Flex Space with Highway
2403 State Highway 78 S, Farmersville, TX 75442
For Sale
$750,000
CommercialSale, Farmersville, TX
Property Size1,920 SF
Lot Size1.18 Acres
Price / SF$390.63
Days on Market88
Property Features for 2403 State Highway 78 S
General Information
Property type
Property subtype
Zoning description
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
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Building materials
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Buildings
Listing Agency:
Realty Town
Listed By:
Jeff Jacobs · License TX #0464526
(972) 978-6539
Added: Aug 17
Changed: Nov 10
Last Checked: Nov 12 at 8:06AM
MLS# 21331123
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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Investment Insights
Based on property information with market context.
This 1.18-acre property in Farmersville’s ETJ includes a 1,920-square-foot, three-bedroom, two-bath home that can serve as office space, along with a detached 720-square-foot barn with water and electric service. Interior features include an updated kitchen with granite countertops and a gas cooktop, hardwood flooring in the family room, updated baths, a mud room, and a full utility room. The property also has a two-car carport, a detached two-car carport with storage, and a chain-link dog run.
The site fronts State Highway 78 for 275 feet and is located near Lake Haven and Windsor Farms. Additional improvements include a 2025 water heater for the main home, an updated septic system, replacement windows and doors, a roof update, and updated cabinets. Potential commercial or mixed-use applications are subject to county approval.
The site fronts State Highway 78 for 275 feet and is located near Lake Haven and Windsor Farms. Additional improvements include a 2025 water heater for the main home, an updated septic system, replacement windows and doors, a roof update, and updated cabinets. Potential commercial or mixed-use applications are subject to county approval.
Key Highlights
- 1.18‑acre parcel in the ETJ with 275 feet of State Highway 78 frontage
- 1,920‑square‑foot main home with 3 bedrooms and 2 baths
- Detached 720SF barn with water and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,349
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,980
$487.0K
Cap Rate 7%
$347,843
$347.8K
Cap Rate 9%
$270,544
$270.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$42.2K $21.96/SF
− Vacancy
−$9.7K −$5.05/SF
EGI
$32.5K $16.91/SF
− OpEx
−$8.1K −$4.23/SF
NOI
$24.3K $12.68/SF
Area
Collin County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,980
Cap Rate 7%
$347,843
Cap Rate 9%
$270,544
Alternative Uses
Best Use
Office B
$347.8K
$304.4K – $405.8K
NOI $24,349 @ 7.0% cap · market cap 3.25%
Second Best
Flex RnD
$201.1K
$176.0K – $234.6K
NOI $14,077 @ 7.0% cap · market cap 1.88%
Theoretical Best
Multifamily LT 5
$482.3K
$422.0K – $562.7K
NOI $33,760 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
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
$330,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Collin County, TX
Properties on Market for Flex space in Collin County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Existing residential improvements and a detached utility building support office, storage, or other county-approved commercial applications.
Where is this flex space located?
The property is located at 2403 State Highway 78 S Farmersville, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1.18‑acre parcel in the ETJ with 275 feet of State Highway 78 frontage; 1,920‑square‑foot main home with 3 bedrooms and 2 baths; Detached 720SF barn with water and electric
