Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd Westfield Way Whitewright, TX 75491
    Back to Search
    Property profile & analytics

    Tbd Westfield Way Whitewright, TX 75491

    View on Map
    • Land
    • 6.36 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Westfield Way

    Lot size
    6.36 lot acres
    Property type
    Land

    Description

    This exceptional 6.36-acre parcel presents a remarkable opportunity for residential development in the thriving city of Whitewright, Texas. Located on the north side of Highway 11, with convenient access from both Westfield Way and S Savage Street, this property boasts city water and sewer availability directly on Westfield Way. The land is ideal for single-family homes, multi-family projects, or a spacious homestead. A survey is available for review. Whitewright is experiencing significant growth, offering a strategic location just under 10 miles north of Highway 121, and within a short commute of Sherman, Denison, Bonham (all within 20 minutes), and McKinney (approximately 30 minutes). This prime location combines the tranquility of a small town with easy access to larger urban centers, making it an attractive investment for both residential and commercial ventures. The asking price for this exceptional property is $318,100. Don't miss this chance to acquire a substantial piece of land in a rapidly developing area. The property is located in Grayson County, Texas, with the address listed as TBD Westfield Way, Whitewright, TX 75491.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Whitewright
    County
    Grayson
    State
    Texas
    Longitude
    -96.4062
    Latitude
    33.5083

    Comparable in this City

    • Value Estimation by Request
      39.66 Acres

      Tbd Rochelle Cannon Rd

      Farms • 39.66 Acres
      0 Tbd Rochelle Cannon Rd, Bells, TX 75491
      View Details
    • Value Estimation by Request
      25.12 Acres

      704 Grand Ave

      Farms • 25.12 Acres
      704 Grand Ave, Whitewright, TX 75491
      View Details
    • Value Estimation by Request
      52.27 Acres

      15186 Tx-11

      Land • 52.27 Acres
      15186 Tx-11, Whitewright, TX 75491
      View Details
    • Value Estimation by Request
      13.00 Acres

      Blanton Hl Rd

      Farms • 13.00 Acres
      0 Blanton Hl Rd, Bells, TX 75491
      View Details
    • Value Estimation by Request
      63.23 Acres

      14143 Fm 697

      Farms • 63.23 Acres
      14143 Fm 697, Whitewright, TX 75491
      View Details
    • Value Estimation by Request
      67.35 Acres

      State Highway 160

      Farms • 67.35 Acres
      0 State Highway 160, Whitewright, TX 75491
      View Details

    Similar Nearby for Sale

    • $39,900
      7,100 SF

      Development Ready Flat Lot

      Flat lot ready for development with utilities at road.
      312 West Oak St, Whitewright, TX 75491
      View Details
    • $399,000
      14.19 Acres

      Whitewright Land with Utilities

      14.189 acres ready for redevelopment with existing utilities.
      864 County Road 4425, Whitewright, TX 75491
      View Details
    • $274,999
      5.00 Acres

      Spacious Land in Whitewright, TX

      5 acres of land with FM 697 access.
      8300 Fm 697, Whitewright, TX 75491
      View Details
    • $150,000
      2.52 Acres

      2.5 Acres Unimproved Land

      2.5-acre tract in Whitewright, TX, ideal for custom development.
      2 Gray Bottom Rd, Whitewright, TX 75491
      View Details
    • $298,900
      13.00 Acres

      Unimproved Land in Whitewright, Texas

      13 acres of land suitable for livestock or custom home.
      000 Blanton Hill Rd, Whitewright, TX 75491
      View Details
    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.
    Tbd Westfield Way
    Whitewright, TX 75491
    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
    Tbd Westfield Way, Whitewright, TX, 75491
    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!