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$249,000

21 Acres FM 937, Groesbeck, TX, 76642

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

This beautiful 21.74 Acres is located on the South end of Groesbeck TX, just outside of and adjacent to the city limits and the attractive McLelland Addition. This property has great potential for a residential home-site or multiple home-sites, residential development, or a number of commercial uses, with road frontage on two sides, approximately 700 feet of road frontage on FM 937, approximately 1400 feet of road frontage on LCR 783, with flat to very gently rolling topography, a small seasonal creek along one side, a few large mature Oak trees, open pasture currently used for cattle and hay production. Currently under an active agriculture exemption for low property taxes, the property has barbed wire fencing on three sides, a nice covered storage area, and sturdy cattle pens. There is city water and electricity and natural gas close by, but the availability and cost of obtaining those services needs to be verified. Well water is typically considered good and reliable in the area. And some basic deed restrictions may apply to protect the adjacent property owners.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,494 /month
Positive
Cash Flow Estimate:
$498 /month

Interested in this property?

Kara McLelland

Realty Plus - Groesbeck

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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.

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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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21 Acres FM 937 | Property Details | No Agent List