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Days389Days on Market
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$275,000

1245 Fm Rd, Groesbeck, TX, 76642

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size39,640 sqft

Land Information

APNR7727
Lot Number1
Land UseResidential
Legal DescriptionRDIV 002 II GROESBECK, LOT 001, ACRES 0.91, (PT)
Assessed Land Value$11,890
Assessment Year2024

About this property

For sale: 27.63 acres of undeveloped land in Groesbeck, Texas. This large piece of property is in a great location—just minutes from Groesbeck High School, the Limestone County Fairgrounds, and shopping nearby. The land is mostly open with some trees and gentle slopes, making it great for different uses. It has ~400 ft of road frontage with great visibility. This is a chance to own land in a growing area. Whether you’re looking to build, invest, or just want space to spread out, this property has lots of potential.

Investor Tools

$0Estimated Mortgage Balance
$26,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

Interested in this property?

Raymond Wood

SRA Strategic Realty Advisors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$38/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$330
$11,890
2024
$11,890
N/A
$11,890
No

Tax History

Year
Tax Paid
Assessed Value
2022
$330
$11,890

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$26,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Groesbeck

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1245 Fm Rd | Property Details | No Agent List