Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Home Lot Title is generated by Realmo AI

    1709 Cathey Drive, Denison, TX 75020

    View on Map
    Claim this Listing
    For Sale
    $65,000

    LAND - Denison, TX

    Lot size:
    0.21 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 1709 Cathey Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    436410
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Description
    SIMS COUCH FOURTH ADDITION, BLOCK 1, LOT 1, A
    Tax Annual Amount
    529

    We can help!

    Listing Contact
    Lisa Hitchcock
    Lisa Hitchcock

    Listing agent Lisa Hitchcock License #0611932

    Listing office Easy Life Realty Sherman, TX

    Listing date Feb 27, 2026

    MLS# 21188212 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

    • .2140‑acre residential lot at 1709 Cathey Drive, Denison, TX
    • Opportunity to build a custom home with space for an outdoor living area and landscaping
    • Utilities available nearby (buyer to verify)
    • Minutes from Lake Texoma for boating, fishing, and outdoor recreation
    • Short drive to Downtown Denison with boutiques, local dining, historic character, and year‑round community events

    Overview

    This is a residential lot in Denison offering the flexibility to design and build a custom home to fit your lifestyle. The property provides space for both indoor living and outdoor areas, with room to plan for landscaping and day-to-day comfort. If you’re looking to develop now or hold for the future, this homesite supports a wide range of residential plans, subject to applicable approvals and requirements. Utilities are available nearby, and the buyer should verify service availability.

    The lot is located at 1709 Cathey Drive in Grayson County. Denison is known for its convenient living, and the location is described as just minutes from Lake Texoma for boating, fishing, and outdoor recreation. Downtown Denison is also a short drive away, offering dining, boutiques, historic character, and year-round community events.

    For prospective owners, this property is well suited for a primary residence or a long-term investment tied to a growing Texoma market. Builders and families seeking a convenient, residential setting can consider it as a starting point for customizing a home and site layout. As with any land purchase, buyers should confirm utilities and development requirements during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Dental Office Skin Care Clinic Kitchen & Bath Showroom Garden Center Electrical Service Travel Agency Plumbing Service Pet Store Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.599757
    Latitude
    33.740596

    Nearby Similar for Sale

    • $2,203,600
      15,000 SF

      Light Industrial Warehouse with Storefront

      Light industrial property with a new TPO roof, a new storefront or office, and a flexible storage yard for operational growth.
      613 S Armstrong Avenue, Denison, TX 75020
      View Details
    • $675,000
      10,850 SF

      Retail Building with Open-Span Space

      Large open-span retail building on a half-acre along a main access road near Historic Downtown Denison.
      3000 & 3006 S Woodlawn Boulevard, Denison, TX 75020
      View Details
    • $650,000
      4,428 SF

      Versatile Office Building with Yard

      Vacant neighborhood daycare building with multiple open areas, three bathrooms, and an expansive fenced yard.
      1500 W Crawford Street, Denison, TX 75020
      View Details
    • $699,000
      3,706 SF

      Renovated Creative Office Compound

      Completely renovated 1920s home with carriage house, suited for creative tenants and outdoor events in Denison.
      500 W Woodard Street, Denison, TX 75020
      View Details
    • $499,900
      2,432 SF

      Drive-Through Restaurant with Corner Exposure

      Turnkey restaurant with drive-through window, rock-clad exterior, and strong visibility on Morton St. and Juanita Drive.
      1901 W Morton Street, Denison, TX 75020
      View Details
    • $2,700,000
      36,000 SF

      Historic Office Building with Elevator

      Four-story historic building with move-in ready offices, elevator service, and restored restrooms across every floor.
      531 W Main Street, Denison, TX 75020
      View Details
    • $550,000

      Industrial Office Building with Parking

      Flexible office and open areas on a partially restored industrial site, supported by 45–50 parking spaces.
      307 W Coffin Street, Denison, TX 75020
      View Details
    • $699,000

      Corner-Lot Brick Retail Building

      Fully occupied corner building with eight retail units and recent HVAC, ductwork, and roof upgrades.
      431 W Main Street, Denison, TX 75020
      View Details
    • $449,900

      Drive-Through Restaurant Building

      Renovated restaurant building with functional drive-through, dining space, and extensive cooking and prep areas.
      2400 Woodlawn Boulevard, Denison, TX 75020
      View Details
    • $525,000

      Downtown Office Building with Parking

      Corner-exposed office layout with open flex space, private offices, conference room, and dedicated parking for clients and staff.
      121 S Austin Avenue, Denison, TX 75020
      View Details
    • $849,000

      Historic Three-Story Building

      Built in 1801, this historic three-story structure offers a rare restoration and investment opportunity in downtown Denison.
      1100 S Austin Avenue, Denison, TX 75020
      View Details
    • $399,000
      1,400 SF

      Retail Development Site with Flexible Shell

      Hard-corner retail land with an adaptable interior shell, positioned for high visibility along a major downtown avenue.
      212 N Austin Avenue, Denison, TX 75020
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build a custom home on a convenient Denison homesite with utilities available nearby and outdoor recreation nearby.
    Where is this residential land & home lot located?
    The property is located at 1709 Cathey Drive Denison, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: .2140‑acre residential lot at 1709 Cathey Drive, Denison, TX; Opportunity to build a custom home with space for an outdoor living area and landscaping; Utilities available nearby (buyer to verify)
    (903) 224-5171
    We can help!
    Listing Contact
    Lisa Hitchcock
    Lisa Hitchcock
    Real Estate License ID: 0611932
    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
    1709 Cathey Drive, Denison, TX 75020
    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!