Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fairview, TX Acreage Homesite Title is generated by Realmo AI

    228 Britton Court, Fairview, TX 75069

    View on Map
    Claim this Listing
    For Sale
    $650,000

    Improved Land - Fairview, TX

    Lot size:
    1.01 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    257
    Last Refresh:
    May 22 at 4:06 pm

    Property Features for 228 Britton Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    2918148
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Expense value
    2000
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Alicia Bush

    Listing agent Alicia Bush License #0837304

    Listing office Fairview Development Inc. 3314 N Central Expwy Ste 100, Plano, TX

    Listing date Sep 8, 2025

    MLS# 20950631 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

    • Located in the highly desirable LOVEJOY ISD
    • Estate‑style homesites are over 1 acre each
    • Rare opportunity to build a custom home on a raw lot in Fairview
    • Convenient access to US 75 and 121 for easy commuting to DFW
    • Minimum home size of 4,500 sq ft protects long‑term investment
    • Features wooded countryside providing privacy and seclusion

    Overview

    Creekwood Estates is a new custom home community in Lovejoy ISD, featuring nine estate-style homesites, each over 1 acre. Located at the intersection of Stacy Road and Country Club Road, it provides access to US 75 and 121. The development is situated on 11 acres of wooded countryside. Homesites offer electricity with GCEC, city water, septic tanks, propane tanks, and fiber internet. Homes are required to meet architectural standards for quality and design, with a minimum size of 4,500 square feet. This provides an opportunity to design a custom home in a location that offers privacy and seclusion, while remaining close to amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fairview
    County
    Collin
    State
    Texas
    Longitude
    -96.5677
    Latitude
    33.2109

    Nearby Similar for Sale

    • $625,000

      Land For Sale Fairview, TX

      One acre of improved land for sale in Fairview, TX.
      701 Meandering Way, Fairview, TX 75069
      View Details
    • $132,999

      Spacious Land in Sunset Mesa

      2.23 acre lot, build your dream home!
      112 Sunset Mesa Drive, New Fairview, TX 76078
      View Details
    • $2,599,942

      Fairview Retail-Office Development Opportunity

      2.4 acres retail-office site ready for development in Fairview, Texas.
      910 S State Highway 5 Highway, Fairview, TX 75069
      View Details
    • $425,000

      Half-Acre Lot in Fairview, TX

      Half-acre lot to build your dream home in Fairview.
      791 N Country Club Road, Fairview, TX 75069
      View Details
    • $625,000

      Fairview, TX Acreage Opportunity

      One acre of pastureland in Fairview, Collin County.
      711 Meandering Way, Fairview, TX 75069
      View Details
    • $5,400,000

      Fairview Land on Highway 5

      4.5 acres of commercial land on Hwy 5 in Fairview, TX.
      860 S State Highway 5, Fairview, TX 75069
      View Details
    • $4,500,000

      181+ Acres Ideal Development Site

      181.57 acres suitable for commercial or industrial development.
      2449 County Road 4421, New Fairview, TX 76078
      View Details
    • $650,000

      Fairview, TX: Acreage Homesite Opportunity

      Acreage homesite in Lovejoy ISD, build your dream home!
      211 Britton Court, Fairview, TX 75069
      View Details
    • $600,000

      Fairview, TX Acreage Homesite

      A one-acre homesite in a new custom home community.
      258 Britton Court, Fairview, TX 75069
      View Details
    • $180,000

      Land in New Fairview, TX

      2.708 acres of land ready for development.
      Tbd Branding Iron Road, New Fairview, TX 76078
      View Details
    • Contact for pricing
      6 SF

      New Fairview Land Opportunity

      Expansive land in New Fairview, Texas, ideal for special ventures.
      139 CR 4713, New Fairview, TX 76076
      View Details
    • $625,000

      Land For Sale Fairview, TX

      Land available in Fairview, Texas.
      701 Meandering Way, Fairview, TX 75069
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Acreage homesite in Lovejoy ISD, close to US 75 and 121.
    Where is this residential land & home lot located?
    The property is located at 228 Britton Court Fairview, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Located in the highly desirable LOVEJOY ISD; Estate‑style homesites are over 1 acre each; Rare opportunity to build a custom home on a raw lot in Fairview
    (972) 422-2500
    We can help!
    Listing Contact
    Alicia Bush
    Real Estate License ID: 0837304
    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

    Thank You for Inquiry
    228 Britton Court, Fairview, TX 75069
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!