Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Lot in Bells, TX Title is generated by Realmo AI

    000 S Jernigan Street, Bells, TX 75414

    View on Map
    Claim this Listing
    For Sale
    $69,000

    Improved Land - Bells, TX

    Lot size:
    0.32 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    60
    Last Refresh:
    May 17 at 10:06 am

    Property Features for 000 S Jernigan Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    138426
    Lot size
    0.32 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dianna Whitlock

    Listing agent Dianna Whitlock License #0545717

    Listing office Ann's Realty P O Box 136, Bells, TX

    Listing date Mar 19, 2026

    MLS# 21177971 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.

    HighLights

    • Located within the city limits of Bells.
    • Lot is cleared and ready for building.
    • Opportunity to combine with two adjacent lots for a larger property.
    • Potential to build a house and a shop building.
    • Close proximity to Roger Sanders Park.
    • City water and sewer believed to be available.

    Overview

    Located within the city limits of Bells, this 0.321-acre lot is offered for sale. The lot was previously occupied by a house that has since been removed and the lot cleared. It is located near Roger Sanders Park. City water and sewer are believed to be available, with a sewer tap believed to be on the Jernigan Street side of the property. City water runs in front of the property. The lot could be combined with two other lots being offered for sale by the same owner to provide ample space for building a house and a shop building, with room for outdoor activities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bells
    County
    Grayson
    State
    Texas
    Longitude
    -96.4061905
    Latitude
    33.6068637

    Nearby Similar for Sale

    • $378,532

      6.3-Acre Commercial Lot in Bells, TX

      Unimproved 6.3-acre commercial lot with highway frontage in Bells, TX.
      2507 Us-82, Bells, TX 75414
      View Details
    • $999,500

      Texas Ranch with Private Pond

      37.9-acre ranch in Bells, TX with water well.
      9015 US Highway 69, Bells, TX 75414
      View Details
    • $215,000

      Self-Storage Facility in Bells, Texas

      Self-storage facility with value-add potential in Bells, Texas.
      104 S Commercial Street, Bells, TX 75414
      View Details
    • $399,000

      Secluded 11-Acre Wooded Land

      Private, gated 11-acre wooded tract in North Texas.
      Lot 1 US Highway 69, Bells, TX 75414
      View Details
    • $360,000

      11 Acre Agricultural Exempt Land

      11 acres with pond, electricity, and water access.
      000 Hwy 56, Bells, TX 75414
      View Details
    • $420,000

      18 Acres in Bells, TX

      Unimproved 18-acre tract near Sherman with utilities available.
      4292 State Highway 56, Bells, TX 75414
      View Details
    • $497,000

      13 Acres Wooded Land with Pond

      13 acres of wooded Texas land with pond access.
      Lot 2 US Highway 69, Bells, TX 75414
      View Details
    • $519,000

      13 Acres Improved Land

      Prime 13-acre tract with water well in Bells, TX.
      Lot 3 US Highway 69, Bells, TX 75414
      View Details
    • $445,000

      Bells, TX Unimproved Land

      18.861 acres near Sherman, TX, ideal for homesite.
      6484 State Highway 56, Bells, TX 75414
      View Details
    • $139,000

      Spacious Land in Bells, Texas

      Over 3 acres to build your dream home!
      0 W Vernon Street, Bells, TX 75414
      View Details
    • $1,800,000

      Prime Acreage in Bells, TX

      60.57 acres in the path of North Texas growth.
      0000 Crews Road, Bells, TX 75414
      View Details
    • $90,000

      Cleared Lot in Bells, TX

      Oversized lot in desirable school district with utilities in place.
      212 S Wilson Street, Bells, TX 75414
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared lot in Bells, TX, near Roger Sanders Park.
    Where is this residential land & home lot located?
    The property is located at 000 S Jernigan Street Bells, TX.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: Located within the city limits of Bells.; Lot is cleared and ready for building.; Opportunity to combine with two adjacent lots for a larger property.
    (903) 818-2676
    We can help!
    Listing Contact
    Dianna Whitlock
    Real Estate License ID: 0545717
    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 S Jernigan Street, Bells, TX 75414
    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!