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    1922 Bethel Cannon Rd Whitewright, TX 75491

    View on Map
    Sponsored
    For Sale
    $500,000

    Business - Whitewright, TX

    Type:Business
    Property size:
    5,912 SF
    Lot size:
    82.57 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 21 at 3:06 pm

    Property Features for 1922 Bethel Cannon Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    359859
    Parking features
    Covered, Driveway, Garage, Guest, Open, Other, Secured
    Fireplace
    1
    Size
    5,912 SF
    Lot size
    82.57 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s), Fireplace Insert, Wood (Heating), Wood Stove
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water front features
    Creek, Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Year built
    2017
    Flooring type
    Concrete, Hardwood, Tile, Wood
    Building materials
    Brick, Stone, Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Corey Baumann

    Whitetail Properties Real Estate

    Listing agent Corey Baumann License #0803877

    Listing date Mar 17, 2026

    MLS# 21191418 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.

    Learn more

    Property Insight Report

    Overview

    Whitewright Acreage with Event Venue

    Located in Whitewright, this 82.565-acre property is improved for residential, agricultural, recreational, and event-related use, subject to county requirements and buyer verification. The property features a 5,912 square foot custom home with stone, stucco, and wood siding, stone tile flooring, vaulted ceilings, and custom finishes. The home includes a formal dining room with a wood-burning fireplace and French doors to a large rear patio, four bedrooms, three full baths, and two half baths. The primary suite offers a sitting area with fireplace, patio access, a walk-in closet with dressing area, and a bath with jetted tub. The commercial-style kitchen is equipped with a large island, Zline double ovens, gas cooktop, vent hood, bar sink, wine cooler and ice maker, butler’s pantry, walk-in pantry and prep room. Outdoor amenities include a courtyard, in-ground pool with attached hot tub, and multiple patio access points. Additional improvements include a 1,200 square foot guest house with one bed and one bath. The bunkhouse accommodates up to 21 and includes a full kitchen, bar area, restrooms, and event space. A 4,000 square foot chapel seats 150+ and includes a bridal suite, restrooms, and food prep room. The property also features a 52x54 barn, fenced pastures, skeet range, interior road system, and approximately a 2-acre lake. It has a gated entrance with approximately 1,700 feet of road frontage. Public water, electricity, and septic are in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Building Supply Hotel & Motel Discount Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitewright
    County
    Grayson
    State
    Texas
    Longitude
    -96.436068
    Latitude
    33.449202

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    FAQs

    What type of property is this?
    Wedding venue - 82.565 acres improved for residential, agricultural, recreational, and event-related use.
    Where is this wedding venue located?
    The property is located at 1922 Bethel Cannon Rd Whitewright, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - 82.565± acre property suitable for residential, agricultural, recreational, and event-related use.; - Enjoy a **5,912± SF custom home** with 4 bedrooms, 3 full baths, 2 half baths, custom finishes, and a commercial-style kitchen.; - **Extensive amenities** including a guest house, bunkhouse (sleeps 21), **4,000± SF chapel** (seats 150+), in-ground pool with hot tub, and multiple patios.
    (217) 285-9000
    Request Owner's contact information
    1922 Bethel Cannon Rd Whitewright, TX 75491
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    Whitewright, TX 75491
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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
    1922 Bethel Cannon Rd Whitewright, TX 75491
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    Listing Contact
    Corey Baumann
    Real Estate License ID: 0803877
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