Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Creek and Pond Land Tract Title is generated by Realmo AI

    Fm 678, Whitesboro, TX 76273

    View on Map
    Claim this Listing
    For Sale
    $415,000

    LAND - Whitesboro, TX

    Lot size:
    13.00 Acres
    Added:
    May 7, 2026
    Days on Market:
    29
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for Fm 678

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    2781
    Lot size
    13.00 Acres

    Taxes and HOA fees

    Tax Description
    IZOD J 0518 ACRES 37.38
    Tax Annual Amount
    38

    Utilities

    Water front features
    Creek

    We can help!

    Listing Contact
    Kelsey Whitesell
    Kelsey Whitesell

    Listing agent Kelsey Whitesell License #0724414

    Listing office Talley and Company, LTD 8914 Hames Rd, Dallas, TX

    Listing date May 7, 2026

    MLS# 21224292 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

    • Tranquil pond plus a gentle winding creek on the property
    • Over 866 ft of paved FM 678 frontage for convenient access
    • Water and electric are available
    • Ag exemption on the property
    • Located in Whitesboro ISD
    • Creek frontage and mature trees provide a wooded park‑like setting

    Overview

    This is a 13-acre land tract in a park-like setting with mature, towering trees, a tranquil pond, and a gentle winding creek. The property offers natural privacy and a scenic landscape that can support a variety of residential uses, from a farmhouse homesite to a weekend retreat. Water and electric are available, and the tract carries an ag exemption.

    Access is provided by paved FM 678 frontage, offering 866 feet of frontage. The property is located in Whitesboro ISD, and it also notes that additional acreage is available for buyers seeking room to expand.

    For buyers looking for country land with established tree cover and water features, this tract provides a straightforward starting point with frontage and utilities already available. The ag exemption may also appeal to those who want to balance the beauty of a wooded setting with a more practical agricultural classification. Walk the creek and pond area, review the FM 678 frontage, and confirm how the existing topography and tree canopy fit your intended homesite layout or development plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -97.143034
    Latitude
    33.624238

    Nearby Similar for Sale

    • $1,200,000
      8,000 SF

      Industrial Property with Two Buildings

      Two-buildings industrial site with roll-up and slider doors plus gravel surface for heavy truck use and flexible operations.
      23350 US Highway 377, Whitesboro, TX 76273
      View Details
    • $1,299,000
      9,580 SF

      Automotive Service and Storage Property

      High-visibility automotive and heavy-service site with strong semi-truck traffic and space for storage, parking, and operations.
      59 Shawnee Trail, Whitesboro, TX 76273
      View Details
    • $375,000

      Downtown Office and Retail Building

      Highly visible Main Street building with flexible office, retail, or showroom use and convenient front and rear parking.
      130 E Main Street, Whitesboro, TX 76273
      View Details
    • $659,000

      Turnkey Horse Farm Facility

      Turnkey equine property with an arena, round pen, fenced pastures, and multiple barns for ready-to-run operations.
      4113 W Line Road, Whitesboro, TX 76273
      View Details
    • $1,790,000
      1,176 SF

      Whitesboro Agricultural Property with Barndominium

      Almost 40-acre property ideal for cattle and horses.
      204 Cr 107, Whitesboro, TX 76273
      View Details
    • $1,576,000

      Commercial Land with Highway Frontage

      39.4-acre tract in Grayson County with 1,153 feet of Highway 377 frontage and a mix of open space and mature trees.
      Dixie Road, Whitesboro, TX 76273
      View Details
    • $1,690,000

      Ranch Property with Four Barns

      Fenced, cross-fenced ranch land with barns, shops, and a 3-bath home well-suited for livestock or equestrian use.
      23931 State Highway 56, Whitesboro, TX 76273
      View Details
    • $640,000

      Agricultural Land Tract with Tank

      Ag-exempt acreage with pastureland, mature trees, and an on-site tank, set up for livestock and flexible living.
      2151 County Road 113, Whitesboro, TX 76273
      View Details
    • $790,000

      Gated Recreational Land Retreat

      Private, fenced retreat with furnished cabins, RV hookups, and pond recreation plus utility access for flexible residential or hospitality use.
      4787 CR 106, Whitesboro, TX 76273
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded land with a pond and winding creek, plus paved frontage and utilities available for a homesite or retreat.
    Where is this residential land & home lot located?
    The property is located at Fm 678 Whitesboro, TX.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: Tranquil pond plus a gentle winding creek on the property; Over 866 ft of paved FM 678 frontage for convenient access; Water and electric are available
    (254) 718-6791
    We can help!
    Listing Contact
    Kelsey Whitesell
    Kelsey Whitesell
    Real Estate License ID: 0724414
    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
    Fm 678, Whitesboro, TX 76273
    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!