Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Princeton Land Opportunity For Sale Title is generated by Realmo AI

    7450 FM 982, Princeton, TX 75407

    View on Map
    Claim this Listing
    For Sale
    $1,925,000

    Improved Land - Princeton, TX

    Lot size:
    11.19 Acres
    Added:
    Jan 31, 2026
    Days on Market:
    100
    Last Refresh:
    May 11 at 3:06 am

    Property Features for 7450 FM 982

    General Information

    Property type
    Land
    Property subtype
    Other
    Patio and Porch features
    Patio, Porch
    Exterior features
    Courtyard, Covered Patio/Porch, Garden(s), Stable/Barn, Storage
    Standard status
    Active
    APN
    1195414
    Lot size
    11.19 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s), Stable(s), Storage

    We can help!

    Listing Contact
    Carrie Sieger

    Listing agent Carrie Sieger License #0700761

    Listing office ANGEL REALTORS 15280 Addison Rd., Addison, TX

    Listing date Jan 31, 2026

    MLS# 21167171 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

    • 11 acre site in Princeton, the 3rd fastest growing city in the U.S.
    • Previously operated as a wedding venue with existing structures: 2‑story single family home, large warehouse, underground pool, out buildings, and pavilion.
    • Completed site plans and engineering for a 96‑site tiny home and RV community included.
    • Flex use site plans for the front of the property are available.
    • Existing utilities: electricity, water, and on‑site septic.
    • Exterior features include courtyard, covered patio/porch, garden(s), stable/barn, and storage.

    Overview

    This 11.19-acre site in Princeton, Texas, previously operated as a wedding venue. It includes a two-story single-family home, a large warehouse, an underground pool, outbuildings, and a pavilion, set within a pasture and partially wooded area. Located outside city limits but within Princeton, the site benefits from the city's rapid growth, which includes over 25,000 completed and proposed single-family units. The property has existing utilities, including electricity, water, and on-site septic. Site plans have been obtained for proposed flex use at the front of the property, along with engineering for a 96-site tiny home and RV community. Completed plans and studies for the development are available. This property offers a unique opportunity to develop around an existing venue, with the option to utilize the venue or integrate its features into a new development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Accounting Firm Cosmetic Store Plumbing Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.5061278
    Latitude
    33.0665631

    Nearby Similar for Sale

    • $994,200
      3,637 SF

      Custom Home with Workshop Barn

      Magnificent home with apartment, barns, and acreage near Hwy 380.
      10899 County Road 496, Princeton, TX 75407
      View Details
    • $699,000

      Versatile Shop on 1.86 Acres

      1.86 acres with 3,200 sq ft shop near University Blvd.
      625 Simpson Road, Princeton, TX 75407
      View Details
    • $2,400,000

      Princeton Car Wash Business For Sale

      Car wash with self-service bays and in-bay automatic.
      317 W Princeton Drive, Princeton, TX 75407
      View Details
    • $550,000

      Princeton Commercial Property For Sale

      Commercial property in downtown Princeton, TX, suitable for various businesses.
      213 Mckinney Avenue, Princeton, TX 75407
      View Details
    • $998,000

      Princeton TX Quadruplex For Sale

      Built in 2018, each unit rents for $1465/month.
      508 E Hazelwood Street, Princeton, TX 75407
      View Details
    • $1,250,000

      10 Acres Land Near US 380

      10 acres of land near future US 380 Bypass.
      8592 Mckissick Meadows Road, Princeton, TX 75407
      View Details
    • $1,999,999

      Princeton Retail Opportunity on US 380

      Prime commercial real estate in booming Princeton, Texas, off US 380-E.
      409 E Princeton Drive, Princeton, TX 75407
      View Details
    • $750,000

      Princeton TX Commercial Corner Land

      High-visibility commercial corner in a rapidly growing area.
      4910-1 FM-546, Princeton, TX 75407
      View Details
    • $750,000

      Princeton TX Commercial Corner Lot

      High-visibility corner lot ready for immediate development in Princeton, TX.
      4910-1 Fm-546, Princeton, TX 75407
      View Details
    • $1,295,000
      2,872 SF

      Princeton Farmhouse on Scenic Acreage

      Modern farmhouse on 10.4 acres with pond and shop.
      11109 Dakota Trail, Princeton, TX 75407
      View Details
    • $625,000

      Prime Commercial Lot in Princeton

      Commercial corner lot with concrete slab in downtown Princeton, TX.
      529 N 4th Street, Princeton, TX 75407
      View Details
    • $1,023,750

      Prime Princeton Land Investment Opportunity

      13+ acres in rapidly growing Princeton, near Hwy 380.
      11193 Cr-496, Princeton, TX 75407
      View Details

    FAQs

    What type of property is this?
    Commercial land - 11 acre site with development potential in Princeton, TX.
    Where is this commercial land located?
    The property is located at 7450 FM 982 Princeton, TX.
    What is the asking price?
    The asking price for this property is $1,925,000.
    What are key features of this property?
    This property features: 11 acre site in Princeton, the 3rd fastest growing city in the U.S.; Previously operated as a wedding venue with existing structures: 2‑story single family home, large warehouse, underground pool, out buildings, and pavilion.; Completed site plans and engineering for a 96‑site tiny home and RV community included.
    (214) 382-2656
    We can help!
    Listing Contact
    Carrie Sieger
    Real Estate License ID: 0700761
    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

    Thank You for Inquiry
    7450 FM 982, Princeton, TX 75407
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!