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

    725 Henderson Boulevard Groesbeck, TX 76642

    View on Map
    For Sale
    Contact for pricing

    Improved Land - Groesbeck, TX

    Lot size:
    0.48 Acres
    Added:
    Aug 3, 2025
    Days on Market:
    243
    Last Refresh:
    Apr 2 at 1:06 pm

    Property Features for 725 Henderson Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R6872
    Lot size
    0.48 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tracie Smith

    Listing agent Tracie Smith License #0652527

    Listing office eXp Realty LLC 5605 N MacArthur Blvd 10th flr, Austin, TX

    Listing date Aug 3, 2025

    MLS# 21021230 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

    Residential Lot in Groesbeck, TX

    Located at 725 Henderson Blvd in Groesbeck, TX, this 0.482-acre residential lot is situated in an established neighborhood. The property features mature trees along the back property line and access to utilities. This lot is suited for building a custom home or a weekend retreat, offering an opportunity to enjoy small-town living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Groesbeck
    County
    Limestone
    State
    Texas
    Longitude
    -96.514911
    Latitude
    31.519104

    Nearby Similar for Sale

    • $150,000

      Renovated Car Wash on Highway

      Turnkey, self-service car wash on high-traffic Highway 14.
      617 N Ellis, Groesbeck, TX 76642
      View Details
    • $1,490,000

      Unrestricted Land with Highway Frontage

      127-acre unrestricted land with dual highway and railroad frontage.
      0 Highway 14, Groesbeck, TX 76642
      View Details
    • $486,000

      Cleared Pasture Land with Pecans

      48.49 acres of pastureland near Fort Parker and lake.
      0000 LCR 454, Groesbeck, TX 76642
      View Details
    • $2,220,000

      Texas Ranch with Navasota River

      230-acre ranch featuring 1.5 miles of Navasota River frontage.
      0 LCR 412, Groesbeck, TX 76642
      View Details
    • $149,999

      15 Acres Ranchette in Groesbeck, TX

      15 acres ranchette near Groesbeck, Mexia, and Lake Limestone.
      FM 39, Groesbeck, TX 76642
      View Details
    • $550,000

      Lake Limestone Waterfront Land

      6.06 acres with water views and waterfront access.
      279 Pr 5749, Groesbeck, TX 76642
      View Details
    • $975,000
      2,128 SF

      Groesbeck Farm/Ranch with Saltwater Pool

      47-acre Groesbeck farm/ranch featuring a home and saltwater pool.
      218 LCR 793, Groesbeck, TX 76642
      View Details
    • $240,000

      Lake Limestone Recreational Land For Sale

      Unrestricted 1.28 acre property near Lake Limestone with improvements.
      186 Lcr 775, Groesbeck, TX 76642
      View Details
    • $199,500

      Lakefront Land with Utilities

      1.34 acres with utilities and lake access in Groesbeck.
      184 LCR 752A, Groesbeck, TX 76642
      View Details
    • $99,900

      2.5 Acre Fenced Land

      2.5 acres with utilities, slab, and outbuildings in Shiloh.
      2084 Lcr 456, Groesbeck, TX 76642
      View Details
    • $550,000

      55.76 Acres in Groesbeck, TX

      Versatile 55.76-acre property with ponds and convenient access.
      55.76 Acres Fm-3371, Groesbeck, TX 76642
      View Details
    • $39,500

      4-Acre Pasture in Groesbeck, TX

      Secluded 4-acre pasture perfect for livestock or private retreat.
      0000 N Grayson Street, Groesbeck, TX 76642
      View Details

    FAQs

    What type of property is this?
    Land - 0.482-acre residential lot ready for a custom home.
    Where is this land located?
    The property is located at 725 Henderson Boulevard Groesbeck, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large 0.482‑acre residential lot suitable for building a custom home.; Located in a quiet, established neighborhood.; Access to utilities is available.
    (888) 519-7431
    We can help!
    Listing Contact
    Tracie Smith
    Real Estate License ID: 0652527
    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!