Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Glen Rose Development Opportunity Title is generated by Realmo AI

    103 S Fm 56, Glen Rose, TX 76043

    View on Map
    Claim this Listing
    New
    For Sale
    $350,000

    LAND - Glen Rose, TX

    Lot size:
    15.39 Acres
    Added:
    May 28, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 103 S Fm 56

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    03838
    Lot size
    15.39 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 14.700 TRACT: 18 ABST: A41 A41 J A HER
    Tax Annual Amount
    61

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Jill Fochesato
    Jill Fochesato

    Listing agent Jill Fochesato License #0705722

    Listing office CENTURY 21 Judge Fite Granbury, TX

    Listing date May 28, 2026

    MLS# 21201003

    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

    • Prime 15.39‑acre development opportunity with excellent highway frontage and visibility.
    • Located minutes from the historic Glen Rose square in a high‑growth tourism destination.
    • Multiple potential building sites suitable for commercial or mixed‑use development.
    • Flexibility for various uses: retail, hospitality, RV park, residential, event venue, etc.
    • Convenient access to Highway 144, FM 56, and major North Texas travel corridors.
    • Rolling terrain with mature trees.

    Overview

    This 15.39-acre property is located at 103 S FM 56 in Glen Rose. The site offers highway frontage and visibility, situated minutes from the historic Glen Rose square. The land features rolling terrain with mature trees and multiple potential building sites. Portions of the land are located within Glen Rose city limits. Convenient access to Highway 144, FM 56, and major North Texas travel corridors places this property within easy reach of the DFW Metroplex. The location benefits from local traffic flow and tourism activity. The property is suitable for a variety of commercial or mixed-use development opportunities, including retail, hospitality, RV park, mixed-use development, residential subdivision, event venue, or recreational destination property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    Glen Rose
    County
    Somervell
    State
    Texas
    Longitude
    -97.75084
    Latitude
    32.224653

    Nearby Similar for Sale

    • $229,000
      3,000 SF

      General Commercial Office Building

      Versatile former veterinary clinic in a B-2 general commercial setting with ample parking for customer and staff access.
      1401 NE Barnard Street, Glen Rose, TX 76043
      View Details
    • $690,000

      Versatile Commercial Flex Warehouse

      Well-suited for commercial operators needing flexible space and large-truck delivery capability with substantial frontage visibility.
      1409 Barnard Street, Glen Rose, TX 76043
      View Details
    • $475,000

      Highway 67 Commercial Opportunity

      Prime commercial property with high visibility and endless potential.
      801 Big Bend Trail, Glen Rose, TX 76043
      View Details
    • $824,900
      1,200 SF

      Texas Homestead with Panoramic Views

      22.5-acre Ag-Exempt property near Glen Rose with stunning views.
      3318 CR 302, Glen Rose, TX 76048
      View Details
    • $1,100,000

      Glen Rose Hotel and Cottages

      Unique property near historic square, ideal for boutique hotel.
      301 NE Barnard Street, Glen Rose, TX 76043
      View Details
    • $850,000

      Self-Storage Facility Investment

      Well-located storage property with multiple buildings and varied unit sizes for diversified tenant demand.
      2699 Fm 56, Glen Rose, TX 76043
      View Details
    • $250,000

      Brick Corner Retail Building

      Corner retail building with an adaptable interior, updated roof and plumbing, and B3 zoning near downtown activity.
      112 Barnard Street, Glen Rose, TX 76043
      View Details
    • $425,000

      Glen Rose Restaurant Opportunity

      Landmark restaurant location with outdoor area and expansion potential.
      212 NE Barnard Street, Glen Rose, TX 76043
      View Details
    • $1,095,000

      Mixed-Use Riverfront Center

      Well-established mixed-use center with scenic Paluxy River views and both commercial and residential income streams.
      200 E Elm Street, Glen Rose, TX 76043
      View Details
    • $750,000

      Commercial Land with Highway Frontage

      3+ acres with substantial Hwy 144 frontage and utilities nearby, positioned for a future convenience retail and fuel use.
      Hwy 144 and 3rd Street, Glen Rose, TX 76043
      View Details

    FAQs

    What type of property is this?
    Commercial land - 15.39 acres of land with highway frontage.
    Where is this commercial land located?
    The property is located at 103 S Fm 56 Glen Rose, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime 15.39‑acre development opportunity with excellent highway frontage and visibility.; Located minutes from the historic Glen Rose square in a high‑growth tourism destination.; Multiple potential building sites suitable for commercial or mixed‑use development.
    (469) 855-6862
    We can help!
    Listing Contact
    Jill Fochesato
    Jill Fochesato
    Real Estate License ID: 0705722
    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

    Thank You for Inquiry
    103 S Fm 56, Glen Rose, TX 76043
    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!