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

    2553 S State Highway 78 Farmersville, TX 75442

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    16.2 acres available for development in Farmersville, Texas.

    Lot size:
    16.30 Acres

    Property Features for 2553 S State Highway 78

    General Information

    Lot size
    16.30 Acres

    We can help!

    Listing Contact
    Max Knake
    Max Knake
    Source: Moodyscre

    Listing Agency: Knake Dodge & Company Listing Agent: Max Knake

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

    Learn more

    Property Insight Report

    Overview

    16.2 Acres For Development

    This property offers 16.2 acres available for development. Contact the broker for further details regarding this opportunity in Farmersville, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Spa & Massage Center Auto Repair Shop Gym & Fitness Center Department Store Storage Facility Skin Care Clinic Bar & Pub Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmersville
    County
    Collin
    State
    Texas
    Longitude
    -96.407385
    Latitude
    33.120438

    Nearby Similar for Sale

    • $375,000
      0.05 Acres

      Historic Retail Building in Farmersville

      Charming historic retail property with endless potential in downtown Farmersville.
      104 Mckinney St, Farmersville, TX 75442
      View Details
    • $325,000
      1,987 SF

      Farmhouse on Spacious Acres

      Charming farmhouse on 2 acres in Hunt County, Texas.
      3751 Fm 903, Farmersville, TX 75442
      View Details
    • $977,500
      3,142 SF

      Farmersville Farm/Ranch with Custom Home

      Custom home on 10+ acres near major roadways.
      5541 County Road 1130, Farmersville, TX 75442
      View Details
    • $1,149,000
      32.90 Acres

      Collin County Ranch Land Opportunity

      32.9 acres of fenced Texas ranch land with pond.
      3201 Fm 2194, Farmersville, TX 75442
      View Details
    • $1,290,000
      5,269 SF

      Farmersville Multi-Use Estate with Acreage

      13.77-acre estate with main residence, guest house, and barn.
      1627 Fm 547, Farmersville, TX 75442
      View Details
    • $999,999
      51.00 Acres

      51-Acre Ranch in Farmersville, TX

      Expansive 51-acre property ideal for a custom farmhouse or estate.
      Tbd County Rd 623, Farmersville, TX 75442
      View Details
    • $320,000
      10.32 Acres

      Land in Farmersville, Texas

      10.32 acres of land in Farmersville, Texas.
      10 Lemonade Ln, Farmersville, TX 75442
      View Details
    • $575,000

      Historic Farmersville Building with Potential

      Versatile historic building in downtown Farmersville suitable for various businesses.
      107 S Main St, Farmersville, TX 75442
      View Details
    • $3,199,000

      Farmersville Retail Property For Sale

      Retail property available for purchase in Farmersville, Texas.
      712 S State Highway 78, Farmersville, TX 75442
      View Details
    • $250,000
      Pending

      Unrestricted Land with Pond & Barn

      4 acres with pond, manufactured home, and versatile pole barn.
      5490 Silk Stocking Rd, Farmersville, TX 75442
      View Details
    • $600,000
      3,750 SF

      Downtown Farmersville Retail Gem

      Historic building, dual storefront potential.
      107 Main St, Farmersville, TX 75442
      View Details
    • $725,000
      2,184 SF

      Downtown Farmersville Retail Gem

      Prime corner lot, historic district, 2,184 sq ft.
      100 Mckinney St, Farmersville, TX 75442
      View Details

    FAQs

    What type of property is this?
    Land - 16.2 acres available for development in Farmersville, Texas.
    Where is this land located?
    The property is located at 2553 S State Highway 78 Farmersville, TX.
    What are key features of this property?
    This property features: - 16.2 acres available for development; - Contact broker for more details
    (972) 244-3502 Call to check price and availability
    Request Owner's contact information
    2553 S State Highway 78 Farmersville, TX 75442
    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.
    2553 S State Highway 78
    Farmersville, TX 75442
    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
    2553 S State Highway 78 Farmersville, TX 75442
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Max Knake
    Max Knake
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!