500 N State Highway 5 N Blue Ridge, TX 75424
LAND - Blue Ridge, TX
Property Features for 500 N State Highway 5 N
General Information
- Property type
- Land
- Property subtype
- Other
- Vegetation
- Grassed
- Standard status
- Active
- APN
- R655700212701
- Lot size
- 1.01 Acres
Taxes and HOA fees
- Tax Description
- ABS A0557 M MOWERY SURVEY, SHEET 2, TRACT 127
- Tax Annual Amount
- 3128
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1987
- Additional Structures
- Garage(s)
Listing agent Jared English License #BR569813000 (866) 599-5601
Listing office Congress Realty, Inc. Austin, TX (888) 881-4118
Listing date Jul 12, 2026
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.
Investment Insights
Based on property information with market context.
The property is located in Blue Ridge, Collin County, with easy access to State Highway 78 and nearby connections including U.S. Highway 380, U.S. Highway 75, and SH 121. The remarks indicate the lot is residentially zoned but positioned for rezoning to commercial use.
The seller notes the house has little or no contributory value and that the primary value is in the land, highway frontage, and the shop/office building. The home area is under video surveillance.
Key Highlights
- 1.01‑acre corner lot with high‑visibility frontage along State Highway 78 in Collin County (no HOA).
- Rear street access provides additional ingress/egress.
- City water, public sewer, and electric are already on site.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $21.96 |
| − Vacancy | −$7.0k | −$5.05 |
| EGI | $23.3k | $16.91 |
| − OpEx | −$5.8k | −$4.23 |
| NOI | $17.5k | $12.68 |
