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    5187 Fm 121 Van Alstyne, TX 75495

    For Sale
    $1,729,800

    Unimproved Land - Van Alstyne, TX

    Type:Unimproved Land
    Lot size:
    38.44 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 11 at 10:06 am

    Property Features for 5187 Fm 121

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    133223
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    38.44 Acres

    Building Details

    Year built
    1880
    Architectural style
    Other

    Benton-Luttrell Real Estate Co (903) 482-8400

    Listing agent William Benton (903) 482-8400 License #0254366

    Listing date Oct 8, 2025

    MLS# 20995181 Listing URL

    Copyright © 2025 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

    38.44 Acres of Unimproved Land

    This 38.44-acre property, known as the old Grider home place, is a landmark of Cannon, Texas, featuring an old house and barn. The land offers potential for building a new home or subdividing to create a quiet country neighborhood. The property includes improved pastures that are fenced and cross-fenced, and are in great condition. Several old water wells are present on the property. Small creeks divide the pastures, with trees scattered throughout and a heavily treed area in the back. The land boasts a variety of trees, including Pecan, Oak, and Cedar Elm. All utilities are available along the frontage of FM 121. Located within the Van Alstyne Independent School District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Department Store Food Market Electrical Service Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.47829481
    Latitude
    33.44044131

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    FAQs

    What type of property is this?
    Agricultural land - Landmark property in Cannon, Texas, ideal for building or subdividing.
    Where is this agricultural land located?
    The property is located at 5187 Fm 121 Van Alstyne, TX.
    What is the asking price?
    The asking price for this property is $1,729,800.
    What are key features of this property?
    This property features: - Excellent location in highly acclaimed Van Alstyne ISD; - Improved and fenced pastures in great condition; - Ideal for building a new home or subdivision
    (903) 482-8400
    Request Owner's contact information
    5187 Fm 121 Van Alstyne, TX 75495
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    Realmo Value Estimation

    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

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    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.

    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
    5187 Fm 121 Van Alstyne, TX 75495
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