Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    000 Hwy 78 S Farmersville, TX 75442

    Sponsored
    For Sale
    $15,110,000

    Unimproved Land - Farmersville, TX

    Type:Unimproved Land
    Lot size:
    24.78 Acres
    Days on Market:
    283
    Last Refresh:
    Feb 8 at 2:06 pm

    Property Features for 000 Hwy 78 S

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R673900214401
    Exterior features
    Private Entrance, Fence
    Fencing
    Fenced
    Lot size
    24.78 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Hendricks

    Lori Hendricks, Principal Broker (214) 808-5674

    Listing agent Lori Hendricks (214) 808-5674 License #0507742

    Listing date May 2, 2025

    MLS# 20923612 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.

    Learn more

    Property Insight Report

    Overview

    Prime Land with Retail Potential

    This 24.777-acre parcel of land offers significant retail potential. Situated at the southwest corner of South Highway 78 and Lake Haven Boulevard, the property is located near Lake Haven, a master-planned community spanning over 450 acres with approximately 1,838 lots, including a fire station and an elementary school site. The increasing residential development along Highway 78 in this area of Collin County positions this property as a premium spot for retail development. Located within the extraterritorial jurisdiction (ETJ) of Farmersville, the land is currently in agricultural use. It features four entrances off Lake Haven Boulevard with median cuts. Three sides of the property are enclosed by 5-rail steel post fencing and stone columns, and all entrances have gates with tall headers. The land is relatively flat with a few trees along the fence lines. Water and gas utilities are available at the street. The seller is open to subdividing the property. A new survey will be required as the seller does not have a current one.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmersville
    County
    Collin
    State
    Texas
    Longitude
    -96.370261
    Latitude
    33.164005

    Nearby Similar for Sale

    • $1,149,000
      32.90 Acres

      Collin County Ranch Land Opportunity

      32.9 acres of fenced Texas ranch land with pond.
      3201 Fm 2194, Farmersville, TX 75442
      View Details
    • $747,000
      1,200 SF

      Versatile Farm/Ranch with Insulated Shop

      11-acre Farmersville property with insulated shop, living space, and pond.
      18050 County Road 618, Farmersville, TX 75442
      View Details
    • $997,500
      3,142 SF

      Farmersville Farmhouse on 10 Acres

      Custom home on 10+ acres near Farmersville, Texas.
      5541 County Road 1130, Farmersville, TX 75442
      View Details
    • $349,900
      1,987 SF

      Farmhouse on Spacious Two Acres

      Charming farmhouse on two acres in Hunt County, Texas.
      3751 Fm 903, Farmersville, TX 75442
      View Details
    • $525,000
      12.03 Acres

      Farmersville Land with Horse Amenities

      12.03 acres in Farmersville, TX, ideal for horses.
      1528 Cr 697, Farmersville, TX 75442
      View Details
    • $375,000
      0.05 Acres

      Historic Retail Building in Farmersville

      Charming historic retail property with endless potential in downtown Farmersville.
      104 Mckinney St, Farmersville, TX 75442
      View Details
    • $999,999
      51.00 Acres

      51-Acre Ranch in Farmersville, TX

      Expansive 51-acre property ideal for a custom farmhouse or estate.
      Tbd County Rd 623, Farmersville, TX 75442
      View Details
    • $370,000
      11.32 Acres

      Farmersville Ranch Near Highway 380

      11.323-acre ranch near Farmersville, convenient to Hwy 380.
      000 County Road 818, Farmersville, TX 75442
      View Details
    • $575,000

      Historic Farmersville Building with Potential

      Versatile historic building in downtown Farmersville suitable for various businesses.
      107 S Main St, Farmersville, TX 75442
      View Details
    • $1,400,000

      Versatile Live-Work Property For Sale

      Live and work on 3.34 acres with highway access.
      2077 N State Highway 78, Farmersville, TX 75442
      View Details
    • $4,050,000
      18,000 SF

      Highway 380 Flex Warehouse

      Flex warehouse in Farmersville, near Collin County Outer Loop.
      170 County Road 653, Farmersville, TX 75442
      View Details
    • $1,499,999

      Farmersville Agricultural Property For Sale

      Agricultural property available in Farmersville, Texas.
      1656 County Road 604, Farmersville, TX 75442
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land parcel with retail potential in growing Collin County.
    Where is this land located?
    The property is located at 000 Hwy 78 S Farmersville, TX.
    What is the asking price?
    The asking price for this property is $15,110,000.
    What are key features of this property?
    This property features: - Prime location at the SW corner of S.HWY 78 and Lake Haven Blvd, ideal for retail development.; - Located near the Lake Haven master-planned community with over 1800 lots, a fire station, and an elementary school site.; - High retail potential due to increasing residential development along HWY 78 in Collin County.
    (214) 808-5674
    Request Owner's contact information
    000 Hwy 78 S Farmersville, TX 75442
    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.
    000 Hwy 78 S
    Farmersville, TX 75442
    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
    000 Hwy 78 S Farmersville, TX 75442
    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

    We can help!
    Listing Contact
    Lori Hendricks
    Real Estate License ID: 0507742
    (214) 808-5674
    Learn more
    Google sign-in failed. Please try again or use another login method.