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    Development Land with Ponds Title is generated by Realmo AI

    TBD 36 County Road 670, Blue Ridge, TX 75424

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    Claim this Listing
    For Sale
    $897,000

    LAND - Blue Ridge, TX

    Lot size:
    36.50 Acres
    Added:
    May 8, 2026
    Days on Market:
    29
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for TBD 36 County Road 670

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R616300205501
    Lot size
    36.50 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0163 Benjamin Clark Survey Sheet 2 Tract 52

    We can help!

    Listing Contact
    Tonya Mercer

    Listing agent Tonya Mercer License #0533818

    Listing office Texan Realtor Group LLC Farmersville, TX

    Listing date May 8, 2026

    MLS# 20858602 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

    • 36+ acres in North Collin County, just east of Blue Ridge, TX
    • No flood plain reported
    • Three ponds on the property
    • Water and electricity available at the road
    • Outer Loop planned nearby in a few years, per listing remarks

    Overview

    This offering presents prime 36+ acres of raw land with rolling countryside character and three ponds on site. The property is described as having no flood plain, which can be an important consideration when planning future improvements or long-term use. With water and electricity available at the road, the site offers a practical foundation for phased development, a private ranch setting, or a long-hold investment strategy.

    The property is located just east of Blue Ridge in Collin County, positioned to benefit from continued regional growth. Public remarks also note that the upcoming Outer Loop will be nearby in a few years, which may enhance access and support long-term value. Utilities are available at the road, helping streamline early planning for service connections.

    From a buyer’s perspective, this land is well suited for those seeking usable acreage with natural amenities and utilities already brought to the roadway. Potential uses described in the remarks include development, a private ranch, or a long-term investment. The combination of open space, pond features, and no flood plain language makes it a compelling option for an owner who wants flexibility to shape the property around a specific development or ownership plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Dental Office Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ridge
    County
    Collin
    State
    Texas
    Longitude
    -96.339158
    Latitude
    33.307389

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    FAQs

    What type of property is this?
    Residential land & home lot - Expansive North Collin County acreage with three ponds and utilities available at the road for flexible development or investment.
    Where is this residential land & home lot located?
    The property is located at TBD 36 County Road 670 Blue Ridge, TX.
    What is the asking price?
    The asking price for this property is $897,000.
    What are key features of this property?
    This property features: 36+ acres in North Collin County, just east of Blue Ridge, TX; No flood plain reported; Three ponds on the property
    (972) 782-6331
    We can help!
    Listing Contact
    Tonya Mercer
    Real Estate License ID: 0533818
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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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