Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    41.85 Acres State Hwy 64 Canton, TX 75103

    Sponsored
    For Sale
    $1,500,000

    Unimproved Land - Canton, TX

    Type:Unimproved Land
    Lot size:
    41.85 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 30 at 4:06 am

    Property Features for 41.85 Acres State Hwy 64

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000006546
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    41.85 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Candace Gore

    Miller Homes Group PLLC (903) 504-5474

    Listing agent Candace Gore (903) 504-5474 License #0723494

    Listing date Jan 24, 2026

    MLS# 21161398 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

    Overview

    Highway Frontage Development Opportunity

    This 41.85-acre tract of unimproved land is positioned just outside the city limits of Canton, Texas, and within the ETJ. It offers development possibilities with over 550 linear feet of frontage on State Highway 64, where average daily traffic counts are just under 9,000 vehicles. The property includes an owned private road along the west side, providing flexibility for phased development, multiple access points, or future subdivision planning. The location and road exposure make this property suited for residential subdivision, multifamily, commercial, industrial, or a mixed-use project. There is no city zoning, only ETJ oversight. Canton has been experiencing growth in both population and economic activity, with the city’s estimated population growing by over 13% since the 2020 census. Located in Van Zandt County, minutes from I-20 and within reach of the Dallas-Fort Worth Metroplex, Canton is attracting new businesses, services, and residents. Local development includes new retail centers, health services expansions, and entertainment amenities. Canton’s First Monday Trade Days brings visitors monthly, amplifying demand for lodging, retail, food service, and supporting infrastructure.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Canton
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.84354199
    Latitude
    32.5442214

    Nearby Similar for Sale

    • $1,100,000
      2,624 SF

      Equestrian Property with Covered Arena

      Equestrian property on 10 acres with arena and stables.
      370 Vz County Road 4134, Canton, TX 75103
      View Details
    • New
      $1,245,000
      1,896 SF

      East Texas Vineyard Retreat

      27.8-acre vineyard with tasting room, barn, and spacious home.
      5518 State Highway 198, Canton, TX 75103
      View Details
    • $500,000
      0.33 Acres

      Fully Occupied Commercial Investment Opportunity

      Prime commercial property near First Monday Trade Days in Canton, TX.
      611 S Trade Days Blvd, Canton, TX 75103
      View Details
    • $319,000
      0.29 Acres

      Historic Canton Property with Potential

      Unique property near town square, brimming with potential and history.
      531 State Hwy 64 Hwy, Canton, TX 75754
      View Details
    • $2,985,000
      5,600 SF

      96-Acre Canton Estate

      96-acre Canton, TX property with main home, barndominium, and outbuildings.
      1036 Private Road 8905, Canton, TX 75103
      View Details
    • $197,500
      4,386 SF

      Canton, TX Commercial Opportunity

      Prime corner lot near Canton's First Monday Trades Day.
      281 E Goshen St, Canton, TX 75103
      View Details
    • $197,500
      0.38 Acres

      Canton, TX Commercial Opportunity

      Prime corner lot near Canton, TX and First Monday Trades
      281 E Goshen St, Canton, TX 75103
      View Details
    • New
      $1,265,000
      3,904 SF

      Canton, TX Multi-Use Estate

      92.14-acre property with a home and entertainment venue.
      1210 Vz County Road 2316, Canton, TX 75103
      View Details
    • New
      $250,000
      500 SF

      Canton Retail with Owner Financing

      Retail property in Canton, TX with owner financing available.
      402 E College St, Canton, TX 75103
      View Details
    • $3,990,000
      8.27 Acres

      Canton Mixed-Use Investment Opportunity

      Downtown Canton property with warehouse, retail, parking, and rental options.
      176 N Trade Days Blvd, Canton, TX 75103
      View Details
    • $329,000
      0.35 Acres

      Canton Trade Days Multi-Use Building

      Versatile commercial building with retail space and owner's suite.
      Rows 2 & 3, Canton, TX 75103
      View Details
    • $950,000
      1,887 SF

      Canton Ranch with Development Potential

      54-acre Canton, TX ranch ideal for development or building.
      1032 Vz County Road 2309, Canton, TX 75103
      View Details

    FAQs

    What type of property is this?
    Commercial land - 41.85 acres with highway frontage near Canton, Texas.
    Where is this commercial land located?
    The property is located at 41.85 Acres State Hwy 64 Canton, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 41.85-acre tract with significant development potential for residential, multifamily, commercial, industrial, or mixed-use projects.; - Excellent highway frontage with over 550 linear feet on State Highway 64 and high visibility, seeing just under 9,000 vehicles daily.; - Located just outside city limits but within the ETJ, offering development freedom with growth potential.
    (903) 504-5474
    Request Owner's contact information
    41.85 Acres State Hwy 64 Canton, TX 75103
    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.
    41.85 Acres State Hwy 64
    Canton, TX 75103
    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
    41.85 Acres State Hwy 64 Canton, TX 75103
    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

    We can help!
    Listing Contact
    Candace Gore
    Real Estate License ID: 0723494
    (903) 504-5474
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.