Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    2.5 Acres Unimproved Land Title is generated by Realmo AI

    tbd 2 Gray Bottom Road, Whitewright, TX 75491

    View on Map
    Claim this Listing
    For Sale
    $150,000

    LAND - Whitewright, TX

    Lot size:
    2.52 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    109
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for tbd 2 Gray Bottom Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    454580
    Lot size
    2.52 Acres

    Taxes and HOA fees

    Tax Description
    GRAY BOTTOM ADDITION, LOT 7, ACRES 2.515
    Tax Annual Amount
    702

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Jeff Dowden
    Jeff Dowden

    Listing agent Jeff Dowden License #0663053

    Listing office Real Broker, LLC Houston, TX

    Listing date Feb 16, 2026

    MLS# 21181449 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

    • Large 2.515‑acre tract of land.
    • Minimal restrictions offer building flexibility.
    • Suitable for custom home, barndo, or investment.
    • Peaceful country surroundings.
    • Convenient access to nearby towns.
    • Located in Whitewright, Texas, near North Texas growth.

    Overview

    This 2.515-acre tract of unimproved land is located on Gray Bottom in Whitewright, Texas. The property offers flexibility for various development options, including a custom home, barndo, or investment property, due to minimal restrictions. The location provides a peaceful country setting with convenient access to nearby towns and the growing North Texas region. The property is located in Grayson County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Whitewright
    County
    Grayson
    State
    Texas
    Longitude
    -96.468053
    Latitude
    33.53535

    Nearby Similar for Sale

    • $690,000

      Touchless and Self-Serve Car Wash

      Four-bay wash with vacuum stations and a leased ice-water vending add-on, backed by strong highway visibility and access.
      1859 Beasley Boulevard, Whitewright, TX 75491
      View Details
    • $525,000

      Downtown Restaurant Building

      Historic brick restaurant building with full kitchen, bar, and seating space in downtown Whitewright.
      112 W Grand Street, Whitewright, TX 75491
      View Details
    • $389,900

      Remodeled Multi-Use Office Building

      Fully remodeled in 2021 and currently leased through 2026, offering flexible interior areas with ample paved parking.
      228 W Grand Street, Whitewright, TX 75491
      View Details
    • $184,500

      Brick Office Building with 15-Foot Ceilings

      Updated brick office building offering multiple private offices, break room, and convenient back-alley loading and parking.
      116 W Grand Street, Whitewright, TX 75491
      View Details
    • $999,000

      Land Tract with Highway 160 Frontage

      Nearly 15 acres of level, open land with Highway 160 frontage and a natural creek buffer for flexible development.
      002 HWY 160, Whitewright, TX 75491
      View Details
    • $999,900

      Multi-Use Land Tract with Scattered Trees

      Versatile acreage in Fannin County with open land, gentle terrain, and scattered trees for development or investment uses.
      Fm 151, Whitewright, TX 75491
      View Details
    • $1,399,000

      Ag-Exempt Lakefront Acreage

      Ag-exempt lakefront property with mature trees, highway frontage, and on-site water features for ranch-style development or investment.
      Hwy 160, Whitewright, TX 75490
      View Details
    • $244,900

      Rural Pasture Tract with Road Frontage

      A partially fenced pasture tract with mature tree lines and paved road frontage, suited for a homesite or investment.
      022 E LINE, Whitewright, TX 75491
      View Details
    • $4,570,000

      Prime Investment Ranchland

      Income-producing ranchland with farmable acreage, pasture, rented homes, and a tenant-operated shop.
      10948 Fm 898, Whitewright, TX 75491
      View Details
    • $244,900

      Agricultural Land with Road Frontage

      Open pasture with scattered tree lines, partially fenced, and paved county road frontage outside city limits.
      011 E LINE, Whitewright, TX 75491
      View Details
    • $3,900,000

      Wedding and Event Chapel Ranch Estate

      Gated ranch with a 4,000 SF event chapel, guest accommodations, and recreational features on fenced acreage.
      1922 Bethel Cannon Road, Whitewright, TX 75491
      View Details

    FAQs

    What type of property is this?
    Land - 2.5-acre tract in Whitewright, TX, ideal for custom development.
    Where is this land located?
    The property is located at tbd 2 Gray Bottom Road Whitewright, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Large 2.515‑acre tract of land.; Minimal restrictions offer building flexibility.; Suitable for custom home, barndo, or investment.
    (850) 450-0442
    We can help!
    Listing Contact
    Jeff Dowden
    Jeff Dowden
    Real Estate License ID: 0663053
    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
    tbd 2 Gray Bottom Road, 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!