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

    701 Meandering Way Fairview, TX 75069

    View on Map
    Claim this Listing
    For Sale
    $625,000

    Improved Land - Fairview, TX

    Lot size:
    1.00 Acre
    Added:
    Feb 25, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 18 at 8:06 am

    Property Features for 701 Meandering Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R1244000000301
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Hamida Rupani

    Listing agent Hamida Rupani License #0797171

    Listing office Compass RE Texas, LLC 2595 Dallas Parkway St 300, Dallas, TX

    Listing date Feb 25, 2026

    MLS# 21189892 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 For Sale Fairview, TX

    This property features one acre of improved land located in Fairview, Collin County, Texas. The property is located at 701 Meandering Way, Fairview, TX 75069.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Collin
    State
    Texas
    Longitude
    -96.6341335
    Latitude
    33.1464911

    Nearby Similar for Sale

    • $132,999

      Spacious Land in Sunset Mesa

      2.23 acre lot, build your dream home!
      112 Sunset Mesa Drive, New Fairview, TX 76078
      View Details
    • $2,599,942

      Fairview Retail-Office Development Opportunity

      2.4 acres retail-office site ready for development in Fairview, Texas.
      910 S State Highway 5 Highway, Fairview, TX 75069
      View Details
    • $625,000

      Fairview, TX Acreage Opportunity

      One acre of pastureland in Fairview, Collin County.
      711 Meandering Way, Fairview, TX 75069
      View Details
    • $5,400,000

      Fairview Land on Highway 5

      4.5 acres of commercial land on Hwy 5 in Fairview, TX.
      860 S State Highway 5, Fairview, TX 75069
      View Details
    • $4,500,000

      181+ Acres Ideal Development Site

      181.57 acres suitable for commercial or industrial development.
      2449 County Road 4421, New Fairview, TX 76078
      View Details
    • $650,000

      Fairview, TX: Acreage Homesite Opportunity

      Acreage homesite in Lovejoy ISD, build your dream home!
      211 Britton Court, Fairview, TX 75069
      View Details
    • $650,000

      Fairview, TX Acreage Homesite

      Acreage homesite in Lovejoy ISD, close to US 75 and 121.
      228 Britton Court, Fairview, TX 75069
      View Details
    • $600,000

      Fairview, TX Acreage Homesite

      A one-acre homesite in a new custom home community.
      258 Britton Court, Fairview, TX 75069
      View Details
    • Contact for pricing
      6 SF

      New Fairview Land Opportunity

      Expansive land in New Fairview, Texas, ideal for special ventures.
      139 CR 4713, New Fairview, TX 76076
      View Details
    • $625,000

      Land For Sale Fairview, TX

      Land available in Fairview, Texas.
      701 Meandering Way, Fairview, TX 75069
      View Details
    • $1,399,000

      Land For Sale Fairview, TX

      Land available for sale in Fairview, Texas.
      330 TX-5, Fairview, TX
      View Details
    • Contact for pricing
      121,810 SF

      Retail Space in Fairview Town

      Located in Fairview, Texas, a retail space for sale.
      201 Stacy Rd, Fairview, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - One acre of improved land for sale in Fairview, TX.
    Where is this commercial land located?
    The property is located at 701 Meandering Way Fairview, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Location: [-96.63165,33.14489]
    (469) 210-8288
    We can help!
    Listing Contact
    Hamida Rupani
    Real Estate License ID: 0797171
    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!