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

    7187 County Road 1037 Blue Ridge, TX 75424

    View on Map
    Claim this Listing
    For Sale
    $888,000

    Traditional, Farm/Ranch - Blue Ridge, TX

    Type:Farm
    Property size:
    2,300 SF
    Lot size:
    16.75 Acres
    Price / SF:
    $386/SF
    Added:
    Mar 11, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 25 at 6:06 am

    Property Features for 7187 County Road 1037

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Driveway
    Patio and Porch features
    Deck
    Interior features
    Double Vanity, High Speed Internet Available, Walk-in Closet(s)
    Exterior features
    Covered Deck, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Range, Range - Gas, Washer
    Standard status
    Active
    APN
    R630400510401
    Size
    2,300 SF
    Lot size
    16.75 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1996
    Floors in Building
    1
    Flooring type
    Carpet, Linoleum
    Building materials
    Unknown
    Roof type
    Composition
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Cheryl Smith

    Listing agent Cheryl Smith License #0197342

    Listing office Cheryl Rivera Smith 11660 Creek Point Drive, Frisco, TX

    Listing date Mar 11, 2026

    MLS# 21204390 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

    Blue Ridge Farm/Ranch Opportunity

    This 16.753-acre property, located north of Princeton and southwest of Blue Ridge, Texas, presents an opportunity for investors or developers. The land includes an old barn, two sheds, and a double-wide manufactured home. The property is fenced and currently used for hay production, benefiting from an agricultural exemption that results in low property taxes. The location, south of Highway 121 and north of Highway 380, is near County Road 500. The property's proximity to existing subdivisions suggests potential for future growth and appreciation. The old barn on the property could be salvaged or rebuilt.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Blue Ridge
    County
    Collin
    State
    Texas
    Longitude
    -96.4732439
    Latitude
    33.2821149

    Nearby Similar for Sale

    • $649,942
      2,109 SF

      Blue Ridge Ranch with Stocked Lake

      9+ acre ranch featuring a stocked lake and multiple workshops.
      8511 State Highway 78 N, Blue Ridge, TX 75424
      View Details
    • $2,320,000

      Blue Ridge Warehouse Investment Opportunity

      Fenced and gated warehouse shops with highway frontage and rental income.
      15602 State Highway 160, Blue Ridge, TX 75424
      View Details
    • $1,199,000
      3,380 SF

      Equestrian Estate on 17 Acres

      Equestrian property with barns, arenas, and renovated residences.
      16283 County Road 1004, Blue Ridge, TX 75424
      View Details
    • $1,200,000
      2,900 SF

      Ranch Home on 15 Acres

      Thoughtfully designed ranch home on 15 acres in Blue Ridge.
      579 County Road 5005, Blue Ridge, TX 75424
      View Details
    • $1,299,000
      4,139 SF

      Sprawling Ranch with Development Potential

      15+ acre property with main home, barndominium, and additional structures.
      8505 County Road 500, Blue Ridge, TX 75424
      View Details
    • $289,000
      1,680 SF

      Blue Ridge Modern Farmhouse

      1.512-acre property with modern farmhouse in Blue Ridge, Texas.
      7466 County Road 573, Blue Ridge, TX 75424
      View Details
    • $4,054,800
      2,526 SF

      Blue Ridge Ranch with Equestrian Arena

      100-acre Blue Ridge ranch with custom home and equestrian facilities.
      2525 Private Road 6040, Blue Ridge, TX 75424
      View Details
    • Contact for pricing

      Blue Ridge Farm Land Opportunity

      Rolling acreage with pasture, pond, and updated farm improvements.
      15674 FM 981, Blue Ridge, TX 75424
      View Details

    FAQs

    What type of property is this?
    Farm - Picturesque 16.753-acre property with income potential in growing area.
    Where is this farm located?
    The property is located at 7187 County Road 1037 Blue Ridge, TX.
    What is the asking price?
    The asking price for this property is $888,000.
    What are key features of this property?
    This property features: Significant Price Reduction: Reduced by $100,000, a compelling financial opportunity.; Investment/Development Potential: Suited for investors or developers, located near subdivisions with future growth prospects.; Low Property Taxes due to agricultural exemption.
    (214) 669-0606
    We can help!
    Listing Contact
    Cheryl Smith
    Real Estate License ID: 0197342
    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!