Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    60 Acres Near Highway 82 Title is generated by Realmo AI

    1506 Rodgers Road, Whitesboro, TX 75092

    View on Map
    Claim this Listing
    For Sale
    $1,875,000

    LAND - Whitesboro, TX

    Lot size:
    60.51 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    86
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 1506 Rodgers Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    119454
    Lot size
    60.51 Acres

    Taxes and HOA fees

    Tax Description
    G-0477 GRAHAM T W A-G0477, ACRES 60.507
    Tax Annual Amount
    40

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    CHANCE KIRBY
    CHANCE KIRBY

    Listing agent CHANCE KIRBY License #0422944

    Listing office IRICK REAL ESTATE Pilot Point, TX

    Listing date Mar 10, 2026

    MLS# 21203690 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

    • 60 acre tract of land - offers significant space and potential
    • Utilities on‑site (electricity and water well) - reduces initial development costs and provides immediate access to essential services
    • Convenient location - just one mile south of Highway 82 and 22 minutes from Sherman
    • Paved road frontage - ensures easy access and enhances property value
    • Coop water available - provides a reliable alternative water source
    • Versatile land use - suitable for cattle, building a home, or investment

    Overview

    This 60.507-acre tract is located one mile south of Highway 82, approximately 22 minutes from Sherman. The land fronts a paved road and has utilities on-site, including electricity and a water well. Coop water is also available. The property is suitable for running cattle, building a home, or holding as an investment.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.8575634
    Latitude
    33.6593613

    Nearby Similar for Sale

    • $1,200,000
      8,000 SF

      Industrial Property with Two Buildings

      Two-buildings industrial site with roll-up and slider doors plus gravel surface for heavy truck use and flexible operations.
      23350 US Highway 377, Whitesboro, TX 76273
      View Details
    • $5,400,000
      21,883 SF

      Whitesboro Warehouse and Office Space

      14.58 acres with warehouse and office improvements for sale.
      19710 US Highway 377, Whitesboro, TX 76273
      View Details
    • $1,850,000
      3,105 SF

      Equestrian Ranch with Covered Arena

      20-acre equestrian paradise featuring a show barn and covered arena.
      326 Turkey Farm Road, Whitesboro, TX 76273
      View Details
    • $1,875,000
      2,811 SF

      Whitesboro Farm and Ranch Retreat

      Remodeled home on 25 acres with equestrian potential.
      11362 E Highway 82, Whitesboro, TX 76273
      View Details
    • $8,200,000
      6,000 SF

      World-Class Equestrian Facility on 132 Acres

      Premier Texas equestrian estate with unparalleled amenities and revenue potential.
      1257 County Road 132, Whitesboro, TX 76273
      View Details
    • $799,000
      1,904 SF

      Equestrian Property Near Whitesboro, Texas

      Horse property with modern home, barn, and ample space.
      27403 State Highway 56, Whitesboro, TX 76273
      View Details
    • $1,799,999
      4,490 SF

      Equine Paradise with Two Brick Homes

      23-acre equine paradise featuring two identical brick homes.
      789 Stiles Road, Whitesboro, TX 76273
      View Details
    • $3,750,000
      3,118 SF

      Custom Ranch Estate with Equestrian Facilities

      Luxurious ranch estate with main home, guest house, equestrian facilities.
      1371 County Road 130, Whitesboro, TX 76273
      View Details
    • $779,000
      1,440 SF

      Modernized Barndominium on 12.97 Acres

      Turn-key 2 bed, 2 bath barndo with workshop.
      1630 County Road 140, Whitesboro, TX 76273
      View Details
    • $2,250,000
      2,524 SF

      Premier Equestrian Estate and Breeding Center

      Turnkey equestrian estate with high-capacity boarding and elite breeding operations.
      1030 Roland Road, Whitesboro, TX 76273
      View Details
    • $1,299,000
      9,580 SF

      Automotive Service and Storage Property

      High-visibility automotive and heavy-service site with strong semi-truck traffic and space for storage, parking, and operations.
      59 Shawnee Trail, Whitesboro, TX 76273
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 60-acre tract near Highway 82 with utilities in place.
    Where is this agricultural land / farmland located?
    The property is located at 1506 Rodgers Road Whitesboro, TX.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: 60 acre tract of land - offers significant space and potential; Utilities on‑site (electricity and water well) - reduces initial development costs and provides immediate access to essential services; Convenient location - just one mile south of Highway 82 and 22 minutes from Sherman
    (940) 686-5233
    We can help!
    Listing Contact
    CHANCE KIRBY
    CHANCE KIRBY
    Real Estate License ID: 0422944
    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
    1506 Rodgers Road, Whitesboro, TX 75092
    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!