Add Listing
    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

    Lot5 CR 204 Grandview, TX 76050

    View on Map
    Claim this Listing
    For Sale
    $195,000

    Unimproved Land - Grandview, TX

    Type:Unimproved Land
    Lot size:
    5.00 Acres
    Added:
    Jan 9, 2026
    Days on Market:
    104
    Last Refresh:
    Apr 23 at 5:06 pm

    Property Features for Lot5 CR 204

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    126-0338-00030
    Lot size
    5.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Crystal Holmes

    Listing agent Crystal Holmes License #0473405

    Listing office Grandview Real Estate PO BOX 85, Grandview, TX

    Listing date Jan 9, 2026

    MLS# 21149488 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.

    Overview

    Grandview, TX Unimproved Land Parcel

    This 5-acre land parcel is located within the Grandview School District. The property, currently cultivated for hay and having been farmed for over 100 years, offers road frontage on CR 204. While not directly fronting FM 916, it is located in close proximity. The clean farmland could be a suitable site for development, subject to buyer verification of electrical and water requirements. The seller is willing to subdivide into five-acre parcels. Water well and onsite septic installation will be necessary. Restrictions include no manufactured homes, pig farms, junkyards, or junk vehicles. Site-built homes must have a minimum of 2000 square feet with at least 80% masonry on the exterior. Barndominiums are permitted. The property will not be split into tracts smaller than 5 acres, with a maximum of one home per 5-acre tract. The seller will not be responsible for any rollback taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Johnson
    State
    Texas
    Longitude
    -97.2154
    Latitude
    32.2875

    Nearby Similar for Sale

    • $850,000
      2,636 SF

      Picturesque Acreage with Mature Oak Trees

      Exceptional property with mature trees, open pasture, and custom-built home.
      6265 County Road 305, Grandview, TX 76050
      View Details
    • $595,000
      1,872 SF

      Farmhouse Ranch in Grandview, Texas

      Charming farmhouse on 6.887 acres with horse facilities.
      5400 County Road 402, Grandview, TX 76050
      View Details
    • $109,000

      Cleared Land in Grandview, TX

      2.2 acres of undeveloped land in a growing area.
      7408 County Road 205, Grandview, TX 76050
      View Details
    • $305,000

      Grandview Land with Large Tank

      11.7-acre property with tank, ideal for building dream home.
      9841 Terry Meadows Lane, Grandview, TX 76050
      View Details
    • $1,990,000

      Grandview, TX Farm and Ranch

      132-acre farm and ranch property in Grandview ISD.
      10517 County Road 418, Grandview, TX 76050
      View Details
    • $125,550

      Grandview, TX Unimproved Land

      2.79 acres of land with countryside views near Grandview.
      9117 County Road 101A, Grandview, TX 76050
      View Details
    • $125,550

      Grandview, TX Unimproved Land

      2.79 acres of land with countryside views near Grandview.
      9109 County Road 101A, Grandview, TX 76050
      View Details
    • $143,550

      Unimproved Land in Grandview, TX

      2.79 acres of land with countryside views near Grandview.
      9101 County Road 101A, Grandview, TX 76050
      View Details
    • $275,000

      Recreational Land Near Metroplex

      16.45 acre recreational land perfect for hunting and fishing.
      000 Bee Creek Road, Grandview, TX 76050
      View Details
    • $132,750

      Grandview, TX Unimproved Land

      2.95 acres with countryside views near Grandview and Maypearl, TX.
      9141 County Road 101A, Grandview, TX 76050
      View Details
    • $130,500

      Grandview, TX Unimproved Land

      2+ acre lot with countryside views near Grandview and Maypearl.
      9133 County Road 101A, Grandview, TX 76050
      View Details
    • $125,550

      Grandview, TX Unimproved Land

      2.79 acres of land with countryside views near Grandview, TX.
      9125 County Road 101A, Grandview, TX 76050
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5-acre land parcel in Grandview, TX, suitable for development.
    Where is this agricultural land / farmland located?
    The property is located at Lot5 CR 204 Grandview, TX.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: 80 acres of farmland in Grandview School District with significant road frontage on CR 204 and CR 103.; Conveniently located close to I‑35.; Subdividable into various parcel sizes: (5) 5‑acre, (4) 10‑acre, or (1) 15‑acre, or larger parcels.
    (817) 866-3339
    We can help!
    Listing Contact
    Crystal Holmes
    Real Estate License ID: 0473405
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!