Two-Story Retail
2467 State Highway 78 S, Farmersville, TX 75442
For Sale
$500,000
CommercialSale, Farmersville, TX
Property Size1,920 SF
Lot Size1.00 Acre
Price / SF$260.42
Days on Market37
Property Features for 2467 State Highway 78 S
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Farmersville Real Estate Company
Listed By:
Randal Shinn · License TX #0568499
(972) 784-6115
Added: Oct 7
Changed: Oct 22
Last Checked: Nov 12 at 8:06AM
MLS# 21405035
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 retail property occupies a 1-acre parcel and contains a remodeled, two-story building measuring 1,920 square feet. Improvements include laminate flooring, a metal roof, a slab foundation, central electric heating and air conditioning, and 1.5 remodeled bathrooms. A gravel parking area is also on site. The property is outside city limits and is described as unzoned.
The building fronts State Highway 78 S in Farmersville, Collin County. Lake Lavon is a couple of miles away, and a 250+ acre housing development is located a few hundred feet from the property.
The building fronts State Highway 78 S in Farmersville, Collin County. Lake Lavon is a couple of miles away, and a 250+ acre housing development is located a few hundred feet from the property.
Key Highlights
- 1‑acre parcel with a 1,920‑square‑foot building
- Two‑story layout with 1.5 remodeled bathrooms
- Remodeled interior with laminate flooring and metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,894
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,880
$617.9K
Cap Rate 7%
$441,343
$441.3K
Cap Rate 9%
$343,267
$343.3K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$46.3K $24.12/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$44.1K $22.99/SF
− OpEx
−$13.2K −$6.90/SF
NOI
$30.9K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,880
Cap Rate 7%
$441,343
Cap Rate 9%
$343,267
Alternative Uses
Best Use
Retail
$441.3K
$386.2K – $514.9K
NOI $30,894 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$482.3K
$422.0K – $562.7K
NOI $33,760 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
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
$330,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Collin County, TX
Properties on Market for Retail space in Collin County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Central electric heating and air conditioning serve the building’s two-level layout.
Where is this retail space located?
The property is located at 2467 State Highway 78 S Farmersville, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1‑acre parcel with a 1,920‑square‑foot building; Two‑story layout with 1.5 remodeled bathrooms; Remodeled interior with laminate flooring and metal roof
