Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unimproved Land Ready for Building Title is generated by Realmo AI

    449 Locust Road, Pottsboro, TX 75076

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 449 Locust Road, Pottsboro, TX
    For Sale
    $175,000

    Unimproved Land - Pottsboro, TX

    Type:Unimproved Land
    Lot size:
    1.47 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    71
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 449 Locust Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    440363
    Lot size
    1.47 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Petersen

    Listing agent Michael Petersen License #0825922

    Listing office OnDemand Realty 6160 Warren Prkwy Ste 100, Frisco, TX

    Listing date Mar 12, 2026

    MLS# 21206698 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

    • Cleared and graded build site ready for construction.
    • 500‑foot gravel driveway installed for easy access.
    • Water line run to the meter, ready for connection.
    • Electric transformer in place, ready to connect.
    • Approved septic site evaluation for an aerobic system.
    • Beautiful pond with concrete spillway.

    Overview

    This 1.468-acre unimproved lot presents an opportunity to build a dream home. Several improvements have already been completed, including a cleared and graded build site and a 500-foot gravel driveway for easy access. A private, secluded homesite has been created. A water line has been run to the meter, ready for connection to a future structure. An electric transformer is in place, ready to connect to a temporary pole or meter bracket. The property features a pond with a concrete spillway created through excavation. A septic site evaluation for an aerobic system has been approved. Located in Pottsboro, Grayson County, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottsboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.7519095
    Latitude
    33.7976545

    Nearby Similar for Sale

    • $950,000
      2,344 SF

      Pottsboro Farm/Ranch Near Lake Texoma

      11-acre farm/ranch bordering Hagerman National Wildlife Refuge near Lake Texoma.
      7146 Refuge Road, Pottsboro, TX 75076
      View Details
    • $895,000

      Pottsboro Storage Facility on 9 Acres

      50-unit storage facility on 9 acres near Lake Texoma.
      470 Lazy Acres Circle, Pottsboro, TX 75076
      View Details
    • $445,000

      Pottsboro Land with Outbuildings

      5.75 acres in Pottsboro, TX with multiple outbuildings.
      Tbd Pearce Drive, Pottsboro, TX 75076
      View Details
    • $1,000,000

      Prime 10-Acre Commercial Land

      10 acres of commercial land in a rapidly growing corridor.
      Tbd FM 1417, Pottsboro, TX 75020
      View Details
    • $125,000

      Versatile Land Near Lake Texoma

      0.6-acre corner lot with RV hookups near Lake Texoma.
      197 Quail Creek Circle, Pottsboro, TX 75076
      View Details
    • $190,000

      Golf Course Lot Near Lake

      1.13 acre golf course lot near Lake Texoma.
      Lot 31 Palmer Lane, Pottsboro, TX 75076
      View Details
    • $135,000

      Unimproved Land Near Lake Texoma

      Land near Lake Texoma, close to Highport Marina.
      Tbd 881-4 Tanglewood Trail, Pottsboro, TX 75076
      View Details
    • $85,000

      Residential Land Near Lake Texoma

      Corner lot in gated community near Lake Texoma.
      11 Willow Tree Lane, Pottsboro, TX 75076
      View Details
    • $115,000

      Land Near Lake Texoma

      Unimproved land near Lake Texoma, Pottsboro, TX.
      Tbd 881-3 Tanglewood Trail, Pottsboro, TX 75076
      View Details
    • $95,000

      Residential Land Near Lake Texoma

      Gated community lot near Lake Texoma and Tanglewood.
      380 Whispering Meadow Boulevard, Pottsboro, TX 75076
      View Details
    • $958,000

      Pottsboro Land with Metal Shop

      35.51 acres of AG exempt land near Pottsboro, TX.
      316 FLOWING WELLS, Pottsboro, TX 75076
      View Details
    • $469,000

      Land For Sale Pottsboro, TX

      5.123 acre land parcel available in Pottsboro, Texas.
      0000 Reeves Road, Pottsboro, TX 75076
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Unimproved lot with completed improvements ready for your dream home.
    Where is this residential land & home lot located?
    The property is located at 449 Locust Road Pottsboro, TX.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Cleared and graded build site ready for construction.; 500‑foot gravel driveway installed for easy access.; Water line run to the meter, ready for connection.
    (214) 766-5833
    We can help!
    Listing Contact
    Michael Petersen
    Real Estate License ID: 0825922
    Learn More
    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
    449 Locust Road, Pottsboro, TX 75076
    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!