Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Farm Land with Barns Title is generated by Realmo AI

    23931 Highway 56, Whitesboro, TX 76273

    View on Map
    Claim this Listing
    For Sale
    $1,890,000

    Land with barns suitable for cattle, hay, horses.

    Type:Lots & Acreage / Unimproved Land
    Property size:
    1,089,000 SF
    Lot size:
    25.00 Acres
    Price / SF:
    $1.74/SF
    Added:
    Aug 21, 2025
    Days on Market:
    287
    Last Refresh:
    Mar 13 at 3:41 pm

    Property Features for 23931 Highway 56

    General Information

    Standard status
    Active
    Size
    1,089,000 SF
    Lot size
    25.00 Acres
    Property subtype
    Lots & Acreage / Unimproved Land

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    LINGHUA Kong

    Listing agent LINGHUA Kong License #0635973

    Listing office DFW Home

    Listing date Aug 21, 2025

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of DFW Home

    HighLights

    • Four barns and shops suitable for farm equipment, hobbies, or collections.
    • Fenced and cross‑fenced land ideal for cattle, hay, horses, sheep, or goats.
    • Three‑bath home.
    • Upstairs room adaptable as a playroom or media room.
    • Built in 2001.
    • Located in Grayson County.

    Overview

    This property features a home with three bathrooms and an upstairs room suitable for a playroom or media room. The land includes four barns and shops, suitable for farm equipment, hobbies, or storage. The property is fenced and cross-fenced, previously used for cattle and hay production, and is also suitable for horses, sheep, or goats. The property size is 1089000 square feet.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.8126766
    Latitude
    33.6358754

    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
    • $1,299,000
      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
    • $375,000

      Downtown Office and Retail Building

      Highly visible Main Street building with flexible office, retail, or showroom use and convenient front and rear parking.
      130 E Main Street, Whitesboro, TX 76273
      View Details
    • $659,000

      Turnkey Horse Farm Facility

      Turnkey equine property with an arena, round pen, fenced pastures, and multiple barns for ready-to-run operations.
      4113 W Line Road, Whitesboro, TX 76273
      View Details
    • $1,790,000
      1,176 SF

      Whitesboro Agricultural Property with Barndominium

      Almost 40-acre property ideal for cattle and horses.
      204 Cr 107, Whitesboro, TX 76273
      View Details
    • $1,690,000

      Ranch Property with Four Barns

      Fenced, cross-fenced ranch land with barns, shops, and a 3-bath home well-suited for livestock or equestrian use.
      23931 State Highway 56, Whitesboro, TX 76273
      View Details
    • $640,000

      Agricultural Land Tract with Tank

      Ag-exempt acreage with pastureland, mature trees, and an on-site tank, set up for livestock and flexible living.
      2151 County Road 113, Whitesboro, TX 76273
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Land with barns suitable for cattle, hay, horses.
    Where is this agricultural land / farmland located?
    The property is located at 23931 Highway 56 Whitesboro, TX.
    What is the asking price?
    The asking price for this property is $1,890,000.
    What are key features of this property?
    This property features: Four barns and shops suitable for farm equipment, hobbies, or collections.; Fenced and cross‑fenced land ideal for cattle, hay, horses, sheep, or goats.; Three‑bath home.
    (646) 596-2581
    We can help!
    Listing Contact
    LINGHUA Kong
    Real Estate License ID: 0635973
    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
    23931 Highway 56, Whitesboro, TX 76273
    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!