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    3800 Dr Griffin Rd Cross Roads, TX 76227

    Sponsored
    For Sale
    $1,375,000

    Prairie, Farm/Ranch - Cross Roads, TX

    Type:Farm
    Property size:
    1,128 SF
    Lot size:
    5.55 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 1 at 2:06 am

    Property Features for 3800 Dr Griffin Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    1
    APN
    R192986
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Dry Bar, High Speed Internet Available, Pantry
    Exterior features
    Covered Patio/Porch, Fire Pit, Garden(s), Rain Gutters, Private Entrance, Private Yard, Stable/Barn, Storage, Storm Cellar, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Washer
    Size
    1,128 SF
    Lot size
    5.55 Acres

    Utilities

    Heating system
    Fireplace(s)

    Building Details

    Year built
    1969
    Floors in Building
    1
    Flooring type
    Engineered Wood, Laminate, Tile
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Prairie
    Additional Structures
    Barn(s), Stable(s), Storage

    We can help!

    Listing Contact
    Olga Lund
    Olga Lund

    Lund Realty (817) 829-2386

    Listing agent Olga Lund (817) 829-2386 License #0605798

    Listing date Feb 10, 2026

    MLS# 21090498 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

    5-Acre Land with Commercial Potential

    This property features a 2-bedroom, 1-bathroom home situated on 5.553 acres. The property includes landscaped areas and covered porches, surrounded by gardens and mature greenery. Equestrian facilities include an 8-stall horse barn and multiple cross-fenced pastures. A professionally lit horse arena with pole-mounted lighting is suitable for horses or livestock. A large workshop offers possibilities for hobbyists, contractors, or additional business ventures. Located near a future Lowe's & HEB and close to Frisco PGA, the property combines country living with convenience. The location along Hwy 377 corridor, lot shape with large side road frontage and multiple access driveways from the road, offers visibility and access, making it suitable for residential, agricultural, or future commercial development. The property is positioned in a high-growth corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cross Roads
    County
    Milam
    State
    Texas
    Longitude
    -96.992082
    Latitude
    33.248198

    FAQs

    What type of property is this?
    Horse & equestrian property - Land with home, horse barn, and commercial development potential.
    Where is this horse & equestrian property located?
    The property is located at 3800 Dr Griffin Rd Cross Roads, TX.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: - Prime location along Hwy 377 corridor with excellent visibility and multiple access driveways, ideal for residential, agricultural, or commercial development.; - 5-acre property with equestrian facilities including an 8-stall horse barn, cross-fenced pastures, and a professionally lit horse arena.; - Close proximity to major retailers (Walmart, future Lowe's & HEB) and Frisco PGA, combining country living with convenience.
    (817) 829-2386
    Request Owner's contact information
    3800 Dr Griffin Rd Cross Roads, TX 76227
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    Cross Roads, TX 76227
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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
    3800 Dr Griffin Rd Cross Roads, TX 76227
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    We can help!
    Listing Contact
    Olga Lund
    Olga Lund
    Real Estate License ID: 0605798
    (817) 829-2386
    Learn more
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