Add Listing
    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

    55 Acres County Road 697 Farmersville, TX 75442

    View on Map
    Claim this Listing
    For Sale
    $4,162,050

    Unimproved Land - Farmersville, TX

    Type:Unimproved Land
    Lot size:
    55.49 Acres
    Added:
    Oct 9, 2025
    Days on Market:
    193
    Last Refresh:
    Apr 19 at 7:06 am

    Property Features for 55 Acres County Road 697

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    000000
    Lot size
    55.49 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Randal Shinn

    Listing agent Randal Shinn License #0568499

    Listing office Farmersville Real Estate Company 223 McKinney Street, Stuite B, Farmersville, TX

    Listing date Oct 9, 2025

    MLS# 21074113 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.

    Overview

    Land Near Planned Freeway Expansion

    Two parcels of land, one 7.846 acres and the other 47.648 acres, are available along County Road 697, near the planned 380 Freeway expansion. The location is less than a mile from the Collin County Outer Loop and minutes from McKinney, Greenville, and Rockwall. This area is situated in Collin County. TXDot has confirmed the expansion route. This presents an opportunity for investors.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Farmersville
    County
    Collin
    State
    Texas
    Longitude
    -96.322122
    Latitude
    33.155568

    Nearby Similar for Sale

    • $499,000

      Historic Farmersville Building with Potential

      Versatile building in historic downtown Farmersville suitable for various businesses.
      107 S Main Street, Farmersville, TX 75442
      View Details
    • $946,559

      Prime Corner Lot in Farmersville

      2.173 acre commercial lot in a high-traffic area.
      1806 Harvard Boulevard, Farmersville, TX 75442
      View Details
    • $375,000

      Historic Retail Building in Farmersville

      Charming historic retail property with endless potential in downtown Farmersville.
      104 Mckinney Street, Farmersville, TX 75442
      View Details
    • $325,000
      1,987 SF

      Farmhouse on Spacious Acres

      Charming farmhouse on 2 acres in Hunt County, Texas.
      3751 Fm 903, Farmersville, TX 75442
      View Details
    • $399,000

      Farmersville Land with Road Access

      Unimproved corner lot near Highway 380 in Farmersville, Texas.
      000 County Road 653, Farmersville, TX 75442
      View Details
    • $645,000

      Farmersville Land with Development Potential

      10-acre tract in Farmersville, TX with residential development flexibility.
      000 County Road 551, Farmersville, TX 75442
      View Details
    • $355,000

      9+ Acre Farmersville Land Parcel

      Versatile acreage ideal for residential, agricultural, or recreational use.
      988 County Road 655, Farmersville, TX 75442
      View Details
    • $1,400,000

      Versatile Farmersville Warehouse with Residential Component

      6.1+ acres with a 7,680 sq ft metal building.
      15105 County Road 558, Farmersville, TX 75442
      View Details
    • $335,000

      Land Parcel in Farmersville, TX

      8.162 acre land parcel in Farmersville, Texas for sale.
      2337 Old Josephine Road, Farmersville, TX 75442
      View Details
    • $320,000

      Farmersville Pastureland with Agricultural Exemption

      5.155 acres of open pastureland ideal for agricultural use.
      12626 Fm 2756, Farmersville, TX 75407
      View Details
    • $977,500
      3,142 SF

      Farmersville Farm/Ranch with Custom Home

      Custom home on 10+ acres near major roadways.
      5541 County Road 1130, Farmersville, TX 75442
      View Details
    • $1,290,000
      5,269 SF

      Farmersville Multi-Use Family Compound Estate

      13.77-acre estate with main residence, guest house, and outdoor amenities.
      1627 Fm 547, Farmersville, TX 75442
      View Details

    FAQs

    What type of property is this?
    Land - Two land parcels totaling 55.494 acres near planned expansion.
    Where is this land located?
    The property is located at 55 Acres County Road 697 Farmersville, TX.
    What is the asking price?
    The asking price for this property is $4,162,050.
    What are key features of this property?
    This property features: Located along the planned 380 Freeway expansion route.; Total of 55.494 acres of land (7.846 acres + 47.648 acres).; Less than a mile from the Collin County Outer Loop.
    (972) 784-6115
    We can help!
    Listing Contact
    Randal Shinn
    Real Estate License ID: 0568499
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!