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    1145 Tbd County Rd Leonard, TX 75452

    For Sale
    $3,881,092

    Unimproved Land - Leonard, TX

    Type:Unimproved Land
    Lot size:
    169.47 Acres
    Days on Market:
    136
    Last Refresh:
    Dec 11 at 2:06 am

    Property Features for 1145 Tbd County Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    31229
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    169.47 Acres

    Building Details

    Architectural style
    Other

    Sudderth Real Estate, Inc. (972) 658-4776 [email protected]

    Listing agent Elaine Peebles (903) 587-3301 License #0449272

    Listing date Jul 29, 2025

    MLS# 20833152 Listing URL

    Copyright © 2025 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

    169.47 Acres Cropland Investment Property

    This 169.47-acre investment property, located between Celeste and Leonard, Texas, presents potential for development. The land, currently well-maintained cropland, features Bermuda grass waterways to ensure proper drainage. Situated approximately 16 miles from Greenville and 33 miles from Sherman, the property benefits from proximity to job opportunities and shopping. New technology plants are under construction around Sherman. The land is located within the Leonard Independent School District, where a new elementary school is being built. The property has frontage on an all-weather road and includes a 2-inch Hickory Creek water line, along with access to electricity from Encore or TNMP. The farm is currently leased to a local farmer who is interested in continuing the lease under new ownership.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Leonard
    County
    Fannin
    State
    Texas
    Longitude
    -96.21921842
    Latitude
    33.33001138

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    FAQs

    What type of property is this?
    Agricultural land - 169.47 acres of well-maintained cropland with development potential.
    Where is this agricultural land located?
    The property is located at 1145 Tbd County Rd Leonard, TX.
    What is the asking price?
    The asking price for this property is $3,881,092.
    What are key features of this property?
    This property features: - Investment property with development potential; - Leased to a top local farmer, who is interested in continuing the lease; - Located near growing job market and shopping in Sherman (33 miles)
    (903) 587-3301
    Request Owner's contact information
    1145 Tbd County Rd Leonard, TX 75452
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    Leonard, TX 75452
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    Realmo Value Estimation

    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.

    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.

    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
    1145 Tbd County Rd Leonard, TX 75452
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