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

    11193 Cr-496 Princeton, TX 75407

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,023,750

    Land available in Princeton, Texas.

    Type:Land
    Added:
    Mar 14, 2026
    Days on Market:
    38
    Last Refresh:
    Mar 16 at 8:22 am

    Property Features for 11193 Cr-496

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Bruce Carr
    Bruce Carr

    Listing agent Bruce Carr License #0693884

    Listing office BWCarr Realty

    Listing date Mar 14, 2026

    Source Evrealestate

    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 BWCarr Realty

    Overview

    Land in Princeton, Texas

    The property is located approximately 2 miles east of Monte Carlo, Texas. From Princeton, take Monte Carlo East, which becomes FM 1377. Turn right onto CR 493 just as FM 1377 curves sharply left. Dakota Trail is 0.3 miles on the right. Follow Dakota Trail around to the right for approximately 0.4 miles; the property is on the left.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Big Box & Wholesale Store Food Market Storage Facility Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.4461368
    Latitude
    33.1875826

    Nearby Similar for Sale

    • $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
    • $994,200
      3,637 SF

      Princeton Farmhouse with Workshop Barn

      Spacious home, apartment, workshop, and barns on 5 acres.
      10899 County Road 496, 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
    • $324,995

      Princeton RV Park for Sale

      Well-maintained RV park near Lake Lavon, a turnkey investment.
      6852 Fm 546, 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
    • $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
    • $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
    • $1,999,999

      Prime Princeton Retail Opportunity

      Two buildings on 1.09 acres with high traffic visibility.
      409 E Princeton Drive, 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
    • $2,200,000
      18,244 SF

      Versatile Commercial Property in Princeton, TX

      18,244 sq ft commercial property with office and industrial space.
      524 E Hazelwood Street, Princeton, TX 75407
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Princeton, Texas.
    Where is this land located?
    The property is located at 11193 Cr-496 Princeton, TX.
    What is the asking price?
    The asking price for this property is $1,023,750.
    What are key features of this property?
    This property features: Location in Collin County; Located off FM 1377 near CR 493; Address can be found using Google Maps code 5HQ2+6WW Princeton, Texas
    (214) 770-6954
    We can help!
    Listing Contact
    Bruce Carr
    Bruce Carr
    Real Estate License ID: 0693884
    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!