Utilities-Ready Residential
12343 county road 574, Farmersville, TX 75442
For Sale
$700,000
Land, Farmersville, TX
Property Size1,344 SF
Lot Size12.00 Acres
Price / SF$520.83
Days on Market162
Property Features for 12343 county road 574
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Utilities
Sewer type
Water source
Listing Agency:
Double Eight Properties
Listed By:
Jacqueline Nguyen · License TX #0491209
(469) 371-0888
Added: Jun 4
Changed: Sep 3
Last Checked: Nov 12 at 9:06AM
MLS# 20865201
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering is a 12-acre residential land parcel sold as-is. Public remarks indicate an approximate 1,344-square-foot mobile home was abandoned in 2009, and the owner has never occupied the property. Septic tanks are present. Utilities described include full utilities with electric service via a city electric provider, private water company service, and portable gas. No disclosures are available.
The property is located in Farmersville, Texas, in Collin County.
Prospective buyers should review site conditions and all available information prior to purchase, as the sale is explicitly stated to be as-is with no disclosure.
The property is located in Farmersville, Texas, in Collin County.
Prospective buyers should review site conditions and all available information prior to purchase, as the sale is explicitly stated to be as-is with no disclosure.
Key Highlights
- 12‑acre lot with private water and city electric service
- Water source is private; sewer is septic tank
- Approx. 1,344 sq ft mobile home abandoned in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,437
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,740
$408.7K
Cap Rate 7%
$291,957
$292.0K
Cap Rate 9%
$227,078
$227.1K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$41.6K $30.96/SF
− Vacancy
−$4.5K −$3.31/SF
EGI
$37.2K $27.65/SF
− OpEx
−$16.7K −$12.44/SF
NOI
$20.4K $15.21/SF
Area
Collin County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,740
Cap Rate 7%
$291,957
Cap Rate 9%
$227,078
Alternative Uses
Best Use
Apartment 5plus
$292.0K
$255.5K – $340.6K
NOI $20,437 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$337.6K
$295.4K – $393.9K
NOI $23,632 @ 7.0% cap · market cap 3.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 75442, TX
11,241
Population
4,060
Households
2.8
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
107.6 sq mi
ZIP Area
104
Density / Sq Mi
$84,591
Median Household Income
$48,482
Median Earnings
$1,501
Median Rent
$330,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - A 12-acre lot with electric service, private water, septic tanks, and portable gas, sold as-is.
Where is this residential land & home lot located?
The property is located at 12343 county road 574 Farmersville, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 12‑acre lot with private water and city electric service; Water source is private; sewer is septic tank; Approx. 1,344 sq ft mobile home abandoned in 2009
