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    318 Cold Springs Rd Van Alstyne, TX 75495

    For Sale
    $4,750,000

    74 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 74.4-acre commercial land parcel in Van Alstyne, Texas, presents a unique investment opportunity. Located in Grayson County, with APN 136081, the property boasts a picturesque setting, featuring rolling hills and a 13-acre spring-fed lake stocked with fish. Two spring-fed creeks further enhance the natural beauty of this remarkable estate. A substantial 5,000 square-foot barn, complete with air conditioning, electricity, and plumbing, adds significant value and potential for various uses. The barn's hilltop location offers breathtaking 360-degree views. Multiple potential building sites overlook the lake, providing exceptional privacy and stunning vistas. The land is fully fenced, ensuring security and seclusion. Native grasses cover the acreage, contributing to its ecological value and natural charm. Conveniently located with quick access to Van Alstyne and US Highway 75, this property offers a rare blend of rural tranquility and easy accessibility. The asking price is $4,750,000, translating to $63,844.09 per acre. This once-in-a-lifetime opportunity is ideal for those seeking a private estate or a unique commercial development project. The property is zoned for land use. The land encompasses 3,240,864 square feet. Lease information is available upon request, with a rent commencement date of June 28, 2024, and lease expiration on February 18, 2025.

    Property Features for 318 Cold Springs Rd

    General Information

    Property type
    Land
    Lot Size
    3,240,864 SF

    HighLights

    • 3,240,864 square foot land parcel.
    • Land price: $1.47 per square foot.
    • One lake on‑site.
    • One tank/pond on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Gym & Fitness Storage Facility Car Rental Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.540533
    Latitude
    33.402286

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    FAQs

    What type of property is this?
    Land - 74 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at 318 Cold Springs Rd Van Alstyne, TX.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: 3,240,864 square foot land parcel.; Land price: $1.47 per square foot.; One lake on-site.
    Request Owner's contact information
    318 Cold Springs Rd Van Alstyne, TX 75495
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    Van Alstyne, TX 75495
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    Realmo Value Estimation

    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.

    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.

    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
    318 Cold Springs Rd Van Alstyne, TX 75495
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