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    Updated Farmhouse on Fenced Acres Title is generated by Realmo AI

    356 Heironimus Lane, Denison, TX 75020

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    For Sale
    $499,000

    Updated 1935 farmhouse on 5 acres near Denison Town Center.

    Type:Farm & Ranch
    Property size:
    1,568 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $318/SF
    Added:
    May 19, 2026
    Days on Market:
    13
    Last Refresh:
    May 19 at 5:31 am

    Property Features for 356 Heironimus Lane

    General Information

    Standard status
    Active
    Size
    1,568 SF
    Lot size
    5.00 Acres
    Property subtype
    Farm & Ranch

    Building Details

    Year Built
    1935

    We can help!

    Listing Contact
    Evan Ramsey

    Listing agent Evan Ramsey License #0845775

    Listing office Bertholf Commercial Real Estate

    Listing date May 19, 2026

    Source Signaturere

    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 Bertholf Commercial Real Estate

    HighLights

    • 5 fully fenced acres with no HOA, offering privacy and freedom.
    • Updated 1935 farmhouse with 3 bedrooms and 3 full bathrooms, including two primary suites.
    • 30x30 workshop with electricity and three roll‑up doors, plus a 50x50 dry barn.
    • Turnkey mini‑farm setup with pig pen, chicken coops, duck pond, and fenced pasture; existing livestock negotiable.
    • Reliable water supply with a rebuilt well house and $14,000 triple‑filtration system.
    • Convenient location near Denison Town Center, Texoma Medical Center, Lake Texoma, and Highways 82 and 75.

    Overview

    Located at 356 Heironimus Lane in Denison, Texas, this property features a thoughtfully updated 1935 farmhouse on 5 fully fenced acres. The 1,568 square foot home includes fresh interior paint, updated plumbing, and central heat and air. The open-concept layout includes 3 bedrooms and 3 full bathrooms, featuring two private primary suites. The kitchen is equipped with a stove, refrigerator, and dishwasher. A wrap-around porch extends the living space. An interior-access storm cellar provides added security. Additional improvements include a 30x30 workshop with electricity and three roll-up doors, a 50x50 dry barn, a pig pen, shaded chicken coops with water and electricity, a duck pond, and approximately 2.5 acres of fenced pasture. A 20x20 metal carport and a fully insulated brick outbuilding with AC and electricity offer flexible space. A rebuilt well house and a triple-filtration system ensure a reliable water supply. The property is located minutes from Denison Town Center, Texoma Medical Center, Lake Texoma, and Highways 82 and 75. Existing livestock, including pigs, chickens, and ducks, are negotiable. A 2016 Gravely ZT50 zero-turn mower is included.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Auto Repair Shop Department Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.6418452
    Latitude
    33.7286167

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    FAQs

    What type of property is this?
    Farm - Updated 1935 farmhouse on 5 acres near Denison Town Center.
    Where is this farm located?
    The property is located at 356 Heironimus Lane Denison, TX.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 5 fully fenced acres with no HOA, offering privacy and freedom.; **Updated 1935 farmhouse with 3 bedrooms and 3 full bathrooms, including two primary suites.**; **30x30 workshop with electricity and three roll‑up doors, plus a 50x50 dry barn.**
    (972) 565-5532
    We can help!
    Listing Contact
    Evan Ramsey
    Real Estate License ID: 0845775
    Learn More
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    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.

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