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    56 85.5 Ac Hwy Southmayd, TX 76268

    For Sale
    Contact for pricing

    Prime Grayson County Land - Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 85.55-acre property in Southmayd, Texas, presents a unique investment opportunity. Located in Grayson County, with a convenient address on Highway 56, this AG-zoned land offers significant potential for various uses. Its strategic location boasts approximately 3 miles of proximity to Preston Road, providing easy access to nearby amenities and infrastructure. The substantial acreage is well-suited for cattle ranching, capitalizing on its ample space and desirable location. The property benefits from excellent highway frontage on Highway 56, enhancing visibility and accessibility. Its proximity to Sherman and Preston Road, coupled with its closeness to Highway 377, further underscores its strategic position. The potential development of a nearby toll road, approximately 7 miles west of the Central Expressway, adds to the long-term growth prospects of this land. This expansive tract presents a compelling opportunity for investors seeking a versatile property with strong development potential and excellent access to major transportation routes. The existing zoning allows for agricultural use, but the property's location and size could support a variety of future development scenarios. This is a rare opportunity to acquire a significant land holding in a rapidly growing area of Texas.

    Property Features for 56 85.5 Ac Hwy

    General Information

    Property type
    Land
    Lot Size
    3,726,558 SF

    HighLights

    • 85.55‑acre development site.
    • Excellent location for development.
    • Approximately 3 miles west of Preston Road.
    • Suitable for cattle ranching.
    • Significant highway frontage on Highway 56.
    • Ideal for ranch use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Southmayd
    County
    Grayson
    State
    Texas
    Longitude
    -96.767108
    Latitude
    33.6248322

    Nearby Comparable

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    Nearby Similar for Sale

    • $4,650,000
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      150 Acres of Rolling Terrain

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    FAQs

    What type of property is this?
    Land - Prime Grayson County Land - Development Potential
    Where is this land located?
    The property is located at 56 85.5 Ac Hwy Southmayd, TX.
    What are key features of this property?
    This property features: 85.55-acre development site.; Excellent location for development.; Approximately 3 miles west of Preston Road.
    (972) 867-1000
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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
    56 85.5 Ac Hwy Southmayd, TX 76268
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