Two-Story Retail
For Sale
$500,000
2467 State Highway 78 S S, Farmersville, TX 75442
Updated commercial space features central electric heating and cooling, remodeled bathrooms, and an all-weather gravel parking area.
Property Size1,920 SF
Lot Size1.00 Acre
Price / SF$260.42
Days on Market15
Property Features for 2467 State Highway 78 S S
General Information
Standard status
Active
Size
1,920 SF
Lot size
1.00 Acre
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
2
Building Size
1,920 SF
Listing Agency:
Farmersville Real Estate Company
(972) 784-6115
Listed By:
Randal Shinn · License #0568499
(469) 222-1537
Source:
Dallashighrisecondo
Added: Oct 9
Changed: Oct 23
Last Checked: Oct 23 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Farmersville Real Estate Company
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Investment Insights
Based on property information with market context.
This two-story retail building contains 1,920 square feet on a 1-acre lot. Improvements include laminate flooring, textured walls, a metal roof, and a slab foundation. The interior has 1.5 remodeled bathrooms and electric central heating and air conditioning. A gravel parking area provides additional space for vehicles or storage.
The property has frontage along State Highway 78 and is outside city limits in an unzoned area. Lake Lavon and the Lakehaven subdivision are a couple of miles away; a housing development of more than 250 acres is located a few hundred feet from the property.
The property has frontage along State Highway 78 and is outside city limits in an unzoned area. Lake Lavon and the Lakehaven subdivision are a couple of miles away; a housing development of more than 250 acres is located a few hundred feet from the property.
Key Highlights
- 1,920‑square‑foot, two‑story retail building
- Situated on a 1‑acre lot with State Highway 78 frontage
- Outside city limits and unzoned
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Updated commercial space features central electric heating and cooling, remodeled bathrooms, and an all-weather gravel parking area.
Where is this retail space located?
The property is located at 2467 State Highway 78 S 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: 1,920‑square‑foot, two‑story retail building; Situated on a 1‑acre lot with State Highway 78 frontage; Outside city limits and unzoned
