Sign Up Successful!
You now have access to more from Realmo!
    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

    965 Kerfoot Rd Gunter, TX 75058

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,360,000

    40 acres at Kerfoot & Pike Rd, Gunter, TX

    Lot size:
    40.00 Acres

    Property Features for 965 Kerfoot Rd

    General Information

    Lot size
    40.00 Acres

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Coryann Johnson
    Source: Elliman

    Listing Agency: Texas Homes and Land Listing Agent: Coryann Johnson

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

    Learn more

    Overview

    Prime 40-Acre Development Opportunity

    This 40-acre property is located at the northwest corner of Kerfoot Road and Pike Road. It features paved road frontage on two sides, providing flexible access and visibility. The location offers significant growth potential and is suitable for residential neighborhoods, commercial ventures, or mixed-use developments, pending necessary approvals. Nearby utilities enhance its versatility. The open land provides ample space for planning and future improvements in the growing North Texas corridor. This property is suitable for developers and investors looking for acreage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gunter
    County
    Grayson
    State
    Texas
    Longitude
    -96.7305
    Latitude
    33.4427

    Nearby Similar for Sale

    • $7,200,000
      1,788 SF

      Gunter, TX Industrial Investment Opportunity

      10 acre industrial property with NNN lease and royalty income.
      873 B Wall St, Gunter, TX 75058
      View Details
    • $1,995,000
      1,745 SF

      Ag-Exempt Ranch with Custom Farmhouse

      12-acre ag-exempt ranch featuring a custom farmhouse and numerous amenities.
      2196 Bledsoe Rd, Gunter, TX 75058
      View Details
    • $480,000
      2,554 SF

      Gunter Duplex: Investment Opportunity

      2021 duplex in Gunter, TX, ideal for investment or owner-occupancy.
      516-518 Wood Dr, Gunter, TX 75058
      View Details
    • $1,200,000
      2.00 Acres

      Gunter, TX Mixed-Use Barndominium

      Commercial and residential property with flexibility, income potential, and high-quality construction.
      1404 Mcconnell Rd, Gunter, TX 75058
      View Details
    • $480,000
      0.28 Acres

      Gunter TX Duplex Investment

      2021 duplex near downtown Gunter, TX. Great investment opportunity.
      522-524 Wood Dr, Gunter, TX 75058
      View Details
    • New
      $499,900
      0.27 Acres

      Gunter Duplex: Investment Opportunity

      2018 duplex in Gunter, TX, move-in ready with strong cashflow.
      614 N 6Th St, Gunter, TX 75058
      View Details

    FAQs

    What type of property is this?
    Land - 40 acres at Kerfoot & Pike Rd, Gunter, TX
    Where is this land located?
    The property is located at 965 Kerfoot Rd Gunter, TX.
    What is the asking price?
    The asking price for this property is $6,360,000.
    What are key features of this property?
    This property features: - Prime 40-acre property in the thriving North Texas corridor.; - Excellent location at the northwest corner of Kerfoot Road and Pike Road.; - Paved road frontage on two sides, providing easy access and high visibility.
    Request Owner's contact information
    965 Kerfoot Rd Gunter, TX 75058
    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.
    965 Kerfoot Rd
    Gunter, TX 75058
    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
    965 Kerfoot Rd Gunter, TX 75058
    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

    We can help!
    Listing Contact
    Coryann Johnson
    Learn more
    Google sign-in failed. Please try again or use another login method.