Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    -000 Martin Duke Road Van Alstyne, TX 75495

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $200,000

    Unimproved Land - Van Alstyne, TX

    Type:Unimproved Land
    Lot size:
    2.23 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    28
    Last Refresh:
    May 3 at 12:06 pm

    Property Features for -000 Martin Duke Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    136033
    Lot size
    2.23 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    William Benton

    Listing agent William Benton License #0254366

    Listing office Benton-Luttrell Real Estate Co P.O. Box 849, Van Alstyne, TX

    Listing date Apr 6, 2026

    MLS# 20823191 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unimproved Land in Van Alstyne

    This property consists of 2.233 acres of unimproved land situated in a commercial-industrial area of Van Alstyne, Texas. City utilities are available. The property is not zoned.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.5649702
    Latitude
    33.4142085

    Nearby Similar for Sale

    • $799,000
      2,597 SF

      New Construction Retail/Office Space

      New construction retail, restaurant, or office space in Van Alstyne.
      306 S Waco Street, Van Alstyne, TX 75495
      View Details
    • $3,600,000

      Versatile Industrial Property in Grayson County

      11,025 SF facilities on 5.717 acres in fast-growing Grayson County.
      659 Martin Duke Road, Van Alstyne, TX 75495
      View Details
    • $549,900

      Van Alstyne Multifamily Investment Property

      Multifamily property near city center and US-75 in Van Alstyne.
      530 S Waco Street, Van Alstyne, TX 75495
      View Details
    • $485,000

      Well-Maintained Duplex in Growing Van Alstyne

      Duplex with rental income potential in a thriving North Texas community.
      1185 Greywood Drive, Van Alstyne, TX 75495
      View Details
    • $328,500

      Unimproved Land with Hillside Views

      2.63 acres of land with utilities in Van Alstyne, TX.
      5016 Fm 121, Van Alstyne, TX 75495
      View Details
    • $300,000

      Residential Land in Van Alstyne

      2.6 acres for custom home in growing Van Alstyne.
      145 Wild Road, Van Alstyne, TX 75495
      View Details
    • $450,000

      Van Alstyne Land with Pond

      5+ acre tract with pond, barn, and water meter.
      0000 Judd Road, Van Alstyne, TX 75495
      View Details
    • $375,000

      Land East of Highway 75

      Unimproved land available east of Highway 75 in Van Alstyne.
      0000 Van Alstyne Parkway, Van Alstyne, TX 75495
      View Details
    • $1,442,000
      4,008 SF

      9.1 Acres with 4,008 SF Buildings

      9.1 acres in Grayson County with commercial zoning and buildings.
      1253 N HILL Street N, Van Alstyne, TX 75495
      View Details
    • $3,200,000
      2,725 SF

      Equestrian Estate with Private Pond

      Turnkey equestrian estate on 59.64 acres with a 10-acre pond.
      1251 Jim Cannon Road, Van Alstyne, TX 75495
      View Details
    • $2,599,000

      Unzoned Land with Utilities Available

      15 acres near downtown Van Alstyne with utilities and shop.
      10590 FM 121, Van Alstyne, TX 75495
      View Details
    • $3,807,000

      Van Alstyne Ranch with Farmhouse

      60.2-acre ranch featuring a farmhouse, barns, and ponds.
      3847 Fm 3133, Van Alstyne, TX 75495
      View Details

    FAQs

    What type of property is this?
    Land - 2.233 acres of land with city utilities in Van Alstyne, TX.
    Where is this land located?
    The property is located at -000 Martin Duke Road Van Alstyne, TX.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: City utilities included; Small tract of land; Located in commercial‑industrial use area
    (903) 482-8400
    We can help!
    Listing Contact
    William Benton
    Real Estate License ID: 0254366
    Learn More
    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.
    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

    Thank You for Inquiry

    -000 Martin Duke Road, Van Alstyne, TX 75495

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!