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    11246 County Road 418 Grandview, TX 76050

    For Sale
    $2,999,000

    155 Acres, Mixed-Use Potential, $2.99M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 155.64-acre property in Grandview, Texas, presents a unique investment opportunity. Located at 11246 County Rd 418, Johnson County, TX 76050, this mixed-use land boasts significant development potential. The property includes a substantial 6,000 square foot barndominium featuring five bedrooms, each with its own ensuite bathroom. An elegant dining area flows seamlessly into an open-concept kitchen, ideal for entertaining. Ample parking, a large shop, and a spacious play area cater to various needs. A beautiful pool with a waterfall feature is enclosed by a wrought iron fence. The property utilizes a co-op water supply and septic system. Fencing and cross-fencing support a productive hay operation, enhanced by five stock tanks suitable for cattle. The land's agricultural capabilities are complemented by its high development potential. The seller believes they own 100% of the mineral rights and is willing to convey 50% with an acceptable offer. APN: 126091100020, 126091100021. This is a rare chance to acquire a large, versatile property with substantial upside.

    Property Features for 11246 County Road 418

    General Information

    Property type
    Multifamily properties
    Lot Size
    6,779,678 SF

    HighLights

    • 160‑acre land parcel
    • Excellent development potential
    • 50% mineral rights retained
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Johnson
    State
    Texas
    Longitude
    -97.235563179462
    Latitude
    32.239674128187

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    FAQs

    What type of property is this?
    Multifamily property - 155 Acres, Mixed-Use Potential, $2.99M
    Where is this multifamily property located?
    The property is located at 11246 County Road 418 Grandview, TX.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: 160-acre land parcel; Excellent development potential; 50% mineral rights retained
    Request Owner's contact information
    11246 County Road 418 Grandview, TX 76050
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    Grandview, TX 76050
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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
    11246 County Road 418 Grandview, TX 76050
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