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    Collinsville Estate with Modern Luxury Title is generated by Realmo AI

    1024 Jordan Creek Road, Collinsville, TX 76233

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    For Sale
    $1,249,000

    Ranch, Farm/Ranch - Collinsville, TX

    Type:Farm
    Property size:
    2,800 SF
    Lot size:
    15.00 Acres
    Price / SF:
    $446/SF
    Added:
    May 14, 2026
    Days on Market:
    17
    Last Refresh:
    May 30 at 10:06 am

    Property Features for 1024 Jordan Creek Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Carport, Covered
    Patio and Porch features
    Patio, Porch
    Interior features
    Cable Tv Available, Cathedral Ceiling(s), Decorative Lighting, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Sound System Wiring, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Rain Gutters, Lighting, Rv/Boat Parking, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Garbage Disposer, Microwave, Oven - Double, Washer
    Standard status
    Active
    APN
    378827
    Size
    2,800 SF
    Lot size
    15.00 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating), Fireplace(s), Heat Pump (Heating), Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Heat Pump

    Building Details

    Year built
    2015
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Metal Siding, Steel Siding, Stone
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Tabatha Polley
    Tabatha Polley

    Listing agent Tabatha Polley License #0600097

    Listing office KELLER WILLIAMS REALTY 806 S. Highway 377, Denton, TX

    Listing date May 14, 2026

    MLS# 21225316 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.

    HighLights

    • 15‑acre estate with Wildlife Exemption for low taxes.
    • Main residence featuring a gourmet kitchen (upgraded in 2025), rock fireplace, 10’ and vaulted ceilings, and custom 8’ doors.
    • Separate 2 Bed, 2 Bath guest house ideal for multi‑generational living or accommodating guests.
    • 40'x40' insulated workshop includes a game room, office, and half bath.
    • Enjoy the massive screened back porch (added in 2024) with a wood‑burning fireplace.
    • Stocked pond and gated entrance.

    Overview

    This 15-acre estate offers a combination of modern luxury and functional utility. The main residence features 4 bedrooms, 2 full baths, and 1 half bath, with 10’ and vaulted ceilings, hickory cabinetry, and custom 8’ doors. The heart of the home is anchored by a rock fireplace and a gourmet kitchen upgraded in 2025 with new double ovens and a gas cooktop. Outdoor living is enhanced by a screened back porch, added in 2024, complete with its own wood-burning fireplace. The property also features a fully independent 2-bed, 2-bath unit. A 40'x40' insulated workshop includes a game room, office, and half bath. With a stocked pond and gated entrance, this property is located in Collinsville, Texas, in Grayson County, and has a Wildlife Exemption in place for low taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store HVAC Service Garden Center Discount Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Grayson
    State
    Texas
    Longitude
    -96.921073
    Latitude
    33.544811

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    FAQs

    What type of property is this?
    Farm - Stunning 15-acre estate with modern luxury and functional utility.
    Where is this farm located?
    The property is located at 1024 Jordan Creek Road Collinsville, TX.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: 15‑acre estate with Wildlife Exemption for low taxes.; Main residence featuring a **gourmet kitchen (upgraded in 2025)**, rock fireplace, 10’ and vaulted ceilings, and custom 8’ doors.; Separate 2 Bed, 2 Bath guest house ideal for multi‑generational living or accommodating guests.
    (940) 484-9411
    We can help!
    Listing Contact
    Tabatha Polley
    Tabatha Polley
    Real Estate License ID: 0600097
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    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.

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