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    56 Tbd 195.55 Acres State Hwy Southmayd, TX 76268

    For Sale
    $5,200,000

    Unimproved Land - Southmayd, TX

    Type:Unimproved Land
    Lot size:
    195.55 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 10 at 5:06 am

    Property Features for 56 Tbd 195.55 Acres State Hwy

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    123529
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    195.55 Acres

    Building Details

    Architectural style
    Other

    Paragon Realtors (903) 893-8174

    Listing agent Kimberly Hudgins (903) 893-8174 License #0624491

    Listing date Nov 14, 2025

    MLS# 21112124 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

    195.55 Acres of Unimproved Land

    This outstanding 195.55-acre property presents a rare opportunity to own a large, prime tract of land with substantial potential upside. Featuring frontage on both Highway 56 and Deaver Road, the property is well-positioned to benefit from the area’s growth. The future tollway path nearby is expected to add to the land’s value, making it a prime opportunity to hold for long-term appreciation. The varied terrain, with a mix of trees and open pasture, includes two ponds and provides a unique landscape with endless possibilities. An agricultural exemption is currently in place. This property is extremely well-positioned to benefit from the present and future growth of north Texas and the Sherman area. A survey is available in additional documents.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Southmayd
    County
    Grayson
    State
    Texas
    Longitude
    -96.74013311
    Latitude
    33.62662277

    Nearby Similar for Sale

    • $4,650,000
      150.00 Acres

      150 Acres of Rolling Terrain

      Scenic 150-acre ranch land with ponds near Sherman, Texas.
      000 Old Sherman Off Of Rd, Southmayd, TX 76268
      View Details

    FAQs

    What type of property is this?
    Land - Large tract of land with highway frontage and growth potential.
    Where is this land located?
    The property is located at 56 Tbd 195.55 Acres State Hwy Southmayd, TX.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - Large 195.55-acre tract of land; - Frontage on both Highway 56 and Deaver Road; - Proximity to future tollway, increasing land value
    (903) 893-8174
    Request Owner's contact information
    56 Tbd 195.55 Acres State Hwy Southmayd, TX 76268
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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

    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.

    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
    56 Tbd 195.55 Acres State Hwy Southmayd, TX 76268
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