Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    15 Acres of Unlimited Potential Title is generated by Realmo AI

    3149 Fm 902, Howe, TX 75459

    View on Map
    Claim this Listing
    For Sale
    $725,000

    Improved Land - Howe, TX

    Lot size:
    15.00 Acres
    Added:
    May 16, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 2 at 7:06 am

    Property Features for 3149 Fm 902

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    129234
    Lot size
    15.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amy Gibbs
    Amy Gibbs

    Listing agent Amy Gibbs License #0716240

    Listing office United Real Estate DFW 430 S Main St, Grapevine, TX

    Listing date May 16, 2026

    MLS# 21044969 Listing URL

    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.

    HighLights

    • 15 acres of usable land with no zoning restrictions, allowing for diverse development possibilities.
    • Utilities are already in place: water, power (with two electric meters), and a 2‑year‑old septic system.
    • Located in an area experiencing rapid growth and infrastructure improvements along the FM 902 corridor.
    • Existing livable mobile home provides immediate rental income or temporary living/office space.
    • Excellent location between Howe and Tom Bean, with quick access to Hwy 75 and nearby conveniences.
    • Substantial road frontage and no deed restrictions from the seller or county.

    Overview

    This 15-acre tract features usable land with a seasonal pond. Located just outside city limits, the property has no zoning restrictions, offering freedom for residential, light industrial, or commercial development. The FM 902 corridor is experiencing new growth, infrastructure improvements, and increased traffic flow. Ground improvements have been made, and utilities are in place with water, power, and two electric meters, plus a 2-year-old septic system. A livable mobile home is currently rented month-to-month, providing immediate income, office space, or a temporary base. The property is surrounded by new construction and located between Howe and Tom Bean, with access to Hwy 75 just 15 minutes away. It offers privacy while remaining close to amenities. With no deed restrictions from the seller or county and substantial road frontage, the possibilities include storage, event venue, church site, warehouse space, or residential community. The property is located along FM 902.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Parts Store HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Howe
    County
    Grayson
    State
    Texas
    Longitude
    -96.540814
    Latitude
    33.519135

    Nearby Similar for Sale

    • $475,000

      Unimproved Land Near Highway 75

      3.612 acres of land near major tech companies.
      000 Harrell Road, Howe, TX 75459
      View Details
    • $3,500,000

      Prime Land in Growth Corridor

      13.8+ acre tract in high-growth North Texas corridor.
      Tbd N Collins Freeway, Howe, TX 75459
      View Details
    • $3,500,000

      Highway 75 Land Opportunity

      13.8+ acre tract in North Texas growth corridor.
      Apn 130812 N Collins Freeway, Howe, TX 75459
      View Details
    • $1,995,000

      5.137 Acres Fronting Highway 75

      5.137 acres of commercial land with highway frontage.
      811 N Collins Freeway, Howe, TX 75459
      View Details
    • $868,000

      Unimproved Land in Grayson County

      Seven 1+ acre estate lots in Howe, TX.
      3243 HARRELL, No City, TX 75459
      View Details
    • $870,675

      18.525 Acres Land in Howe, TX

      18.525 acre Ag Exempt land in Sherman ETJ.
      0000 MIDWAY ACRES Drive, Howe, TX 75459
      View Details
    • $1,168,937

      24.871 Acres Development Land

      Prime investment opportunity in Sherman ETJ with high visibility.
      2164 MIDWAY ACRES Drive, Howe, TX 75459
      View Details
    • $2,090,000

      63.86 Acres of Unimproved Land

      63.86 acres of land in Howe, TX, near major highways.
      3243 Harrell, Howe, TX 75459
      View Details
    • $1,350,000

      Development Land Near Sherman, Texas

      21.85 acres near Sherman with development potential.
      992 Bennett Road, Howe, TX 75459
      View Details
    • $12,000,000

      Investment Land Future Tollway Access

      185 acre investment land along future Dallas North Tollway.
      000 Prescott Road, Howe, TX 75459
      View Details
    • $799,000

      Downtown Howe Land For Sale

      Commercial land in booming Howe, TX, with flexible development options.
      104 E Duke Street, Howe, TX 75459
      View Details
    • $199,000

      Land in Howe ISD

      Cleared, level land ready for custom home in Howe, TX.
      Tbd Lot 6 Bennett Road, Howe, TX 75459
      View Details

    FAQs

    What type of property is this?
    Commercial land - 15 acres with no zoning, utilities in place, endless possibilities.
    Where is this commercial land located?
    The property is located at 3149 Fm 902 Howe, TX.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 15 acres of usable land with no zoning restrictions, allowing for diverse development possibilities.; Utilities are already in place: water, power (with two electric meters), and a 2‑year‑old septic system.; Located in an area experiencing rapid growth and infrastructure improvements along the FM 902 corridor.
    (817) 360-8499
    We can help!
    Listing Contact
    Amy Gibbs
    Amy Gibbs
    Real Estate License ID: 0716240
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3149 Fm 902, Howe, TX 75459
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!