Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    232 La Buena Vida Drive Gunter, TX 75058

    View on Map
    Claim this Listing
    New
    For Sale
    $2,362,500

    Unimproved Land - Gunter, TX

    Type:Unimproved Land
    Lot size:
    13.50 Acres
    Added:
    May 4, 2026
    Days on Market:
    2
    Last Refresh:
    May 5 at 4:06 pm

    Property Features for 232 La Buena Vida Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    131754
    Lot size
    13.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Coryann Johnson
    Coryann Johnson

    Listing agent Coryann Johnson License #0450333

    Listing office Texas Homes and Land 147 N Ohio St, Celina, TX

    Listing date May 4, 2026

    MLS# 21252989 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.

    Overview

    Level 13.5 Acre Homesite Tract

    This is a 13.5 acre tract located in Gunter, Grayson County, Texas. The property is situated in a fast-growing area and is suitable for a private homesite. The land is open pastureland, offering an ideal setting for a custom home, barn, shop, or small homestead. The property is currently in hay production and carries an Ag Exemption, providing tax savings. The terrain is level, which facilitates building. The property is located minutes from the growth and amenities of Celina and Prosper.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gunter
    County
    Grayson
    State
    Texas
    Longitude
    -96.7305
    Latitude
    33.4427

    Nearby Similar for Sale

    • $350,000

      Gunter, TX Commercial Land

      Prime commercial land in rapidly growing Gunter, Texas.
      111 E Main Street, Gunter, TX 75058
      View Details
    • $468,000
      2,554 SF

      Gunter Duplex: Investment Opportunity

      2021 duplex near downtown Gunter, ideal for investment.
      516-518 Wood Drive, Gunter, TX 75058
      View Details
    • $475,000

      Gunter Duplex: Investment Opportunity

      2018 duplex in Gunter with 6 bedrooms and 4 bathrooms.
      614 N 6th Street, Gunter, TX 75058
      View Details
    • $175,000

      Gunter, TX Commercial Land Opportunity

      0.3-acre commercial lot on Main Street in Gunter, TX.
      104 E Main Street, Gunter, TX 75058
      View Details
    • $485,000

      Gunter, TX Acreage Opportunity

      2.4 acres in Gunter, TX with utilities available.
      610 N 9th Street, Gunter, TX 75058
      View Details
    • $300,000

      Unimproved Land in Gunter, TX

      Residential land for custom home in Gunter, Texas.
      Tbd Lot 3 McConnell Road, Gunter, TX 75058
      View Details
    • $1,752,000

      Prime Land Near Preston Crossing

      22 acres of cleared land ready for development near Dallas.
      000 JC Maples Road, Gunter, TX 75058
      View Details
    • $1,895,000
      1,745 SF

      Gunter Ranch with Modern Farmhouse

      Ag-exempt 12-acre ranch featuring a custom rebuilt farmhouse.
      2196 Bledsoe Road, Gunter, TX 75058
      View Details
    • $4,250,000

      Prime 51-Acre Investment Opportunity

      51 acres in Gunter, TX, a rapidly growing area.
      0000 Old Tioga, Gunter, TX 75058
      View Details
    • $1,987,500

      25 Acres in Growing Gunter

      25-acre tract with development potential in Gunter, Texas.
      1730 Mackey Road, Gunter, TX 75459
      View Details
    • $399,000

      Gunter, TX Land for Sale

      2.105 acres of unimproved land in Gunter, Texas.
      1925 Carter Lane, Gunter, TX 75058
      View Details
    • $975,000

      Prime Land in Growing Gunter

      12.5-acre tract ideal for commercial development in rapidly growing Gunter.
      Tbd Mackey Road, Gunter, TX 75459
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 13.5 acre tract in Gunter, TX, ideal for homesite.
    Where is this agricultural land / farmland located?
    The property is located at 232 La Buena Vida Drive Gunter, TX.
    What is the asking price?
    The asking price for this property is $2,362,500.
    What are key features of this property?
    This property features: 13.5 acre level tract ideal for custom home, barn, or shop.; Ag Exemption in place for valuable tax savings.; Minutes from Celina and Prosper amenities.
    (214) 908-5468
    We can help!
    Listing Contact
    Coryann Johnson
    Coryann Johnson
    Real Estate License ID: 0450333
    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
    232 La Buena Vida Drive, Gunter, TX 75058
    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!