Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2595 Fm 982 Princeton, TX 75407

    Sponsored
    For Sale
    $1,950,000

    Unimproved Land - Princeton, TX

    Type:Unimproved Land
    Lot size:
    4.71 Acres
    Days on Market:
    52
    Last Refresh:
    Feb 24 at 5:06 pm

    Property Features for 2595 Fm 982

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Property condition
    New Construction
    Standard status
    Active
    APN
    R689000126301
    Lot size
    4.71 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steven McCoy

    McCoy Realty (469) 389-2724

    Listing agent Steven McCoy (214) 793-2031 License #0571789

    Listing date Jan 4, 2026

    MLS# 21143937 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

    Unrestricted Land in Princeton, TX

    This property features 4.713 acres of unrestricted land located in the rapidly growing area of Princeton, TX. The site is suitable for various commercial developments, including a shopping center, gas station, neighborhood commercial space, or other retail ventures. Alternative uses could include a storage facility or RV park, or even an apartment complex. The property is located within the county and benefits from the extensive development occurring in the surrounding area. Princeton is recognized as the third fastest-growing city in the U.S., with thousands of new homesites either already built, under construction, or planned nearby. Developers such as Lennar and DR Horton are actively building in the vicinity. The seller is open to considering a ground lease for the right user. A mobile home is currently situated on the property, offering immediate potential for use as office space, or it can be removed by the seller upon sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.490486
    Latitude
    33.139722

    Nearby Similar for Sale

    • $1,200,000
      3,637 SF

      Princeton Farmhouse with Workshop and Apartment

      Spacious home with apartment, workshop, barns, and acreage near future bypass.
      10899 County Road 496, Princeton, TX 75407
      View Details
    • $2,200,000
      18,244 SF

      Versatile Commercial Property in Princeton, TX

      18,244 sq ft commercial property with office and industrial space.
      524 E Hazelwood St, Princeton, TX 75407
      View Details
    • $255,550
      0.11 Acres

      Multiple Leased Single Units

      Charming leased single-family units with community amenities in Princeton, Texas.
      612 Dashwood Dr, Princeton, TX 75407
      View Details
    • $2,400,000
      0.76 Acres

      Princeton Car Wash Business For Sale

      Car wash with self-service bays and in-bay automatic.
      317 W Princeton Dr, Princeton, TX 75407
      View Details
    • New
      $333,995
      0.68 Acres

      RV Park Near Lake Lavon

      Well-maintained RV park near Lake Lavon with full hookups.
      6852 Farm To Market 546, Princeton, TX 75407
      View Details
    • New
      $333,995
      0.68 Acres

      Princeton RV Park for Sale

      Well-maintained RV park near Lake Lavon with full hookups.
      6852 Fm 546, Princeton, TX 75407
      View Details
    • $489,800
      0.17 Acres

      Princeton Duplex: Investor Opportunity

      Well-kept duplex in rapidly growing Princeton, TX. Great investment!
      821-823 E College Ave, Princeton, TX 75407
      View Details
    • $2,860,000
      0.42 Acres

      Princeton Duplexes Investment Opportunity

      Eleven-unit duplex portfolio in Princeton, Texas, near Highway 380.
      813 E College St, Princeton, TX 75407
      View Details
    • $538,821
      3,420 SF

      Princeton Duplex Investment Opportunity

      Two adjacent duplexes in Princeton, TX, ideal for investors.
      706 E College Ave, Princeton, TX 75407
      View Details
    • $515,819
      1,637 SF

      Princeton Duplex Investment Opportunity

      Two adjacent duplexes in Princeton, TX, ideal for investors.
      721 E College Ave, Princeton, TX 75407
      View Details
    • $508,571
      1,614 SF

      Princeton Duplex Investment Opportunity

      Two adjacent duplexes in Princeton, TX, ideal for investors.
      813 E College Ave, Princeton, TX 75407
      View Details
    • Contact for pricing
      111,560 SF

      Assisted Living Facility with Medical Office

      164-unit assisted living facility with medical office in Princeton, TX.
      820 E Princeton Dr, Princeton, TX 75407
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.7 acres of unrestricted land ideal for commercial development.
    Where is this commercial land located?
    The property is located at 2595 Fm 982 Princeton, TX.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - 4.7 Acres of UNRESTRICTED County Land; - Located in Princeton TX, the 3rd Fastest Growing City in the U.S.; - Ideal for Shopping Center, Gas Station, Retail, Storage, RV Park, or Apartment Complex
    (469) 389-2724
    Request Owner's contact information
    2595 Fm 982 Princeton, TX 75407
    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.
    2595 Fm 982
    Princeton, TX 75407
    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
    2595 Fm 982 Princeton, TX 75407
    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

    We can help!
    Listing Contact
    Steven McCoy
    Real Estate License ID: 0571789
    (469) 389-2724 (214) 793-2031
    Learn more
    Google sign-in failed. Please try again or use another login method.