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    Other Agricultural Land with Workshop Title is generated by Realmo AI

    2377 FM 36 N, Farmersville, TX 75442

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    Claim this Listing
    For Sale
    $1,600,000

    LAND - Other - Farmersville, TX

    Property size:
    1,500 SF
    Lot size:
    68.52 Acres
    Price / SF:
    $1,066/SF
    Added:
    Apr 19, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 2377 FM 36 N

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Boat, RV
    Vegetation
    Wooded, Grassed, Brush
    Exterior features
    RvHookup
    Standard status
    Active
    APN
    230271
    Lot size
    68.52 Acres

    Taxes and HOA fees

    Tax Description
    A0404 HUNT THOMAS, TRACT B55-13, ACRES 63.922
    Tax Annual Amount
    547

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Travis Hunt
    Travis Hunt

    Listing agent Travis Hunt License #0746164

    Listing office Texan Team Celeste, TX

    Listing date Apr 19, 2026

    MLS# 21230508 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

    • 68.52+/- acres AG exempt land in Hunt County near Farmersville, TX with pasture and mature trees.
    • Established pond plus a seasonal creek along the north boundary, supporting livestock and wildlife.
    • 30x50 workshop with electric, AC/heat, water, and spray foam insulated walls, including bathrooms, bedrooms, and a loft.
    • Covered RV setup (~29 ft peak) plus 3 additional 50 amp RV plugs; RV hookup included.
    • Unincorporated tract with no HOA and no city taxes; 6‑inch water line at the road.
    • Near FM 36 and FM 2194 with proximity to Hwy 380 and the future Collin County Outer Loop.

    Overview

    This AG-exempt agricultural tract offers a blend of pasture and mature trees, with an established pond and a seasonal creek along the north boundary. Improvements include a 30x50 workshop with electric, AC, and heat, plus covered RV setup (about 29 ft peak) and additional 50-amp RV plugs. The workshop includes spray foam insulated walls and features such as bathrooms, bedrooms, and a loft, supporting immediate use while the property’s existing 6-inch water line at the road adds development flexibility.

    Located in Hunt County near Farmersville, the property sits about 4 miles north of US Highway 380 and the future 380 bypass, and roughly 3 miles west of the planned Collin County Outer Loop. It is near the FM 36 and FM 2194 intersection, with estimated traffic counts up to 3,500 vehicles daily. The setting remains rural and unincorporated, with no HOA and no city taxes, while providing convenient access to nearby communities.

    The layout and utilities make this tract a practical fit for buyers seeking a ranch or livestock-oriented property, as well as those looking to build a barndominium, homestead, or long-term recreational retreat. The combination of water features, workable soils, and existing improvements supports both present-day enjoyment and future use, with the location positioned for North Texas growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heaven’s Seven Ranch Ranch

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmersville
    County
    Collin
    State
    Texas
    Longitude
    -96.288003
    Latitude
    33.21723

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - A 68+ acre AG-exempt tract with an established pond, seasonal creek, and power-ready workshop for long-term rural and recreation use.
    Where is this agricultural land / farmland located?
    The property is located at 2377 FM 36 N Farmersville, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 68.52+/- acres AG exempt land in Hunt County near Farmersville, TX with pasture and mature trees.; Established pond plus a seasonal creek along the north boundary, supporting livestock and wildlife.; 30x50 workshop with electric, AC/heat, water, and spray foam insulated walls, including bathrooms, bedrooms, and a loft.
    (903) 222-3478
    We can help!
    Listing Contact
    Travis Hunt
    Travis Hunt
    Real Estate License ID: 0746164
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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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