Two-Story Retail
New
For Sale
$500,000
2467 State Highway 78 S, Farmersville, TX 75442
CommercialSale, Farmersville, TX
Property Size1,920 SF
Lot Size1.00 Acre
Price / SF$260.42
Days on Market3
Property Features for 2467 State Highway 78 S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Unzoned
Subdivision
B. Reed Survey
Lot features
Interior Lot
Directions
From McKinney Hwy 380 E to Hwy 78. S on Hwy 78 go approximately 3.1 miles to property on left SIY
Standard status
Active
APN
R673900214501
Size
1,920 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
ABS A0739 E B REED SURVEY, SHEET 2, TRACT 145
Tax Annual Amount
4514
Legal Description
ABS A0739 E B REED SURVEY, SHEET 2, TRACT 145
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1998
Floors in Building
2
Number of units
1
Flooring type
Laminate
Building materials
Frame, WoodSiding
Roof type
Metal
Listing Agency:
Farmersville Real Estate Company
(972) 784-6115
Listed By:
Randal Shinn · License #0568499
(469) 222-1537
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 9 at 3:06AM
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.
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
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,548 @ 7.0% cap · market cap 26.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
