Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    00 Highway 69 Celeste, TX 75423

    View on Map
    Claim this Listing
    New
    For Sale
    $3,995,000

    Unimproved Land - Celeste, TX

    Type:Unimproved Land
    Lot size:
    158.72 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 18 at 9:06 am

    Property Features for 00 Highway 69

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    32713
    Lot size
    158.72 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Murray

    Listing agent David Murray License #0340639

    Listing office Keller Williams Realty 1801 S Mopac Expy Ste 100, Austin, TX

    Listing date Apr 14, 2026

    MLS# 21238950 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Undeveloped Land on Highway 69

    This 158.7-acre tract of unimproved land is located in Celeste, Texas. The property offers flexibility for future use. It features approximately 6,200 feet of frontage along Highway 69, providing visibility and access. The location is approximately 1 hour 10 minutes from Dallas, 30 minutes from McKinney, and 1 hour 30 minutes from Fort Worth. The property is situated in the path of North Texas growth. A public waterline runs along the Highway 69 frontage. The property carries an agricultural exemption. The tract is suitable for a long-term hold, commercial, or mixed-use development, and qualifies as a 1031 exchange candidate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Accounting Firm Storage Facility Electrical Service Tech Support Center Home Appliance Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Celeste
    County
    Hunt
    State
    Texas
    Longitude
    -96.191657
    Latitude
    33.292458

    Nearby Similar for Sale

    • $699,000
      2,584 SF

      Hunt County AG-Exempt Acreage

      53+ acres with two homes and workshop near Leonard, TX.
      7141 County Road 1050, Celeste, TX 75423
      View Details
    • $900,000

      57.65 Acres in Hunt County

      Land with workshop, cottage, and development potential in Celeste, TX.
      0 County Rd 1110, Celeste, TX 75423
      View Details
    • $3,995,000

      Undeveloped Land in Celeste, Texas

      158.7-acre tract suitable for long-term hold or development.
      Highway 69, Celeste, TX 75423
      View Details
    • $699,000

      53 Acres with Two Homes

      53-acre property featuring two homes and a workshop.
      7143 County Road 1050, Celeste, TX 75423
      View Details
    • $80,000

      Land For Sale in Celeste

      1.911 acre tract with road frontage in Celeste, Texas.
      0 FM 272, Celeste, TX 75423
      View Details
    • $734,415

      44.51 Acres in Hunt County

      Land with water features, utilities, and convenient rural access.
      112 Hill Ranch Road, Celeste, TX 75423
      View Details
    • $87,500

      Land in Hunt County, Texas

      1.45 acres in Hunt County, ready for your dream home.
      6482 County Road 1050, Celeste, TX 75423
      View Details
    • $170,000

      2.3 Acre Homesite Near Merit

      2.3 acre homesite perfect for building your dream home.
      025 FM 2194, Celeste, TX 75423
      View Details
    • $984,200

      Expansive Land with Pond and Building

      70.3-acre property perfect for ranching, recreation, or private retreat.
      3679 CR-1089, Celeste, TX 75423
      View Details
    • $190,000

      Residential Land in Celeste, TX

      3.01 acre home site near Greenville and McKinney.
      5472 County Road 1093, Celeste, TX 75423
      View Details
    • $1,275,000

      50+ Acres in Celeste, TX

      50+ acres in Celeste, TX, perfect for commercial use.
      53 US Highway 69, Celeste, TX 75423
      View Details
    • $39,990

      Residential Lot in Celeste, TX

      Cleared residential lot ready for development in Celeste, Texas.
      215 N 4th Street, Celeste, TX 75423
      View Details

    FAQs

    What type of property is this?
    Land - 158.7-acre tract suitable for long-term hold or development.
    Where is this land located?
    The property is located at 00 Highway 69 Celeste, TX.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: 158.7‑acre undeveloped tract offering complete flexibility.; Boasts approximately 6,200 feet of frontage on Highway 69, providing strong visibility.; Located in the path of North Texas growth, just 30 minutes from McKinney.
    (512) 263-9090
    We can help!
    Listing Contact
    David Murray
    Real Estate License ID: 0340639
    Learn More
    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.
    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!