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    21.74 Acres Fm 937 Groesbeck, TX 76642

    For Sale
    $295,000

    Unimproved Land - Groesbeck, TX

    Type:Unimproved Land
    Lot size:
    21.74 Acres
    Days on Market:
    97
    Last Refresh:
    Dec 10 at 4:06 am

    Property Features for 21.74 Acres Fm 937

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R41324
    Lot size
    21.74 Acres

    Building Details

    Architectural style
    Other

    Realty Plus - Groesbeck (254) 729-5555

    Listing agent Kara McLelland (254) 729-5555 License #0587384

    Listing date Sep 5, 2025

    MLS# 21049906 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

    21.74 Acres in Groesbeck, TX

    This 21.74-acre property is located on the south end of Groesbeck, Texas, adjacent to the city limits and the McLelland Addition. It presents potential for a residential home-site, multiple home-sites, residential development, or a number of commercial uses. The land features approximately 700 feet of road frontage on FM 937 and approximately 1400 feet of road frontage on LCR 783. The topography is flat to gently rolling, with a small seasonal creek along one side and a few large, mature oak trees. Currently used for cattle and hay production, the property has an active agriculture exemption for low property taxes. It includes barbed wire fencing on three sides, a covered storage area, and sturdy cattle pens. City water, electricity, and natural gas are located nearby, but the availability and cost of obtaining those services needs to be verified. Well water is typically considered good and reliable in the area. Some basic deed restrictions may apply to protect the adjacent property owners.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Groesbeck
    County
    Limestone
    State
    Texas
    Longitude
    -96.52102654
    Latitude
    31.50504792

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    FAQs

    What type of property is this?
    Land - 21.74 acres of unimproved land with development potential.
    Where is this land located?
    The property is located at 21.74 Acres Fm 937 Groesbeck, TX.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - 21.74 acres suitable for residential or commercial development.; - Road frontage on two sides: FM 937 (700 ft) and LCR 783 (1400 ft).; - Located just outside Groesbeck city limits, adjacent to McLelland Addition.
    (254) 729-5555
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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
    21.74 Acres Fm 937 Groesbeck, TX 76642
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