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    1717-1/2 Batey Rd Collinsville, TX 76233

    Sponsored
    For Sale
    $2,499,900

    Traditional, Farm/Ranch - Collinsville, TX

    Type:Farm
    Property size:
    3,967 SF
    Lot size:
    38.34 Acres
    Days on Market:
    18
    Last Refresh:
    Feb 2 at 8:06 pm

    Property Features for 1717-1/2 Batey Rd

    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
    Bedrooms
    3
    Bathrooms
    4
    APN
    202074
    Parking features
    Carport, Garage, Gated, Other, RV
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Decorative Lighting, Granite Counters, High Speed Internet Available, In-law Suite Floorplan, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-in Closet(s), Wet Bar, Second Primary Bedroom
    Exterior features
    Covered Patio/Porch, Rain Gutters, Lighting, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Garbage Disposer, Microwave, Oven - Double, Washer
    Size
    3,967 SF
    Lot size
    38.34 Acres

    Utilities

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

    Building Details

    Year built
    1999
    Floors in Building
    1
    Flooring type
    Other, Tile, Tile - Ceramic
    Building materials
    Brick, Stone
    Roof type
    Composition, Metal
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Anna Finkenbinder

    Lake & Country Realty, LLC (903) 267-2218

    Listing agent Anna Finkenbinder (940) 580-2240 License #0628877

    Listing date Jan 16, 2026

    MLS# 21155496 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

    Turnkey Horse Property in Collinsville

    Located in Collinsville, TX, this turnkey horse property spans approximately 38.34 acres. The equestrian estate features multiple homes, extensive horse facilities, and a functional layout suitable for various horse operations. The main home, remodeled six years ago with updates in 2024 including a new roof and windows, offers 3,967 square feet of living space, including 3 bedrooms, 3 full bathrooms, a half bath, an updated kitchen, and spacious living areas. The backyard includes a pool, patio, and a separate pool house with a full bath and living area. Horse facilities include a 70x120 covered riding arena, a large outdoor arena, and two barns providing a total of 24 stalls. The show barn contains 14 stalls, 2 tack rooms, and an office, while the mare barn offers 11 stalls with 5 turnouts. Additional structures include a 38x60 shop and 12x38 hay storage. The property also features multiple paddocks, fenced and cross-fenced pastures, ample trailer parking, and three ponds. Gated entrances and well-planned infrastructure enhance the property's functionality. An updated apartment is attached to the barn, and an optional tiny home is available for purchase to provide expanded living or guest accommodations. The property is located in a sought-after area with convenient access to major equine facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Grayson
    State
    Texas
    Longitude
    -96.873058
    Latitude
    33.57811094

    Nearby Similar for Sale

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    • New
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    • $2,112,500
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    • New
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      Fenced acreage ideal for livestock, recreation, or investment.
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    FAQs

    What type of property is this?
    Horse & equestrian property - Equestrian estate on 38.34 acres with extensive horse facilities.
    Where is this horse & equestrian property located?
    The property is located at 1717-1/2 Batey Rd Collinsville, TX.
    What is the asking price?
    The asking price for this property is $2,499,900.
    What are key features of this property?
    This property features: - Turnkey equestrian estate on approximately 38.34 acres in Collinsville, TX, Horse Country USA.; - Extensive horse facilities: **70x120 covered riding arena**, large outdoor arena, two barns with 24 stalls (14 in show barn, 11 in mare barn).; - Main home (3,967 sq ft) fully remodeled six years ago with recent updates (2024): new windows and roof.
    (940) 580-2240
    Request Owner's contact information
    1717-1/2 Batey Rd Collinsville, TX 76233
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    Collinsville, TX 76233
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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
    1717-1/2 Batey Rd Collinsville, TX 76233
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    We can help!
    Listing Contact
    Anna Finkenbinder
    Real Estate License ID: 0628877
    (940) 580-2240
    Learn more
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