Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    705 College St Grandview, TX 76050

    Sponsored
    For Sale
    Under Contract
    $55,000

    Unimproved Land - Grandview, TX

    Type:Unimproved Land
    Lot size:
    0.28 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 1 at 11:06 pm

    Property Features for 705 College St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    126326503810
    Lot size
    0.28 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Holub

    Central Metro Realty (512) 454-6873

    Listing agent Sarah Holub (512) 454-6873 License #0731784

    Listing date Feb 24, 2026

    MLS# 21184926 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

    Property Insight Report

    Overview

    Residential Land in Grandview, TX

    This 0.28-acre unimproved land is located in Grandview, Texas. The lot is conveniently situated within walking distance of Grandview schools. A storage building is included with the property. A survey is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Nail Salon Gym & Fitness Center Building Supply Daycare Center Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Johnson
    State
    Texas
    Longitude
    -97.174151
    Latitude
    32.266503

    Nearby Similar for Sale

    • New
      $599,900
      1,872 SF

      Farmhouse Ranch in Grandview, Texas

      Charming farmhouse ranch with horse facilities and picturesque landscape.
      5400 County Road 402, Grandview, TX 76050
      View Details
    • $1,499,900
      0.77 Acres

      Established Feed Store in Grandview

      Feed store with retail, nursery, and storage buildings.
      201 S Mcduff St, Grandview, TX 76050
      View Details
    • $1,699,000
      2,527 SF

      Grandview Equestrian Ranch with Covered Arena

      50-acre Grandview ranch featuring equestrian facilities and comfortable living.
      10400 Fm 916, Grandview, TX 76050
      View Details
    • $1,990,000
      132.00 Acres

      Grandview, TX Farm and Ranch

      132-acre farm and ranch property in Grandview ISD.
      10517 County Road 418, Grandview, TX 76050
      View Details
    • $2,322,120
      200.00 Acres

      Grandview Ranch with Panoramic Views

      200-acre ranch with lake views, development potential, and recreational features.
      363 County Rd 4403, Grandview, TX 76050
      View Details
    • $1,499,900

      Grandview Feed Store Opportunity

      Established feed store with remodeled building and nursery wing.
      201 S Mcduff St, Grandview, TX 76050
      View Details
    • $200,000
      12.34 Acres

      Grandview, TX Land - 12 Acres

      Prime undeveloped land, I-35 frontage, abundant trees.
      Tbd Hcr 4149, Grandview, TX 76050
      View Details
    • $486,500
      33.00 Acres

      Grandview Ranch Land For Sale

      33 acres of gently rolling ranch land in Grandview, Texas.
      Tbd Fm 2258, Grandview, TX 76050
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Unimproved lot near Grandview schools, storage building included.
    Where is this residential land & home lot located?
    The property is located at 705 College St Grandview, TX.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - Conveniently located lot.; - Walking distance to Grandview schools.; - Storage building on property conveys.
    (512) 454-6873
    Request Owner's contact information
    705 College St Grandview, TX 76050
    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.
    705 College St
    Grandview, TX 76050
    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
    705 College St Grandview, TX 76050
    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
    Sarah Holub
    Real Estate License ID: 0731784
    (512) 454-6873
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!