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

    1506 Rodgers Road Whitesboro, TX 75092

    View on Map
    Claim this Listing
    For Sale
    $1,875,000

    Unimproved Land - Whitesboro, TX

    Type:Unimproved Land
    Lot size:
    60.51 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    53
    Last Refresh:
    May 1 at 11:06 am

    Property Features for 1506 Rodgers Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    119454
    Lot size
    60.51 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    CHANCE KIRBY
    CHANCE KIRBY

    Listing agent CHANCE KIRBY License #0422944

    Listing office IRICK REAL ESTATE 1255 S. Hwy 377 P O Box 441, Pilot Point, TX

    Listing date Mar 10, 2026

    MLS# 21203690 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

    60 Acres Near Highway 82

    This 60.507-acre tract is located one mile south of Highway 82, approximately 22 minutes from Sherman. The land fronts a paved road and has utilities on-site, including electricity and a water well. Coop water is also available. The property is suitable for running cattle, building a home, or holding as an investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.860276
    Latitude
    33.653745

    Nearby Similar for Sale

    • $455,000

      Downtown Whitesboro Mixed-Use Opportunity

      Versatile space in downtown Whitesboro with mixed-use potential.
      110 E Main Street, Whitesboro, TX 76273
      View Details
    • $659,000

      Equine Facility in Whitesboro, TX

      Turn-key horse facility on 10 acres in horse country.
      4113 W Line Road, Whitesboro, TX 76273
      View Details
    • $790,000
      2,532 SF

      Texas Ranch with Acreage

      Over 30 acres of beauty, peace, and possibility in Texas.
      1429 County Road 140, Whitesboro, TX 76273
      View Details
    • $799,000
      1,904 SF

      Equestrian Property Near Whitesboro, Texas

      Horse property with modern home, barn, and ample space.
      27403 State Highway 56, Whitesboro, TX 76273
      View Details
    • $779,000
      1,440 SF

      Modernized Barndominium on 12.97 Acres

      Turn-key 2 bed, 2 bath barndo with workshop.
      1630 County Road 140, Whitesboro, TX 76273
      View Details
    • $310,000

      Land Ready For Development

      Spacious land with utilities in a desirable location.
      515 Country Road 176, Whitesboro, TX 76273
      View Details
    • $2,250,000
      2,524 SF

      Premier Equestrian Estate and Breeding Center

      Turnkey equestrian estate with high-capacity boarding and elite breeding operations.
      1030 Roland Road, Whitesboro, TX 76273
      View Details
    • $1,799,999
      4,490 SF

      Equine Paradise with Two Brick Homes

      23-acre equine paradise featuring two identical brick homes.
      789 Stiles Road, Whitesboro, TX 76273
      View Details
    • $6,660,062
      3,888 SF

      Whitesboro Ranch with Southern-Style Home

      228-acre ranch suitable for equestrian, residential, or agricultural development.
      1276 Dixie Road, Whitesboro, TX 76273
      View Details
    • $90,000

      1.05 Acres in Whitesboro, TX

      1.05 acre tract near Downtown Whitesboro and Highway 82.
      5283 Old Town Road, Whitesboro, TX 76273
      View Details
    • $625,000

      25+ Acre Grayson County Land

      Beautiful land with pasture, woods, creek, and abundant wildlife.
      163 Twin Oaks Lane, Whitesboro, TX 76273
      View Details
    • $450,000
      1,250 SF

      Whitesboro Farm/Ranch with Barndo Home

      14.25 acres with ponds and barndo-style home in Whitesboro.
      3083 Business Highway 377, Whitesboro, TX 76273
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 60-acre tract near Highway 82 with utilities in place.
    Where is this agricultural land / farmland located?
    The property is located at 1506 Rodgers Road Whitesboro, TX.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: 60 acre tract of land - offers significant space and potential; Utilities on‑site (electricity and water well) - reduces initial development costs and provides immediate access to essential services; Convenient location - just one mile south of Highway 82 and 22 minutes from Sherman
    (940) 686-5233
    We can help!
    Listing Contact
    CHANCE KIRBY
    CHANCE KIRBY
    Real Estate License ID: 0422944
    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

    1506 Rodgers Road, Whitesboro, TX 75092

    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!