage Corner Land Parcel

      Unimproved corner land with highway frontage near upcoming bypass.
      2729 State Highway 276 W, Quinlan, TX 75474
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    • $190,000
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      Commercial Land Near Lake Tawakoni

      0.628 acre commercial lot on Hwy 276 near Lake Tawakoni.
      Lot 21 Hwy 276, West Tawakoni, TX 75474
      View Details
    • $189,500
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      West Tawakoni Unimproved Land

      Approximately 1.241 acre commercial land for sale in West Tawakoni.
      101 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $235,000
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      Highway Frontage Land Near Lake

      1.21 acre tract with utilities, near Lake Tawakoni.
      617 E State Highway 276, West Tawakoni, TX 75474
      View Details

    Similar Nearby for Lease

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      Retail Opportunity in Quinlan, TX

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      Quinlan Commercial Space Opportunity

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    • New
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      Versatile Commercial Space in Quinlan, TX

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    • $3,500 /Mo
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      Versatile Commercial Space on Highway

      4,600+ sqft commercial space with highway frontage in Quinlan, TX.
      760 E Quinlan Pkwy, Quinlan, TX 75474
      View Details
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    8970 State Highway 34
    Quinlan, TX 75474
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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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