Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    688 Harris Rd Gunter, TX 75058
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    688 Harris Rd Gunter, TX 75058

    View on Map
    • Commercial land
    For Sale
    $1,150,000
    View Listing →
    Unrestricted Land with Residence For Sale
    $1,150,000
    11.00 Acres

    Unrestricted Land with Residence

    11-acre property ideal for residential or commercial development.

    688 Harris Road, Gunter, TX 75058
    View Listing
    Property ID
    US82-3207117
    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 688 Harris Rd

    Property type
    Commercial land
    Property subtype
    Residential land & home lots

    Description

    Welcome to an incredible opportunity in Gunter, Texas! This 11-acres is the perfect investment for residential or commercial development. With no restrictions and located just at the northern end of Gunter, this property offers endless possibilities. Situated in Grayson County, this private and peaceful tract features rolling terrain and a picturesque view of a treed seasonal creek. The property also includes a spacious 2,000 square foot home, making it ideal for those seeking a residential and office space combination. Conveniently located near Highway 289 and Mackey Road, accessing this property is a breeze. Whether you're looking to build your dream home or establish a thriving commercial venture, this land provides the space and potential to bring your vision to life. Don't miss out on owning this remarkable piece of property in Gunter, Texas. Schedule an appointment to see it today and envision the endless possibilities.

    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
    -96.7091425
    Latitude
    33.4846466

    Comparable in this City

    • $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
    • $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
    • $1,950,000
      26.00 Acres

      26 Acres of Development Land

      26-acre tract ideal for investment and development in Gunter, TX.
      695 Mackey Rd, Gunter, TX 75058
      View Details
    • $250,000
      1.82 Acres

      Gunter, TX Commercial Land Tract

      1.84-acre commercial tract in fast-growing North Texas community.
      101 Block Rd, Gunter, TX 75058
      View Details
    • $5,632,308
      8.62 Acres

      Prime Land in Gunter, TX

      Unimproved land with frontage on Preston Rd in Gunter.
      999 Hwy 289 Hwy, Gunter, TX 75058
      View Details
    • Contact for pricing

      Gunter Barndominium-Style Live-Work Property

      Unique commercial and residential property with flexibility and income potential.
      1404 Mcconnell Rd, 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
    • $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
    • $1,950,000
      26.00 Acres

      26 Acres of Development Land

      26-acre tract ideal for investment and development in Gunter, TX.
      695 Mackey Rd, Gunter, TX 75058
      View Details
    • $250,000
      1.82 Acres

      Gunter, TX Commercial Land Tract

      1.84-acre commercial tract in fast-growing North Texas community.
      101 Block Rd, Gunter, TX 75058
      View Details
    • $5,632,308
      8.62 Acres

      Prime Land in Gunter, TX

      Unimproved land with frontage on Preston Rd in Gunter.
      999 Hwy 289 Hwy, Gunter, TX 75058
      View Details
    • Contact for pricing

      Gunter Barndominium-Style Live-Work Property

      Unique commercial and residential property with flexibility and income potential.
      1404 Mcconnell Rd, Gunter, TX 75058
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pad Site Available For Lease

      Commercial pad site available for lease in Gunter, TX.
      615 Preston Rd, Gunter, TX 75058
      View Details
    • Contact for pricing

      Retail, Medical, Restaurant Space Available

      New construction retail, medical, or restaurant space for lease.
      615 N 8Th St, Gunter, TX 75058
      View Details
    • $1,900 /Mo
      29,621 SF

      Gunter, TX Commercial Property

      Small commercial property with flexible space and excellent natural light.
      100 E Pecan St, Gunter, TX 75058
      View Details
    View Listing
    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.
    688 Harris Rd
    Gunter, TX 75058
    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.
    Sign Up Successful!
    You now have access to more from Realmo!