Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Honey Grove Land with Mature Trees Title is generated by Realmo AI

    37.50 Acres FARM ROAD 38, Honey Grove, TX 75446

    View on Map
    Claim this Listing
    For Sale
    $468,750

    Unimproved Land - Honey Grove, TX

    Type:Unimproved Land
    Lot size:
    37.50 Acres
    Added:
    Apr 5, 2026
    Days on Market:
    57
    Last Refresh:
    May 31 at 7:06 pm

    Property Features for 37.50 Acres FARM ROAD 38

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    90338
    Lot size
    37.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Shem Moruri

    Listing agent Shem Moruri License #0773376

    Listing office EXP REALTY 5605 N MacArthur Blvd., Austin, TX

    Listing date Apr 5, 2026

    MLS# 21124306 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.

    HighLights

    • 37.5 Acres of land with mature Oak and Cedar trees, offering privacy and natural beauty
    • Close proximity to Hwy 82, Lake Bois D'Arc, and the upcoming Lake Ralph Hall development
    • Suitable for building a home, recreation, or a working farm
    • Partially fenced property
    • Rolling terrain with picturesque views
    • Excellent natural elevation

    Overview

    This 37.50-acre property is characterized by majestic Oak and Cedar trees, offering privacy and views of Texas natural beauty. The tract is partially fenced and features large majestic Oak and Cedar trees, creating a setting suitable for a secluded country home, recreational retreat, or working farm. Located less than a mile from Hwy 82, the property is in close proximity to Lake Bois D'Arc Lake and the upcoming Lake Ralph Hall development. The land features rolling terrain, mature shade trees, and multiple picturesque views overlooking the large point, with excellent natural elevation. Potential uses include building a dream home, running cattle or horses, weekend recreation, or investment in a rapidly growing area near major North Texas lakes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Honey Grove
    County
    Fannin
    State
    Texas
    Longitude
    -95.9128
    Latitude
    33.6219

    Nearby Similar for Sale

    • $650,000

      Versatile Event Venue Opportunity

      Impressive event venue with potential for diverse business ventures.
      151 S 5th Street, Honey Grove, TX 75446
      View Details
    • $500,000

      Historical Buildings in Honey Grove, TX

      Two historical buildings with retail and warehouse space for sale.
      104 E Main Street, Honey Grove, TX 75446
      View Details
    • $875,000
      3,694 SF

      Ranch with Barndominium Style Residence

      53+ acre ranch featuring a barndominium-style home.
      2000 COUNTY ROAD 2420, Honey Grove, TX 75446
      View Details
    • $389,500
      1,400 SF

      Honey Grove Farm/Estate For Sale

      14.5-acre farm with home, ponds, and outbuildings in Honey Grove.
      4411 FM 100, Honey Grove, TX 75446
      View Details
    • $210,000

      Highway Frontage Commercial Property

      Commercial property with highway frontage, ideal for revitalization.
      1502 W Main St Street, Honey Grove, TX 75446
      View Details
    • $319,900

      Recreational Land Near Bois d’Arc Lake

      4.5 acre recreational property near Bois d’Arc Lake.
      994 CR 2770, Honey Grove, TX 75446
      View Details
    • $33,000

      Residential Lot in Honey Grove

      0.25-acre corner lot ready for your dream home.
      901 S 13th, Honey Grove, TX 75446
      View Details
    • $1,200,000
      2,067 SF

      North Texas Country Living Property

      25+ acre property with home, pond, and shop.
      17311 E Us-82, Honey Grove, TX 75446
      View Details
    • $460,000

      Victorian Home with Investment Potential

      Three dwellings on a corner lot in Honey Grove, Texas.
      303 Market W Street W, Honey Grove, TX 75446
      View Details
    • $304,900

      Honey Grove Land Near Lakes

      16+ acres near Lake Ralph Hall and Bois D' Arc.
      000 Fm-824, Honey Grove, TX 75446
      View Details
    • $4,661,200

      Lakefront Land Opportunity in Texas

      116.53 acres with future lake frontage near Honey Grove.
      0000 Hwy 34, Honey Grove, TX 75446
      View Details
    • $599,900

      76.86 Acres in Honey Grove

      Versatile land ideal for livestock, recreation, or homesite.
      000 CR 36010, Honey Grove, TX 75446
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 37.5 acre Texas countryside property near major North Texas lakes.
    Where is this agricultural land / farmland located?
    The property is located at 37.50 Acres FARM ROAD 38 Honey Grove, TX.
    What is the asking price?
    The asking price for this property is $468,750.
    What are key features of this property?
    This property features: 37.5 Acres of land with mature Oak and Cedar trees, offering privacy and natural beauty; Close proximity to Hwy 82, Lake Bois D'Arc, and the upcoming Lake Ralph Hall development; Suitable for building a home, recreation, or a working farm
    (888) 519-7431
    We can help!
    Listing Contact
    Shem Moruri
    Real Estate License ID: 0773376
    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

    Thank You for Inquiry
    37.50 Acres FARM ROAD 38, Honey Grove, TX 75446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!