0 Old Sanborn Rnch Rd Whitesboro, TX 76273
This exceptional 10-acre property presents a unique investment opportunity in rapidly developing Grayson County, Texas. Located just off State Highway 56, on Old Sanborn Ranch Rd in Whitesboro (zip code 76273), this unzoned land offers unparalleled flexibility for diverse development projects, including residential, commercial, or agricultural uses. Its strategic location provides easy access to key infrastructure, being only 2.5 miles from the proposed Grayson County Tollway extension of the Dallas North Tollway, and a short 10-minute drive west of TX-289. Commuters will appreciate the proximity to major employers like Texas Instruments, located approximately 20 minutes away. The property boasts readily available electricity and water service (to be connected post-closing by the current owner), eliminating significant development hurdles. Currently enjoying a tax exemption, this land offers substantial cost savings. Importantly, there are no ETJ restrictions, zoning requirements, or easements impacting development plans. Lot lines are estimates, and this listing (Lot 5) will be subdivided from a larger parcel prior to closing. The seller is also offering two additional 10-acre parcels (Lots 1 and 3). APN: 123695. Asking price: $500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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