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

    22533 State Highway 56 Whitesboro, TX 76273

    • Commercial real estate
    • 40.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5578355
    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 22533 State Highway 56

    Lot size
    40.14 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 40.14-acre property, located at 22533 State Hwy 56 in Whitesboro, Grayson County, Texas (zip code 76273), presents a compelling investment opportunity. Currently zoned for Agricultural (AG) use, the land is ideal for various farming or ranching endeavors. The expansive acreage offers significant potential for future development, with the owner open to considering subdivision possibilities. A key advantage is the substantial frontage along Highway 56, providing excellent visibility and accessibility. The property is currently leased and utilized for agricultural purposes, generating existing income potential. Situated at latitude 33.6302665 and longitude -96.7887018, this location offers a blend of rural tranquility and convenient access to the nearby town of Whitesboro. The land itself is primarily pastureland, providing a blank canvas for a variety of agricultural uses or future development projects. Serious inquiries are encouraged to explore the possibilities of this unique Texas land offering. The property is being sold as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.7887018
    Latitude
    33.6302665

    Comparable in this City

    • Contact for pricing
      0.75 Acres

      Whitesboro Hwy 82 Commercial Lots

      Three prime commercial lots, Hwy 82 frontage.
      82 And Us Hwy 377, Whitesboro, TX 76273
      View Details
    • $650,000
      3,000 SF

      Whitesboro Commercial Warehouse

      Texas Warehouse: Investment Opportunity
      23350 Us-377 Lot- A Whitesboro Tx 76273, Whitesboro, TX 76273
      View Details
    • $450,030

      15 Acres of Texas Land

      15 acres of land with Texas potential.
      W Sandusky Rd, Whitesboro, TX 76273
      View Details
    • $725,000

      11 Acre Property Near Sherman

      11 acre property near Sherman, 30 minutes to Frisco.
      19783 State Highway 56, Whitesboro, TX 76273
      View Details
    • $39,500
      0.17 Acres

      Whitesboro Land with Detached Garage

      Well-located lot with detached garage in established neighborhood.
      600 Depot St, Whitesboro, TX 76273
      View Details
    • $925,000
      39.83 Acres

      Land with Pasture and Ponds

      Acreage with ponds, pastureland, and mature trees near amenities.
      Tbd Frank Wood Rd, Sadler, TX 76273
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.75 Acres

      Whitesboro Hwy 82 Commercial Lots

      Three prime commercial lots, Hwy 82 frontage.
      82 And Us Hwy 377, Whitesboro, TX 76273
      View Details
    • $650,000
      3,000 SF

      Whitesboro Commercial Warehouse

      Texas Warehouse: Investment Opportunity
      23350 Us-377 Lot- A Whitesboro Tx 76273, Whitesboro, TX 76273
      View Details
    • $450,030

      15 Acres of Texas Land

      15 acres of land with Texas potential.
      W Sandusky Rd, Whitesboro, TX 76273
      View Details
    • $725,000

      11 Acre Property Near Sherman

      11 acre property near Sherman, 30 minutes to Frisco.
      19783 State Highway 56, Whitesboro, TX 76273
      View Details
    • $39,500
      0.17 Acres

      Whitesboro Land with Detached Garage

      Well-located lot with detached garage in established neighborhood.
      600 Depot St, Whitesboro, TX 76273
      View Details
    • $925,000
      39.83 Acres

      Land with Pasture and Ponds

      Acreage with ponds, pastureland, and mature trees near amenities.
      Tbd Frank Wood Rd, Sadler, TX 76273
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,000 SF

      Whitesboro, TX: 46 Acres Build-to-Suit

      Prime 46-acre development site. High-traffic location.
      205 Anderson Rd, Whitesboro, TX 76273
      View Details
    • Contact for pricing
      3,000 SF

      Whitesboro Retail/Office Space

      New construction, flexible suites, prime location.
      0 Union St, Whitesboro, TX 76273
      View Details
    • $2,000 /Mo

      Commercial Property for Rent

      Commercial property available for rent in Whitesboro, Texas.
      1277 B Gunter Rd, Whitesboro, TX 76273
      View Details
    • $2,325 /Mo
      84,942 SF

      Remodeled Commercial Building in Whitesboro, TX

      Versatile, newly remodeled commercial building with multiple units for lease.
      27790 State Highway 56, Whitesboro, TX 76273
      View Details
    • $2,175 /Mo
      1,740 SF

      Remodeled Commercial Building in Whitesboro

      Versatile, remodeled commercial building with five units in Whitesboro, Texas.
      27790 State Highway 56, Whitesboro, TX 76273
      View Details
    • $1,725 /Mo
      84,942 SF

      Remodeled Commercial Building in Whitesboro

      Versatile, newly remodeled commercial building with multiple units for lease.
      27790 State Highway 56, Whitesboro, TX 76273
      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.
    22533 State Highway 56
    Whitesboro, TX 76273
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.