Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Available in Whitewright, Texas Title is generated by Realmo AI

    14143 FM697, Whitewright, TX 75491

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Approximately 63.23 acres available near FM-697 & Bryant Rd.

    Type:Land
    Lot size:
    63.23 Acres
    Added:
    Apr 11, 2024
    Days on Market:
    767
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 14143 FM697

    General Information

    Standard status
    Active
    Lot size
    63.23 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chris Janowski
    Chris Janowski

    Listing agent Chris Janowski License #TX 744350

    Listing office Duwest Investment Services

    Listing date Apr 11, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Duwest Investment Services

    HighLights

    • ± 63.23 Acres Available
    • Located within the City of Whitewright’s Water and Sewer CCN
    • Less than 30 minutes from Texas Instrument’s expansion with a new $30 Billion Chip Plant
    • Located at the southeast corner of FM‑697 & Bryant Rd
    • In the ETJ of Whitewright, Texas
    • Call for Info & Price

    Overview

    The property consists of approximately 63.23 acres of land. It is located at the southeast corner of FM-697 and Bryant Rd, situated within the extraterritorial jurisdiction (ETJ) of Whitewright, Texas. The land is located within the City of Whitewright’s Water and Sewer Certificate of Convenience and Necessity (CCN). The location is less than 30 minutes from the Texas Instrument’s expansion, which includes a new $30 billion chip plant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitewright
    County
    Grayson
    State
    Texas
    Longitude
    -96.4155079
    Latitude
    33.5269697

    Nearby Similar for Sale

    • $690,000

      Established Car Wash on Highway

      High-visibility car wash with income-generating potential in growing North Texas.
      1859 Beasley Boulevard, Whitewright, TX 75491
      View Details
    • $525,000

      Restaurant in Downtown Whitewright

      2500 SF restaurant in a historic downtown location.
      112 W Grand Street, Whitewright, TX 75491
      View Details
    • $675,000

      Fully Occupied Whitewright Apartment Building

      8-unit apartment building with long-term tenants and individual metering.
      105 W Pine Street, Whitewright, TX 75491
      View Details
    • $999,000

      Highway Frontage Land Near Melissa

      Almost 15 acres suitable for residential or commercial development.
      002 HWY 160, Whitewright, TX 75491
      View Details
    • $184,500

      Downtown Whitewright Office Building

      Updated office building in downtown Whitewright ready for new owner.
      116 W Grand Street, Whitewright, TX 75491
      View Details
    • $399,000

      Whitewright Land with Utilities

      14.189 acres ready for redevelopment with existing utilities.
      864 County Road 4425, Whitewright, TX 75491
      View Details
    • $124,900

      5-Acre Residential Tract Ready

      Cleared homesite in Grayson County with highway frontage.
      1080 State Highway 160, Whitewright, TX 75491
      View Details
    • $389,900

      Downtown Whitewright Commercial Building For Sale

      Commercial building in the heart of Downtown Whitewright on .57-acre lot.
      228 W Grand Street, Whitewright, TX 75491
      View Details
    • $389,900
      8,400 SF

      Downtown Whitewright Commercial Building

      Commercial building in the heart of Downtown Whitewright.
      228 W Grand Street, Whitewright, TX 75491
      View Details
    • $450,000

      15 Acres of Versatile Land

      15-acre tract suitable for homesite, recreation, or investment.
      757 Reynolds Road, Whitewright, TX 75491
      View Details
    • $399,000

      Expansive Vacant Land in Whitewright

      11.5-acre vacant property ideal for building a dream home.
      2023 Joe Davis Road, Whitewright, TX 75491
      View Details
    • $750,900

      Renovated Building in Whitewright, TX

      Renovated building suitable for various uses, including multi-family and healthcare.
      400 S Bond Street, Whitewright, TX 75491
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 63.23 acres available near FM-697 & Bryant Rd.
    Where is this land located?
    The property is located at 14143 FM697 Whitewright, TX.
    What are key features of this property?
    This property features: ± 63.23 Acres Available; Located within the City of Whitewright’s Water and Sewer CCN; Less than 30 minutes from Texas Instrument’s expansion with a new $30 Billion Chip Plant
    (214) 720-0004 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Janowski
    Chris Janowski
    Real Estate License ID: TX 744350
    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
    14143 FM697, Whitewright, TX 75491
    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!