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    115 E Main St Gunter, TX 75058
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    115 E Main St Gunter, TX 75058

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    • Commercial land
    For Sale
    $785,000
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    Gunter Development Opportunity For Sale
    $785,000
    2,300 SF

    Gunter Development Opportunity

    7.26 acres in Gunter near Preston Rd.

    115 E Main St, Gunter, TX 75058
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    Property ID
    US82-4156433
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 115 E Main St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Ask LIsting Agent for comps!!! BAC is 3%. 7.26 Acres in city limits of Gunter with approximate 2300SF home that needs updates but could be used for rental or office. Great development or investment property near Preston Rd and part of Downtown Master Plan! Seller financing available with 50% down for 3 years. This property is located on Main Street aka FM 121 just east of Preston Rd. Zoning info per City of Gunter is: “ Currently zoned THOR(Thoroughfare District) in the front portion and SF1 in the back. The THOR is an overlay district, that is a base zoning of C-1. Anything with Main Street frontage was re-zoned as THOR in our future land use plan. Currently, this property can be used as SF1, but if the home becomes vacant for a period of 6 months or more or is demolished, the land use would then change to the C-1 zoning on front of the parcel”. Could be purchased as part of a 1031 Tax Exchange. Taxes paid by seller last year were $7740. Please note that property goes well beyond the creek to the south boundary. City water and sewer!! Small yellow building to the east of home is part of property and currently used for storage. New developments being built just east of property on FM 121/Main St. Gunter is poised for growth with its location just north of Prosper & Celina and south of Sherman as well as its proximity to future extension of the Dallas North Tollway. Plans for Universal Theme Park in Frisco 20 minutes from property and HEB, Costco, Walmart, & Lowe's in Celina 10 minutes away.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gunter
    County
    Grayson
    State
    Texas
    Longitude
    -96.7407903
    Latitude
    33.4448616

    Comparable in this City

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    • $7,410,000
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      65 Acres Development Opportunity, Gunter

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    • $785,000
      7.26 Acres

      Prime Land in Gunter, TX

      7.26 acres in Gunter, TX with development potential.
      115 E Main St, Gunter, TX 75058
      View Details

    Similar Nearby for Sale

    • $1,150,000
      11.00 Acres

      Unrestricted Land with Residence

      11-acre property ideal for residential or commercial development.
      688 Harris Rd, Gunter, TX 75058
      View Details
    • $6,360,000
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      Prime Land in Gunter, TX

      40-acre property with development potential in North Texas corridor.
      965 Kerfoot Rd, Gunter, TX 75058
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    • $1,800,000
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      Prime Land with Highway Frontage

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      Gunter, TX Unimproved Land

      Unimproved land in Gunter, TX, excellent for commercial development.
      000 Autry Blvd, Gunter, TX 75058
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    • $7,410,000
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      65 Acres Development Opportunity, Gunter

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    • $785,000
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      Prime Land in Gunter, TX

      7.26 acres in Gunter, TX with development potential.
      115 E Main St, Gunter, TX 75058
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pad Site Available For Lease

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      Retail, Medical, Restaurant Space Available

      New construction retail, medical, or restaurant space for lease.
      615 N 8Th St, Gunter, TX 75058
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    • $1,900 /Mo
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      Gunter, TX Commercial Property

      Small commercial property with flexible space and excellent natural light.
      100 E Pecan St, Gunter, TX 75058
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    Gunter, TX 75058
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    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
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