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

    46.86 Acres US-69 Bells, TX 75491

    View on Map
    For Sale
    Under Contract
    $2,343,000

    Unimproved Land - Bells, TX

    Type:Unimproved Land
    Lot size:
    46.86 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for 46.86 Acres US-69

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    265708
    Lot size
    46.86 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    James Tan

    Listing agent James Tan License #0432986

    Listing office Keller Williams Central 501 W President George Bush Hw, Richardson, TX

    Listing date Mar 19, 2026

    MLS# 21115489 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

    46.86 Acres on US-69

    This 46.86-acre parcel of unimproved land is located at the southeast corner of US 69 and Katy Rd in Bells, Texas. The property features approximately 1,995 linear feet of frontage on US 69 and 1,167 linear feet of frontage on Katy Rd. The land is currently in agriculture status, presenting an opportunity for a buy-and-hold strategy with potential for future commercial development. According to the MLS, the property is not located in a floodplain and is in zone X. The property consists of two parcels with Property ID numbers 265707 (3.7 Acres) and 265708 (43.16 Acres).
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bells
    County
    Grayson
    State
    Texas
    Longitude
    -96.4699
    Latitude
    33.5223

    Nearby Similar for Sale

    • $378,532

      6.3-Acre Commercial Lot in Bells, TX

      Unimproved 6.3-acre commercial lot with highway frontage in Bells, TX.
      2507 Us-82, Bells, TX 75414
      View Details
    • $215,000

      Self-Storage Facility in Bells, Texas

      Self-storage facility with value-add potential in Bells, Texas.
      104 S Commercial Street, Bells, TX 75414
      View Details
    • $450,000

      18 Acres in Bells, TX

      Unimproved 18-acre tract near Sherman with utilities available.
      4292 State Highway 56, Bells, TX 75414
      View Details
    • $445,000

      Bells, TX Unimproved Land

      18.861 acres near Sherman, TX, ideal for homesite.
      6484 State Highway 56, Bells, TX 75414
      View Details
    • $305,000

      Bells, TX Unimproved 13-Acre Tract

      13 acres of flat, build-ready land in Bells, TX.
      1220 Sears Road, Bells, TX 75414
      View Details
    • $245,000

      7.984 Acres of Unimproved Land

      7.984-acre tract in Bells, Texas, ideal for homesite or recreation.
      Tbd E Bells Boulevard, Bells, TX 75414
      View Details
    • $140,000

      Land with Highway Frontage

      Acreage in city limits with paid sewer tap.
      Apn 442076 W Bells Boulevard, Bells, TX 75414
      View Details
    • $139,000

      Spacious Land in Bells, Texas

      Over 3 acres to build your dream home!
      0 W Vernon Street, Bells, TX 75414
      View Details
    • $1,800,000

      Prime Acreage in Bells, TX

      60.57 acres in the path of North Texas growth.
      0000 Crews Road, Bells, TX 75414
      View Details
    • $90,000

      Cleared Lot in Bells, TX

      Oversized lot in desirable school district with utilities in place.
      212 S Wilson Street, Bells, TX 75414
      View Details
    • $190,000

      Bells, TX Land with Utilities

      2+ acre lot with utilities and unfinished bardaminium.
      828 W Mcfarland Street, Bells, TX 75414
      View Details
    • $69,000

      Cleared Lot in Bells, TX

      Cleared lot in Bells, TX, near Roger Sanders Park.
      000 S Jernigan Street, Bells, TX 75414
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land with highway frontage in Bells, Texas.
    Where is this land located?
    The property is located at 46.86 Acres US-69 Bells, TX.
    What is the asking price?
    The asking price for this property is $2,343,000.
    What are key features of this property?
    This property features: 46.86 Acres suitable for future commercial development.; Located on the southeast corner of US 69 and Katy Rd.; Approximately 1,995 linear feet of US 69 highway frontage.
    (469) 467-7755
    We can help!
    Listing Contact
    James Tan
    Real Estate License ID: 0432986
    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!