Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Bells Tbd Sears Rd. Rd Bells, TX 75414

    • Land
    • 95.98 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Bells Tbd Sears Rd. Rd

    Lot size
    95.98 lot acres
    Property type
    Land

    Description

    This exceptional 95.983-acre commercial land parcel presents a unique investment opportunity in Grayson County, Texas. Located on TBD Sears Road in Bells, TX, zip code 75414, this expansive tract boasts a picturesque setting just a short distance from Highway 69, between Whitewright and Bells. The property features a blend of native and improved pastureland, complemented by a mix of scattered and dense timber, creating a haven for wildlife, particularly along the creek at the rear. Despite its secluded ambiance, the location offers convenient access to Sherman (under 15 minutes) and McKinney (approximately 40 minutes), making it suitable for a weekend retreat, a primary residence, or a strategic investment. The property's potential is vast, catering to various uses, including a farm, ranch, or simply a tranquil escape. Existing infrastructure includes electric service along the paved county road, and the property benefits from over 900 feet of road frontage. The APN is 126830 and the subdivision is G-0265 CORNEAL P T A-G0265. Given the significant growth in Grayson County, properties of this size are becoming increasingly rare, making this a compelling opportunity for discerning buyers. The asking price is $1,872,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bells
    County
    Grayson
    State
    Texas
    Longitude
    -96.429
    Latitude
    33.6073

    Comparable in this City

    • Value Estimation by Request
      5.50 Acres

      Us-82

      Land • 5.50 Acres
      0 Us-82, Bells, TX 75414
      View Details
    • Value Estimation by Request
      4.00 Acres

      Us-69

      Land • 4.00 Acres
      0 Us-69, Bells, TX 75414
      View Details
    • Value Estimation by Request
      1.48 Acres

      Us Hwy 69 & Everheart Rd

      Land • 1.48 Acres
      0 Us Hwy 69 & Everheart Rd, Bells, TX 75414
      View Details
    • Value Estimation by Request
      6.32 Acres

      2507 Us-82

      Land • 6.32 Acres
      2507 Us-82, Bells, TX 75414
      View Details
    • Value Estimation by Request
      2.00 Acres

      Vernon St

      Farms • 2.00 Acres
      0 Vernon St, Bells, TX 75414
      View Details
    • Value Estimation by Request
      26.00 Acres

      Tbd Dugan Chapel Rd

      Farms • 26.00 Acres
      0 Tbd Dugan Chapel Rd, Bells, TX 75414
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mill Creek Land Opportunity

      Land bordering Hwy 69 and Dugan Chapel Rd in Bells.
      131 Dugan Chapel Rd Rd, Bells, TX 75414
      View Details
    • $260,000
      7.98 Acres

      7.984 Acres of Unimproved Land

      7.984-acre tract in Bells, Texas, ideal for homesite or investment.
      E Bells Blvd, Bells, TX 75414
      View Details
    • Contact for pricing

      10 Acres Land For Sale

      Approximately 10 acres of land available with road access.
      1015 W Mcfarland St, Bells, TX 75414
      View Details
    • Contact for pricing
      0.15 Acres

      Vacant Land in Bells, TX

      Vacant lot available in Bells, Grayson County, Texas.
      306 S Pecan St, Bells, TX 75414
      View Details
    • $689,000
      26.00 Acres

      26-Acre Ranch near Sherman, TX

      Prime Texas Land: Build Your Dream Home
      0 Tbd Dugan Chapel Rd, Bells, TX 75414
      View Details
    • $416,000
      13.00 Acres

      13 Acres of Unimproved Land

      13 acres in Bells, TX, ideal for building or recreation.
      1220 Sears Rd, Bells, TX 75414
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo
      43,560 SF

      Bells, TX Warehouse Opportunity

      Commercial lease opportunity with excellent visibility and accessibility on Highway 82.
      1140 Craft Rd, Bells, TX 75414
      View Details
    • $1,095 /Mo
      20,473 SF

      Highway-Frontage Office Suites in Bells

      Four connected office suites in Bells, Texas, with highway frontage.
      301 W Bells Blvd W, Bells, TX 75414
      View Details
    • $1,095 /Mo

      Highway Exposure Office Suites

      Connected office suites in brick building with highway exposure.
      301 W Bells Blvd, Bells, TX 75414
      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.
    Bells Tbd Sears Rd. Rd
    Bells, TX 75414
    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

    Google sign-in failed. Please try again or use another login method.