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    1857 Franklin Rd Tom Bean, TX

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    For Sale
    Contact for pricing

    Land parcel with private access near Tom Bean High School.

    Lot size:
    20.77 Acres

    Property Features for 1857 Franklin Rd

    General Information

    Lot size
    20.77 Acres
    Source: Moodyscre

    Listing Agent: Ally Huynh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    20.77 AC Land Parcel

    This 20.77-acre land parcel is located on the northwest corner of Pennell Road and Franklin Road. It offers private access and is situated 10 minutes from Tom Bean High School, 20 minutes from Sherman, and 30 minutes from Melissa. The area features a strong average household income. Home sales along Franklin Road reached the $500,000s in 2023.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Tom Bean
    County
    Grayson
    State
    Texas
    Longitude
    -96.4876486
    Latitude
    33.509458

    Nearby Similar for Sale

    • $492,000
      0.15 Acres

      New Construction Duplex in Tom Bean

      Income-producing, fully tenant-occupied duplex with modern amenities in a quiet neighborhood.
      406 E Bonham St, Tom Bean, TX 75491
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel with private access near Tom Bean High School.
    Where is this land located?
    The property is located at 1857 Franklin Rd Tom Bean, TX.
    What are key features of this property?
    This property features: - 20.77 AC on NWC of Pennell Rd and Franklin Rd; - Strong average household income; - Home sales along Franklin Rd in $500,000's in 2023
    (737) 333-7892
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    Realmo Value Estimation

    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.

    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.

    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
    1857 Franklin Rd Tom Bean, TX
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