Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Collinsville, TX Title is generated by Realmo AI

    310 W Hughes Street, Collinsville, TX 76233

    View on Map
    Claim this Listing
    For Sale
    $500,000

    LAND - Collinsville, TX

    Lot size:
    1.80 Acres
    Added:
    May 25, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 310 W Hughes Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    139200
    Lot size
    1.80 Acres

    Taxes and HOA fees

    Tax Description
    G-0989 QUILLEN CHARLES A-G0989, ACRES 3.574
    Tax Annual Amount
    5534

    Building Details

    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Steve Ritchey
    Steve Ritchey

    Listing agent Steve Ritchey License #0605106

    Listing office Ritchey Real Estate Group TX

    Listing date May 25, 2026

    MLS# 21280629 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

    • Approximately 1.8 acres of residential land.
    • Located inside city limits.
    • Close to downtown Collinsville.
    • Direct access via White Alley Street.
    • Includes a stable/barn.
    • Property is fenced.

    Overview

    This property features approximately 1.8 acres of residential land within the city limits of Collinsville, Texas. The actual acreage will be determined by a survey. It offers direct access via White Alley Street and is located close to downtown Collinsville. Intended use of the property is residential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Grayson
    State
    Texas
    Longitude
    -96.9134164
    Latitude
    33.5592391

    Nearby Similar for Sale

    • $1,620,272

      Development Land with Highway Access

      31-acre tract with city/ETJ mix and near-permitting engineering progress for a streamlined development path.
      1801 Us-377, Collinsville, TX 76233
      View Details
    • $400,000

      High-Visibility Commercial Land Tract

      A level tract with frontage on two major roads, offering strong exposure for future commercial development or investment.
      N Main Street, Collinsville, TX 76233
      View Details
    • $619,500

      Lakefront Agricultural Land with Pastures

      Waterfront acreage with improved coastal pastures and multiple building sites near recreational access on Lake Ray Roberts.
      Pop Noah Road, Collinsville, TX 76233
      View Details
    • $725,000

      Ranch Land with Custom Home Potential

      Open 22-acre parcel with water and power at the road, suited for cattle, horses, or a barndominium build.
      W Line Road, Collinsville, TX 76233
      View Details
    • $580,000

      Acreage with Home and Workshop

      Versatile North Texas acreage with a move-in-ready home, two-bay workshop with electricity, and pond access for flexible living plans.
      437 County Road 292, Collinsville, TX 76233
      View Details
    • $2,400,000

      62 Acres of Land in Collinsville

      62-acre tract with ponds and mature trees near Highway 377.
      Tract 1 Hog Town Road, Collinsville, TX 76233
      View Details
    • $2,900,000

      Gorgeous Land Near Lake Ray

      62.76 acres with mature oaks and three ponds near lake.
      Tract 2 Hog Town Road, Collinsville, TX 76233
      View Details

    FAQs

    What type of property is this?
    Land - 1.8 acres of residential land close to downtown Collinsville.
    Where is this land located?
    The property is located at 310 W Hughes Street Collinsville, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Approximately 1.8 acres of residential land.; Located inside city limits.; Close to downtown Collinsville.
    (903) 819-6739
    We can help!
    Listing Contact
    Steve Ritchey
    Steve Ritchey
    Real Estate License ID: 0605106
    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
    310 W Hughes Street, Collinsville, TX 76233
    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!