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    Deed-Restricted Residential Build Site Title is generated by Realmo AI

    John Marr Road, Van Alstyne, TX 75495

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    For Sale
    $599,900

    LAND - Other - Van Alstyne, TX

    Lot size:
    13.33 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for John Marr Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Crops
    Standard status
    Active
    APN
    136064
    Lot size
    13.33 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Beaty

    Listing agent Mark Beaty License #0248768

    Listing office Farmersville Real Estate Company Farmersville, TX

    Listing date Apr 1, 2026

    MLS# 21214294 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

    • Build site about 1.5 miles east of Hwy. 75 and downtown Van Alstyne in the Van Alstyne school district
    • Water and electric available; South Grayson Water Co. reports a 6‑inch water line on the west boundary
    • Approximately 360 ft of road frontage
    • No HOA; deed restrictions safeguard investment with residential use deed restrictions reported
    • Electrical transmission line easement runs northeast to southwest; Encore reports total easement width of 170 ft
    • AG exempt; crops stay until harvested and the farmer may continue farmland if you choose to hold

    Overview

    Set on 13.33 acres, this build site offers the space and privacy many buyers want for a private estate. The property has approximately 360 feet of road frontage, with water and electric available. Deed restrictions are in place with no HOA, helping safeguard long-term investment quality, and the site is intended to be deed restricted to residential use only. Agricultural tax exemption is noted, and crops are described as remaining in place until harvested, with the current farmer indicating interest in continuing farmland if you choose to hold.

    Conveniently located about 1.5 miles east of Hwy. 75 and downtown Van Alstyne, the property is positioned within the Van Alstyne school district. South Grayson Water Co. reports a 6-inch water line on the west boundary. An electrical transmission line easement runs from northeast to southwest across the property, with the total easement width reported as 170 feet. Buyer is advised to review the transmission line/easement details and complete their own due diligence.

    This offering is well suited to buyers planning a residential build who also want the option to maintain agricultural use in the interim. The combination of meaningful frontage, available utilities, and deed-restricted residential intent can support a range of custom home plans, while the easement should be evaluated early to confirm the ideal building location and layout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.5550511
    Latitude
    33.4054138

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    FAQs

    What type of property is this?
    Residential land & home lot - A spacious residential build site with water and electric available and deed restrictions to protect future use.
    Where is this residential land & home lot located?
    The property is located at John Marr Road Van Alstyne, TX.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Build site about 1.5 miles east of Hwy. 75 and downtown Van Alstyne in the Van Alstyne school district; Water and electric available; South Grayson Water Co. reports a 6‑inch water line on the west boundary; Approximately 360 ft of road frontage
    (972) 784-6115
    We can help!
    Listing Contact
    Mark Beaty
    Real Estate License ID: 0248768
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    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.

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