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    14143 Fm 697 Whitewright, TX 75491

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    14143 Fm 697 Whitewright, TX 75491

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    • Commercial real estate
    • 63.23 lot acres
    For Sale
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    Land Available in Whitewright, Texas For Sale
    Contact for pricing

    Land Available in Whitewright, Texas

    Approximately 63.23 acres available near FM-697 & Bryant Rd.

    14143 FM697, Whitewright, TX 75491
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    Property ID
    US82-4669195
    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 real estate

    Property Details for 14143 Fm 697

    Lot size
    63.23 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 63.23-acre property presents a unique investment opportunity in Grayson County, Texas. Situated at the southeast corner of FM-697 and Bryant Road, this expansive land parcel is located within the extraterritorial jurisdiction (ETJ) of Whitewright, Texas, and conveniently falls within the city's water and sewer service area. The property's agricultural zoning (ETJ) allows for a variety of potential uses, making it suitable for farming, residential development, or a combination thereof. Its strategic location offers easy access to essential amenities and infrastructure. A significant advantage is its proximity to the substantial Texas Instruments expansion project, a new $30 billion chip plant, located less than 30 minutes away. This proximity to a major economic development project positions this land for significant future appreciation. The property's size and versatility make it an attractive option for investors seeking a substantial land holding in a rapidly growing area of Texas. Detailed information and pricing are available upon request. The address is 14143 FM697, Whitewright, TX 75491.

    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
    Whitewright
    County
    Grayson
    State
    Texas
    Longitude
    -96.414769152012
    Latitude
    33.524255919542

    Comparable in this City

    • New
      $4,570,000
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      260-Acre Ranch Near Dallas

      Prime investment property for farming, ranching, and residential income.
      10948 Fm 898, Whitewright, TX 75491
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    • Contact for pricing
      15,000 SF

      Whitewright Acreage Ideal for Events

      82.565-acre property improved for residential, agricultural, recreational, and event-related use.
      1922 Bethel Cannon Rd, Whitewright, TX 75491
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    • $6,800,000
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      Grayson County Ranch with Barndominiums

      170.437-acre Ag Exempt ranch with two barndominiums and shop.
      4333 Fm 2729, Whitewright, TX 75491
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    • $2,650,000
      190.00 Acres

      190 Acres Near Dallas

      190-acre ranch property near Dallas, suitable for development or serene living.
      9324 Fm 898, Whitewright, TX 75491
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    • $750,900
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      Renovated Building in Whitewright, TX

      Renovated building suitable for various uses, including multi-family and healthcare.
      400 S Bond St, Whitewright, TX 75491
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    • $492,000
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      New Construction Duplex in Tom Bean

      Income-producing, fully occupied duplex in Grayson County.
      406 Bonham St, Tom Bean, TX 75491
      View Details

    Similar Nearby for Sale

    • New
      $4,570,000
      260.39 Acres

      260-Acre Ranch Near Dallas

      Prime investment property for farming, ranching, and residential income.
      10948 Fm 898, Whitewright, TX 75491
      View Details
    • Contact for pricing
      15,000 SF

      Whitewright Acreage Ideal for Events

      82.565-acre property improved for residential, agricultural, recreational, and event-related use.
      1922 Bethel Cannon Rd, Whitewright, TX 75491
      View Details
    • $6,800,000
      170.44 Acres

      Grayson County Ranch with Barndominiums

      170.437-acre Ag Exempt ranch with two barndominiums and shop.
      4333 Fm 2729, Whitewright, TX 75491
      View Details
    • $2,650,000
      190.00 Acres

      190 Acres Near Dallas

      190-acre ranch property near Dallas, suitable for development or serene living.
      9324 Fm 898, Whitewright, TX 75491
      View Details
    • $750,900
      2.63 Acres

      Renovated Building in Whitewright, TX

      Renovated building suitable for various uses, including multi-family and healthcare.
      400 S Bond St, Whitewright, TX 75491
      View Details
    • $492,000
      3,311 SF

      New Construction Duplex in Tom Bean

      Income-producing, fully occupied duplex in Grayson County.
      406 Bonham St, Tom Bean, TX 75491
      View Details
    View Listing
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    Whitewright, TX 75491
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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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