1695 Fm 120 Pottsboro, TX 75076
This exceptional 409-acre ranch in Grayson County, Texas, presents a unique investment opportunity. Located near Lake Texoma and Pottsboro at 1695 FM 120, 75076, this property boasts stunning 360-degree views of gently rolling terrain. The ranch includes approximately 25 acres of interconnected lakes, a 5-acre lake, and two additional ponds, providing a rich habitat for diverse wildlife and fish. A charming lodge overlooks the water, featuring two spacious living areas, three bedrooms, two bathrooms, and wraparound porches offering breathtaking lake vistas. Existing improvements include a good older barn with a hay loft, a large steel shop building, and other outbuildings. An older frame ranch house is currently occupied by the ranch manager. The property is fully fenced and cross-fenced and is currently used as a cow-calf operation by a long-term tenant. Its proximity to a new subdivision suggests potential access to city utilities. Enjoy small-town living with excellent schools, convenient access to major transportation routes, shopping, medical facilities, and the North Texas Regional Airport just minutes away. The property's significant acreage and desirable location offer substantial potential for residential development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.