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    Property profile & analytics

    1100 Hwy 56 Southmayd, TX 76268

    • Commercial real estate
    • 1,612 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US82-4416264
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1100 Hwy 56

    Year built
    1996
    Lot size
    0.93 lot acres
    Property size
    1,612 SF
    Property type
    Commercial real estate
    APN
    157 034600401
    APU
    157034600401

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Southmayd
    County
    Grayson
    State
    Texas
    Longitude
    -96.6951
    Latitude
    33.6207
    CBSA code
    43300
    CBSA name
    SHERMAN-DENISON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,296
    $86,482
    $14,240
    $100,722
    -
    $86,482
    $14,240
    $100,722

    Comparable in this City

    • Value Estimation by Request
      300 SF

      Simpson

      COMMERCIAL (GENERAL) • 300 SF
      Simpson, Southmayd, TX 76268
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    • Value Estimation by Request
      4,704 SF

      4218 Elementary Dr

      COMMERCIAL (GENERAL) • 4,704 SF
      4218 Elementary Dr, Southmayd, TX 76268
      View Details
    • Value Estimation by Request
      0.46 Acres

      4501 Elementary Drb

      COMMERCIAL (GENERAL) • 0.46 Acres
      4501 Elementary Drb, Southmayd, TX 76268
      View Details
    • Value Estimation by Request
      2,400 SF

      4404 Belknapp St

      COMMERCIAL (GENERAL) • 2,400 SF
      4404 Belknapp St, Southmayd, TX 76268
      View Details
    • Value Estimation
      $485,000
      6,640 SF

      4218 Elementary Drb

      COMMERCIAL (GENERAL) • 6,640 SF
      4218 Elementary Drb, Southmayd, TX 76268
      View Details
    • Value Estimation by Request
      6.41 Acres

      Elementary Dr

      COMMERCIAL (GENERAL) • 6.41 Acres
      Elementary Dr, Southmayd, TX 76268
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      85.55 Acres

      85.5 Acres Hwy 56, Southmayd, TX

      Prime Grayson County Land - Development Potential
      0 85.5 Ac Hwy 56, Southmayd, TX 76268
      View Details
    • $5,200,000
      195.55 Acres

      195.55 Acres of Unimproved Land

      Large tract of land with highway frontage and growth potential.
      Tbd 195.55 Acres State Hwy 56, Southmayd, TX 76268
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    • $551,000
      14.50 Acres

      Southmayd, TX 14-Acre Land Parcel

      14 acres with pond, creek, and open pasture near Hwy 289.
      Tbd Swindle Rd, Southmayd, TX 76268
      View Details
    • $4,650,000
      150.00 Acres

      150 Acres of Rolling Terrain

      Scenic 150-acre ranch land with ponds near Sherman, Texas.
      000 Old Sherman Off Of Rd, Southmayd, TX 76268
      View Details
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    1100 Hwy 56
    Southmayd, TX 76268
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    Realmo Value Estimation

    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.

    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.

    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
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