Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Gated 15-Acre Farmland Estate Title is generated by Realmo AI

    1024 Jordan Creek Road, Collinsville, TX 76233

    View on Map
    Claim this Listing
    For Sale
    $1,249,000

    A gated 15-acre property with a stocked pond, insulated workshop, and two residences for flexible living arrangements.

    Type:Farm
    Property size:
    2,800 SF
    Lot size:
    15.00 Acres
    Price / SF:
    $446/SF
    Added:
    Apr 8, 2026
    Days on Market:
    59
    Last Refresh:
    Jun 5 at 2:13 am

    Property Features for 1024 Jordan Creek Road

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Lot size
    15.00 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    2015

    We can help!

    Listing Contact
    Tabatha Polley
    Tabatha Polley

    Listing agent Tabatha Polley License #0600097

    Listing office KELLER WILLIAMS REALTY

    Listing date Apr 8, 2026

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY

    HighLights

    • 15‑acre gated property with a stocked pond and Wildlife Exemption in place
    • Main residence built in 2015 offering 4 bedrooms, 2 full baths, and 1 half bath
    • Second fully independent residence with 2 bedrooms and 2 full baths for guests or multi‑generational living
    • Massive screened back porch added in 2024, with a wood‑burning fireplace
    • 40' x 40' insulated workshop with a game room, office, and half bath
    • Central air with electric heat pump; 5‑carport parking; metal roof; fenced yard with exterior storage and rain gutters

    Overview

    This gated 15-acre estate combines farmland acreage with multiple improvements for practical day-to-day use. The main residence offers 4 bedrooms, 2 full baths, and 1 half bath, with 10’ and vaulted ceilings, hickory cabinetry, and custom 8’ doors. It includes a rock fireplace and a gourmet kitchen upgraded in 2025 with new double ovens and a gas cooktop. Outdoor living is anchored by a screened back porch added in 2024, featuring its own wood-burning fireplace. A fully independent 2-bedroom, 2-bath home provides a separate option for guests or multi-generational living. The property also includes a 40’ x 40’ insulated workshop that contains a game room, office, and half bath. A stocked pond and gated entrance round out the setting.

    Located at 1024 Jordan Creek Road in Collinsville, TX 76233, the estate is already set up for privacy and controlled access. A Wildlife Exemption is already in place, which supports reduced property taxes.

    For buyers seeking an acreage property that supports more than one living arrangement, this layout provides a main home, a separate residence, and a dedicated insulated workshop with built-in workspace and recreation. The combination of screened outdoor space, workshop utility, and a stocked pond can fit a range of lifestyles while keeping the property’s rural character intact.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store HVAC Service Garden Center Discount Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Grayson
    State
    Texas
    Longitude
    -96.9210596
    Latitude
    33.5449596

    Nearby Similar for Sale

    • $1,620,272

      Development Land with Highway Access

      31-acre tract with city/ETJ mix and near-permitting engineering progress for a streamlined development path.
      1801 Us-377, Collinsville, TX 76233
      View Details
    • $400,000

      High-Visibility Commercial Land Tract

      A level tract with frontage on two major roads, offering strong exposure for future commercial development or investment.
      N Main Street, Collinsville, TX 76233
      View Details
    • $619,500

      Lakefront Agricultural Land with Pastures

      Waterfront acreage with improved coastal pastures and multiple building sites near recreational access on Lake Ray Roberts.
      Pop Noah Road, Collinsville, TX 76233
      View Details
    • $725,000

      Ranch Land with Custom Home Potential

      Open 22-acre parcel with water and power at the road, suited for cattle, horses, or a barndominium build.
      W Line Road, Collinsville, TX 76233
      View Details
    • $500,000

      Residential Land in Collinsville, TX

      1.8 acres of residential land close to downtown Collinsville.
      310 W Hughes Street, Collinsville, TX 76233
      View Details
    • $580,000

      Acreage with Home and Workshop

      Versatile North Texas acreage with a move-in-ready home, two-bay workshop with electricity, and pond access for flexible living plans.
      437 County Road 292, Collinsville, TX 76233
      View Details
    • $1,799,000

      Luxury Ranch Retreat Land

      Secluded, fully fenced ranch land with a pond, elevated homesites, and on-site utilities for estate or retreat use.
      3647 COUNTY ROAD 265, Collinsville, TX 76233
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - A gated 15-acre property with a stocked pond, insulated workshop, and two residences for flexible living arrangements.
    Where is this agricultural land / farmland located?
    The property is located at 1024 Jordan Creek Road Collinsville, TX.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: 15‑acre gated property with a stocked pond and Wildlife Exemption in place; Main residence built in 2015 offering 4 bedrooms, 2 full baths, and 1 half bath; Second fully independent residence with 2 bedrooms and 2 full baths for guests or multi‑generational living
    (940) 365-7600
    We can help!
    Listing Contact
    Tabatha Polley
    Tabatha Polley
    Real Estate License ID: 0600097
    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
    1024 Jordan Creek Road, Collinsville, TX 76233
    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!