Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Oglesby, TX Land For Sale Title is generated by Realmo AI

    229 Grand Canyon Drive, Oglesby, TX 76561

    View on Map
    Claim this Listing
    New
    For Sale
    $175,000

    Unimproved Land - Oglesby, TX

    Type:Unimproved Land
    Lot size:
    5.00 Acres
    Added:
    May 19, 2026
    Days on Market:
    2
    Last Refresh:
    May 20 at 6:06 pm

    Property Features for 229 Grand Canyon Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    157285
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Expense value
    912
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Renee Wilson

    Listing agent Renee Wilson License #671628

    Listing office Keeping It Realty 1111 N. General Bruce Dr., Temple, TX

    Listing date May 19, 2026

    MLS# 21271441 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

    • Breathtaking panoramic views with stunning sunrise and sunset scenery.
    • Hilltop acreage ideal for building a dream exurban home.
    • Peaceful country living with rolling hills, fresh air, and cooler temperatures.
    • Elevated terrain with no known flood concerns.
    • Ideal for primary residence, vacation retreat, retirement property, or investment.
    • Conveniently located approximately 2 hours from downtown Dallas.

    Overview

    This 5.004-acre property in Oglesby, TX, presents an opportunity to build a home in an exurban setting. The hilltop acreage features panoramic views, with sunrise and sunset scenery and treeline vistas. The elevated terrain provides added peace of mind with no known flood concerns. It is suited for a primary residence, vacation retreat, retirement property, or investment. The property is located approximately 2 hours from downtown Dallas.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Oglesby
    County
    Coryell
    State
    Texas
    Longitude
    -97.5706
    Latitude
    31.4557

    Nearby Similar for Sale

    • $490,000
      1,260 SF

      Texas Land with Barndominium

      6+ acre Texas land with versatile barndominium and scenic views.
      1155 County Road 304, Out of Area, TX 76561
      View Details
    • $100,000

      8.96 Acres in Gated Community

      Unimproved land in Twin Caverns Ranch, Oglesby, Texas.
      213 Grand Canyon Dr Drive, Oglesby, TX 76561
      View Details
    • $119,900

      Land in Gated Oglesby Community

      5-acre land parcel in gated community near Waco and Austin.
      277 Grand Canyon Drive, Oglesby, TX 76561
      View Details
    • $140,000

      Oglesby Ranch in Twin Caverns

      Five-acre ranch in Oglesby, TX, ideal for custom homesite.
      55 Twin Caverns, Oglesby, TX 75651
      View Details
    • $89,900

      Oglesby, TX Land Opportunity

      4.999 acre tract near Clear Branch Creek.
      118 Guadalupe Drive lot: 41, Oglesby, TX 76561
      View Details
    • $120,000

      5.688 Acres in Twin Caverns

      Homesite in gated community near Waco and Temple.
      366 Yellowstone Drive, Oglesby, TX 76561
      View Details
    • $120,000

      5.688 Acres in Twin Caverns

      Usable land with space, privacy, and flexibility near Waco.
      374 Yellowstone Drive, Oglesby, TX 76561
      View Details
    • $125,000

      Land for Homesteading or Development

      5-acre vacant land ideal for homesteading, agriculture, or recreation.
      205 Grand Canyon Drive, Oglesby, TX 76561
      View Details
    • $117,500

      5.5 Acres Homesite in Oglesby

      5.5-acre homesite in gated community near Waco and Temple.
      254 Guadalupe Drive, Oglesby, TX 76561
      View Details
    • $145,000

      Oglesby, TX - 5 Acre Land

      5 acre lot in gated community ready for new home.
      254 Yellowstone Drive, Oglesby, TX 76561
      View Details
    • $490,000
      1,260 SF

      Oglesby Acreage with Barndominium

      6+ acre Texas tract with barndominium and scenic views.
      1155 County Road 304, Oglesby, TX 76561
      View Details
    • $164,900

      Land for Exurban Home

      5 acres of land ideal for building your dream home.
      Tbd Yosemite Drive, Oglesby, TX 76561
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5-acre lot with panoramic views near Oglesby, Texas.
    Where is this residential land & home lot located?
    The property is located at 229 Grand Canyon Drive Oglesby, TX.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Breathtaking panoramic views with stunning sunrise and sunset scenery.; Hilltop acreage ideal for building a dream exurban home.; Peaceful country living with rolling hills, fresh air, and cooler temperatures.
    (254) 935-3808
    We can help!
    Listing Contact
    Renee Wilson
    Real Estate License ID: 671628
    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
    229 Grand Canyon Drive, Oglesby, TX 76561
    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!