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    The Largest CRE Database in the US with Over 1 Million Listings

    10899 County Road 496 Princeton, TX 75407

    Sponsored
    For Sale
    $1,350,000

    Farm/Ranch - Princeton, TX

    Type:Farm
    Property size:
    3,637 SF
    Lot size:
    5.00 Acres
    Days on Market:
    30
    Last Refresh:
    Jan 27 at 1:06 pm

    Property Features for 10899 County Road 496

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    2687007
    Interior features
    Built-in Features, Kitchen Island, Pantry
    Fireplace
    1
    Appliances
    Range, Range - Gas
    Size
    3,637 SF
    Lot size
    5.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2008
    Floors in Building
    2
    Flooring type
    Hardwood
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Christopher Wiesinger

    Christopher Wiesinger (214) 683-0567

    Listing agent Christopher Wiesinger (903) 594-4848 License #0624514

    Listing date Dec 29, 2025

    MLS# 21130306 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

    Princeton Farmhouse with Workshop Barn

    This property features a house, shop, garage apartment, and 5 acres. The total land area is 17+ acres, and the buyer is willing to sell more or less acreage at a price that varies. The gated drive leads to a 3,637 square foot home and apartment. The main house offers 3 beds and 2.5 baths in 3,037 square feet, while the detached 600 square foot efficiency apartment includes its own bedroom and full bath with a new window unit. The house has a new roof installed in 2022, and features tile and hand-scraped oak floors throughout. The downstairs primary bedroom includes a walk-in closet, private porch access, and a bath with a soaking tub, walk-in glass shower, dual sinks, and a separate toilet room. A private patio offers views of the playground and vegetable garden across the hay meadow. An office or greeting room is located to the right of the front door entry, with a formal dining room to the left. The grand living room features tall ceilings, large windows, hardwood floors, and a gas fireplace. Upstairs are two bedrooms, a full bath, and a large bonus room. Two tankless water heaters serve the home. The spacious kitchen includes a large island with a trash compactor, warming drawer, and prep sink, plus a gas range, built-in microwave, and deep sink. A bright breakfast nook sits nearby. There is a pantry, laundry room, and three-car garage with a cubby system. The 30' x 50' workshop barn offers a roll-up door, loft, rubber gym floor, gas heater, and washer dryer hookups, with interior access to the efficiency apartment. A second 30' x 50' barn sits on the north side near a pond that has never gone dry. Located in the Princeton ETJ on Verona Water, the property is also 2 miles from the future 380 bypass. Princeton is among the nation’s fastest-growing cities, with nearby local markets, major road expansions, and new commercial flights out of McKinney. More land is available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Wholesale Shop Hotel & Motel Food Market Storage Facility Bed & Breakfast Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.450612
    Latitude
    33.194933

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    FAQs

    What type of property is this?
    Farm - Spacious home, apartment, workshop, and barns on five acres.
    Where is this farm located?
    The property is located at 10899 County Road 496 Princeton, TX.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - House, shop, garage apartment, and 5 acres included, with the option to purchase more or less of the 17+ acre total land.; - Main house (3,037 SF, 3 bed, 2.5 bath) plus detached efficiency apartment (600 SF, 1 bed, 1 bath) with new window unit.; - 30' x 50' workshop barn with roll-up door, loft, rubber gym floor, gas heater, and washer/dryer hookups, plus a second 30' x 50' barn and a pond that has never gone dry.
    (903) 594-4848
    Request Owner's contact information
    10899 County Road 496 Princeton, TX 75407
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    Princeton, TX 75407
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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.

    More about this property
    10899 County Road 496 Princeton, TX 75407
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    We can help!
    Listing Contact
    Christopher Wiesinger
    Real Estate License ID: 0624514
    (903) 594-4848
    Learn more
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