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    925 Boyd Rd Azle, TX 76020
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    925 Boyd Rd, Azle, TX 76020

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    • Commercial real estate
    • 4.14 lot acres
    Off-Market
    Property ID
    US82-7596664
    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 real estate

    Property Details for 925 Boyd Rd

    Lot size
    4.14 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.136-acre property presents a remarkable development opportunity in the thriving city of Azle, Texas. Located at 925 Boyd Road, this strategically positioned land offers significant potential for both commercial and residential projects. The property's zoning allows for a diverse range of uses, encompassing both commercial and residential development. While a majority of the land is currently zoned residential, the possibility of rezoning exists, opening doors to a wider array of development options. Currently unplatted, this expansive tract provides flexibility for customized development plans. Access is facilitated by a 60-foot right-of-way from Pecan Street, designated for future street development. A noteworthy aspect is the approximately one-third acre parcel situated behind a Burger King location, which is zoned for heavy commercial use. This presents a unique opportunity for businesses seeking high-visibility locations. The property boasts the convenience of readily available city water and sewer services, simplifying infrastructure development. The asking price for this prime development land is $229,000. This represents a compelling investment in a rapidly growing area of Tarrant County, Texas, with excellent access to major thoroughfares and a vibrant community. The property is situated in the 76020 zip code.

    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
    Azle
    County
    Tarrant
    State
    Texas
    Longitude
    -97.545203
    Latitude
    32.910133

    Comparable in this City

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    Similar Nearby for Sale

    • New
      $650,000
      1.22 Acres

      Gated Waterfront Land with Guest House

      Gated, fenced waterfront property with main and guest houses, storage buildings, and direct access to Eagle Mountain Lake.
      13350 Miller Rd, Azle, TX 76020
      View Details
    • $650,133
      3.98 Acres

      Commercial Land with Road Frontage

      Multi-use tract with strong visibility off FM 730, plus two homes and a shop for immediate income or development planning.
      6697 S Fm 730, Azle, TX 76020
      View Details
    • $345,000
      0.08 Acres

      Azle, TX Duplex Investment

      Duplex in Azle, TX with investment potential.
      1244 Village Garden Dr, Azle, TX 76020
      View Details
    • $775,000
      1.06 Acres

      Fully Renovated Quadplex Investment

      Four fully renovated units with separate meters, fenced backyards, and dedicated parking—built for low-maintenance income.
      E Reno Rd, Reno, TX 76020
      View Details
    • Contact for pricing

      Profitable RV Park Near Fort Worth

      Fully occupied RV park with income potential near Fort Worth.
      8150 Peden Rd, Azle, TX 76020
      View Details
    • $1,149,000
      1.00 Acre

      Five-Unit Multifamily Investment

      Five income-producing units with updated interiors, private well and individual meters, plus garage parking for tenant convenience.
      1032 Greg St, Azle, TX 76020
      View Details

    Similar Nearby for Lease

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      Neighborhood Retail Center in Azle

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      Restaurant-Ready Strip Retail Center

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      Retail Units For Lease

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      Neighborhood Center Retail Space

      Retail space available in Tarrant County neighborhood center.
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      Azle Storage and Industrial Space

      Storage and industrial space available for lease in Azle, TX.
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      Flex Warehouse with Office Space

      Lease a 2-bay flex setup with offices, a full bathroom, ample parking, and outdoor space for operations and expansion.
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    Azle, TX 76020
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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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