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Property profile

56 85.5 Ac Hwy Southmayd, TX 76268

OFF-MARKET
Land
85.55 ac lot
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Property summary

AI-generated overview

This exceptional 85.55-acre property in Southmayd, Texas, presents a unique investment opportunity. Located in Grayson County, with a convenient address on Highway 56, this AG-zoned land offers significant potential for various uses. Its strategic location boasts approximately 3 miles of proximity to Preston Road, providing easy access to nearby amenities and infrastructure. The substantial acreage is well-suited for cattle ranching, capitalizing on its ample space and desirable location. The property benefits from excellent highway frontage on Highway 56, enhancing visibility and accessibility. Its proximity to Sherman and Preston Road, coupled with its closeness to Highway 377, further underscores its strategic position. The potential development of a nearby toll road, approximately 7 miles west of the Central Expressway, adds to the long-term growth prospects of this land. This expansive tract presents a compelling opportunity for investors seeking a versatile property with strong development potential and excellent access to major transportation routes. The existing zoning allows for agricultural use, but the property's location and size could support a variety of future development scenarios. This is a rare opportunity to acquire a significant land holding in a rapidly growing area of Texas.

Property profile

Verified
Property type Land
Lot 85.55 ac (3,726,558 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

56 85.5 Ac Hwy Southmayd, TX 76268
Southmayd metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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