Commercial Land with
For Sale
$342,000
500 N State Highway 5 N, Blue Ridge, TX 75424
Land, Blue Ridge, TX
Property Size1,377 SF
Lot Size1.01 Acres
Price / SF$248.37
Days on Market103
Property Features for 500 N State Highway 5 N
General Information
Property type
Land
Property subtype
Other
Zoning description
Zoned residential with opportunity for commercial zoning
Vegetation
Grassed
Subdivision
N-A
Lot features
Acreage, Back Yard, Corner Lot, Lawn, Few Trees, Wooded, City Lot
Elementary school
Blueridge
Middle school
Blueridge
High school
Blueridge
Elementary school district
Blue Ridge ISD
Middle school district
Blue Ridge ISD
High school district
Blue Ridge ISD
Directions
Easy access from Highway 75 Central Expressway, 121, Hwy 78 or Hwy 380. Acessible from HWY 78, 380, 981, Central Expwy & HWY 121. Check GPS or call for directions.
Standard status
Active
APN
R655700212701
Lot size
1.01 Acres
Taxes and HOA fees
Tax Description
ABS A0557 M MOWERY SURVEY, SHEET 2, TRACT 127
Tax Annual Amount
3128
Legal Description
ABS A0557 M MOWERY SURVEY, SHEET 2, TRACT 127
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1987
Additional Structures
Garage(s)
Listing Agency:
Congress Realty, Inc.
(888) 881-4118
Listed By:
Jared English
(866) 599-5601
Added: Jul 12
Changed: Sep 3
Last Checked: Oct 22 at 4:06PM
MLS# 21312924
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1.012-acre parcel in Blue Ridge includes a 1,377-square-foot shop with a dedicated office area. The building provides a 39' x 27' main workspace along with an additional 18' x 18' room suited to office or storage use. The property also includes a residence, although the residence has little or no contributory value according to the property information.
Public water and public sewer serve the site, and electric service is already in place. The property is residentially zoned and has no HOA. Rear street access provides an additional point of ingress and egress. Built in 1987, the existing improvements offer a defined starting point for continued use of the shop and land.
Public water and public sewer serve the site, and electric service is already in place. The property is residentially zoned and has no HOA. Rear street access provides an additional point of ingress and egress. Built in 1987, the existing improvements offer a defined starting point for continued use of the shop and land.
Key Highlights
- 1.012‑acre parcel in Blue Ridge
- 1,377 sq. ft. shop with dedicated office area
- 39' x 27' main workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,096
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,920
$201.9K
Cap Rate 7%
$144,229
$144.2K
Cap Rate 9%
$112,178
$112.2K
Market Conditions
NOI Build-Up for 1,377 SF
Gross rent
$16.5K $12.00/SF
− Vacancy
−$991 −$0.72/SF
EGI
$15.5K $11.28/SF
− OpEx
−$5.4K −$3.95/SF
NOI
$10.1K $7.33/SF
Area
Collin County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,920
Cap Rate 7%
$144,229
Cap Rate 9%
$112,178
Alternative Uses
Best Use
Industrial
$1.37M
$1.20M – $1.60M
NOI $95,779 @ 7.0% cap · market cap 28.01%
Second Best
Flex RnD
$144.2K
$126.2K – $168.3K
NOI $10,096 @ 7.0% cap · market cap 2.95%
Theoretical Best
—
—
same as Best Use
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 75424, TX
4,517
Population
1,387
Households
3.3
Avg Household Size
38
Median Age
18%
College-Educated
87%
High-School Grad
63.6 sq mi
ZIP Area
71
Density / Sq Mi
$82,974
Median Household Income
$45,875
Median Earnings
$1,563
Median Rent
$302,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Residentially zoned acreage includes an existing shop, office area, and public water and sewer service.
Where is this commercial land located?
The property is located at 500 N State Highway 5 N Blue Ridge, TX.
What is the asking price?
The asking price for this property is $342,000.
What are key features of this property?
This property features: 1.012‑acre parcel in Blue Ridge; 1,377 sq. ft. shop with dedicated office area; 39' x 27' main workspace
