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

    757 Reynolds Road, Whitewright, TX 75491

    View on Map
    Claim this Listing
    New
    For Sale
    $450,000

    Unimproved Land - Whitewright, TX

    Type:Unimproved Land
    Lot size:
    15.00 Acres
    Added:
    May 6, 2026
    Days on Market:
    5
    Last Refresh:
    May 10 at 8:06 am

    Property Features for 757 Reynolds Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    408039
    Lot size
    15.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bruce Roberts

    Listing agent Bruce Roberts License #0322520

    Listing office Bois d'Arc Realty, Inc. 105 W Grand St, Whitewright, TX

    Listing date May 6, 2026

    MLS# 21218434 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

    • 15‑acre tract offering a blend of country setting and convenience.
    • Water and electric meters already in place, simplifying future development.
    • Good road frontage and accessibility on an asphalt county road.
    • Suitable for a homesite, weekend place, or small agricultural use.
    • Features open pasture and scattered mature trees.
    • Multiple possible building sites with varying levels of privacy.

    Overview

    This 15-acre tract combines a country setting with convenience, featuring frontage on an asphalt county road for good access and privacy. The land includes open pasture and scattered mature trees, making it suitable for a homesite, weekend place, or small agricultural use. A water meter and electric meter are already in place, which can help simplify future improvements. The property's layout provides several possible building sites, including areas with additional privacy near the trees. Whether for a permanent residence, recreational use, or investment, this tract offers flexibility for a variety of needs. The property is located about 12 miles southeast of Sherman, 19 miles northeast of McKinney, 29 miles northeast of Frisco, and 24 miles northeast of Prosper.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Whitewright
    County
    Grayson
    State
    Texas
    Longitude
    -96.4391207
    Latitude
    33.4732523

    Nearby Similar for Sale

    • $690,000

      Established Car Wash on Highway

      High-visibility car wash with income-generating potential in growing North Texas.
      1859 Beasley Boulevard, Whitewright, TX 75491
      View Details
    • $525,000

      Restaurant in Downtown Whitewright

      2500 SF restaurant in a historic downtown location.
      112 W Grand Street, Whitewright, TX 75491
      View Details
    • $675,000

      Fully Occupied Whitewright Apartment Building

      8-unit apartment building with long-term tenants and individual metering.
      105 W Pine Street, Whitewright, TX 75491
      View Details
    • $999,000

      Highway Frontage Land Near Melissa

      Almost 15 acres suitable for residential or commercial development.
      002 HWY 160, Whitewright, TX 75491
      View Details
    • $184,500

      Downtown Whitewright Office Building

      Updated office building in downtown Whitewright ready for new owner.
      116 W Grand Street, Whitewright, TX 75491
      View Details
    • $500,000

      Whitewright Acreage with Event Venue

      82.565 acres improved for residential, agricultural, recreational, and event-related use.
      1922 Bethel Cannon Road, Whitewright, TX 75491
      View Details
    • $399,000

      Whitewright Land with Utilities

      14.189 acres ready for redevelopment with existing utilities.
      864 County Road 4425, Whitewright, TX 75491
      View Details
    • $459,000

      19.98 Acre Whitewright Land

      19.98 acres of pastureland near Sherman and Denison, Texas.
      999 EAST LINE, Whitewright, TX 75491
      View Details
    • $124,900

      5-Acre Residential Tract Ready

      Cleared homesite in Grayson County with highway frontage.
      1080 State Highway 160, Whitewright, TX 75491
      View Details
    • $389,900

      Downtown Whitewright Commercial Building For Sale

      Commercial building in the heart of Downtown Whitewright on .57-acre lot.
      228 W Grand Street, Whitewright, TX 75491
      View Details
    • $244,900

      Improved 10-Acre Land Near Sherman

      10 acres of pasture land near Sherman and Denison.
      999-a EAST LINE, Whitewright, TX 75491
      View Details
    • $389,900
      8,400 SF

      Downtown Whitewright Commercial Building

      Commercial building in the heart of Downtown Whitewright.
      228 W Grand Street, Whitewright, TX 75491
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 15-acre tract suitable for homesite, recreation, or investment.
    Where is this agricultural land / farmland located?
    The property is located at 757 Reynolds Road Whitewright, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 15‑acre tract offering a blend of country setting and convenience.; Water and electric meters already in place, simplifying future development.; Good road frontage and accessibility on an asphalt county road.
    (903) 364-2700
    We can help!
    Listing Contact
    Bruce Roberts
    Real Estate License ID: 0322520
    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
    757 Reynolds 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!