Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fenced Waterfront Ranch Acreage Title is generated by Realmo AI

    Hog Town Road, Collinsville, TX 76233

    View on Map
    Claim this Listing
    For Sale
    $5,000,000

    LAND - Collinsville, TX

    Lot size:
    124.44 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for Hog Town Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Cleared, Grassed
    Fencing
    Fenced
    Standard status
    Active
    APN
    128255
    Lot size
    124.44 Acres

    Taxes and HOA fees

    Tax Description
    G-0441 GARLAND JAMES & HRS A-G0441
    Tax Annual Amount
    520

    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 Apr 9, 2026

    MLS# 21144225 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

    • Large acreage tract with 3,200+ ft Corps of Engineer frontage and seven ponds
    • Over 1,100 ft of frontage on two sides of Hog Town Road
    • Fully fenced with a current ag exemption in place
    • Grayson County Electric currently being delivered to the property
    • City of Collinsville water line on Hog Town Road to the east of the property
    • Verified Hog Town Road frontage as a public right of way, offering potential for future subdividing

    Overview

    This sale consists of a large acreage tract that is fully fenced and currently has an ag exemption in place. The property includes seven ponds and has over 3,200 feet of Corps of Engineers frontage. Terrain is a mix of cleared pasture, wooded areas, and mature oak trees, with sandy loam soil and coastal bermuda noted on-site.

    Access includes frontage on Hog Town Road, with more than 1,100 feet on two sides of the road. Grayson County development services has verified that the Hog Town Road frontage is a public right of way, which the seller notes may provide opportunities for future subdividing. Grayson County Electric is being delivered to the property. The city of Collinsville has a water line on Hog Town Road to the east of the property.

    For buyers seeking an outdoor-oriented property, the combination of pond resources, water frontage, and hunting and fishing use described in the remarks supports a recreational fit, while the presence of pasture and fencing aligns with cattle or horse operations. A buyer may also choose to hold the land for future development considerations tied to the documented public right of way frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Collinsville
    County
    Grayson
    State
    Texas
    Longitude
    -96.904905
    Latitude
    33.524992

    Nearby Similar for Sale

    • $1,620,272

      Development Land with Highway Access

      31-acre tract with city/ETJ mix and near-permitting engineering progress for a streamlined development path.
      1801 Us-377, Collinsville, TX 76233
      View Details
    • $400,000

      High-Visibility Commercial Land Tract

      A level tract with frontage on two major roads, offering strong exposure for future commercial development or investment.
      N Main Street, Collinsville, TX 76233
      View Details
    • $619,500

      Lakefront Agricultural Land with Pastures

      Waterfront acreage with improved coastal pastures and multiple building sites near recreational access on Lake Ray Roberts.
      Pop Noah Road, Collinsville, TX 76233
      View Details
    • $725,000

      Ranch Land with Custom Home Potential

      Open 22-acre parcel with water and power at the road, suited for cattle, horses, or a barndominium build.
      W Line Road, Collinsville, TX 76233
      View Details
    • $500,000

      Residential Land in Collinsville, TX

      1.8 acres of residential land close to downtown Collinsville.
      310 W Hughes Street, Collinsville, TX 76233
      View Details
    • $580,000

      Acreage with Home and Workshop

      Versatile North Texas acreage with a move-in-ready home, two-bay workshop with electricity, and pond access for flexible living plans.
      437 County Road 292, Collinsville, TX 76233
      View Details

    FAQs

    What type of property is this?
    Ranch - Large, fully fenced acreage with multiple ponds and Corps of Engineers frontage for livestock and outdoor recreation.
    Where is this ranch located?
    The property is located at Hog Town Road Collinsville, TX.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Large acreage tract with 3,200+ ft Corps of Engineer frontage and seven ponds; Over 1,100 ft of frontage on two sides of Hog Town Road; Fully fenced with a current ag exemption in place
    (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
    Hog Town Road, Collinsville, TX 76233
    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!