Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Improved Land with Two-Story Shop Title is generated by Realmo AI

    250 Willow Lane, Van Alstyne, TX 75495

    View on Map
    Claim this Listing
    For Sale
    $725,000

    Improved Land - Van Alstyne, TX

    Lot size:
    5.72 Acres
    Added:
    Feb 26, 2025
    Days on Market:
    461
    Last Refresh:
    Jun 2 at 4:06 pm

    Property Features for 250 Willow Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    407615
    Lot size
    5.72 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Linda McConnell
    Linda McConnell

    Listing agent Linda McConnell License #0427833

    Listing office Sudderth Real Estate, Inc. 404 N Powell Parkway, Leonard, TX

    Listing date Feb 26, 2025

    MLS# 20694203 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

    • Prepped 5+ acre build site on a private road with pond, trees, and privacy.
    • Two‑story, heavily reinforced (Fort Knox‑like) 40' x 60' shop with 36' peak.
    • Shop is insulated with closed and open cell foam on walls and ceiling.
    • Shop includes three insulated garage doors (8'x10', 10'x10', 12'x14').
    • Shop has belled pier foundation with significant rebar reinforcement.
    • Property includes rail gutters all the way around the shop.

    Overview

    This secluded 5.72-acre property, located on a private road, presents a prepped build site with a pond, trees, and privacy. A notable feature is the two-story shop, constructed with a red iron frame and closed-cell foam insulation on all walls and the ceiling, with additional open-cell foam on the ceiling. The shop includes two walk-in doors and three insulated garage doors of varying sizes: 8 feet wide by 10 feet high, 10 feet wide by 10 feet high, and 12 feet wide by 14 feet high. It also features a belled pier foundation with rebar reinforcement. The shop measures 40 feet wide by 60 feet long, with a 36-foot peak height and rail gutters around the perimeter. This property in Van Alstyne, Grayson County, TX is ready for building a home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Hotel & Motel Gym & Fitness Center Storage Facility Garden Center Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.619774
    Latitude
    33.429764

    Nearby Similar for Sale

    • $725,000
      2,597 SF

      New Construction Retail/Office Opportunity

      New construction retail/office space with vintage Texaco station attached.
      306 S Waco Street, Van Alstyne, TX 75495
      View Details
    • $3,600,000

      Versatile Industrial Property in Grayson County

      11,025 SF facilities on 5.717 acres in fast-growing Grayson County.
      659 Martin Duke Road, Van Alstyne, TX 75495
      View Details
    • $1,150,000
      3,624 SF

      Farm/Ranch with Private Lake

      8.4-acre farm with custom home, lake, and workshop.
      364 Parker Road, Van Alstyne, TX 75495
      View Details
    • $485,000

      Well-Maintained Duplex in Growing Van Alstyne

      Duplex with rental income potential in a thriving North Texas community.
      1185 Greywood Drive, Van Alstyne, TX 75495
      View Details
    • $3,700,000
      5,000 SF

      Lakefront Legacy Estate in Texas

      74.4-acre estate with 13-acre lake and 5,000 SF barn.
      318 Cold Springs Road, Van Alstyne, TX 75495
      View Details
    • $534,900

      Van Alstyne Multifamily Investment Property

      Multifamily property near city center, ideal for short-term rentals.
      530 S Waco Street, Van Alstyne, TX 75495
      View Details
    • $450,000

      Van Alstyne Land with Pond

      5+ acre tract with pond, barn, and water meter.
      0000 Judd Road, Van Alstyne, TX 75495
      View Details
    • $3,200,000
      2,725 SF

      Equestrian Estate with Private Pond

      Turnkey equestrian estate on 59.64 acres with a 10-acre pond.
      1251 Jim Cannon Road, Van Alstyne, TX 75495
      View Details
    • $375,000

      Land East of Highway 75

      Unimproved land available east of Highway 75 in Van Alstyne.
      0000 Van Alstyne Parkway, Van Alstyne, TX 75495
      View Details
    • $1,442,000
      4,008 SF

      9.1 Acres with 4,008 SF Buildings

      9.1 acres in Grayson County with commercial zoning and buildings.
      1253 N HILL Street N, Van Alstyne, TX 75495
      View Details
    • $3,500,000

      Prime Commercial Land on Highway

      Exceptional visibility and accessibility on highly traveled Highway 75.
      14564 US Highway 75, Van Alstyne, TX 75495
      View Details
    • $2,599,000

      Unzoned Land with Utilities Available

      15 acres near downtown Van Alstyne with utilities and shop.
      10590 FM 121, Van Alstyne, TX 75495
      View Details

    FAQs

    What type of property is this?
    Land - 5+ acre build site with pond and two-story shop.
    Where is this land located?
    The property is located at 250 Willow Lane Van Alstyne, TX.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Prepped 5+ acre build site on a private road with pond, trees, and privacy.; Two‑story, heavily reinforced (Fort Knox‑like) 40' x 60' shop with 36' peak.; Shop is insulated with closed and open cell foam on walls and ceiling.
    (972) 924-2222
    We can help!
    Listing Contact
    Linda McConnell
    Linda McConnell
    Real Estate License ID: 0427833
    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
    250 Willow Lane, Van Alstyne, TX 75495
    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!