Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Blue Ridge Land For Sale Title is generated by Realmo AI

    504 S Business Highway 78, Blue Ridge, TX 75424

    View on Map
    Claim this Listing
    For Sale
    $56,900

    Unimproved Land - Blue Ridge, TX

    Type:Unimproved Land
    Lot size:
    0.24 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    39
    Last Refresh:
    May 29 at 11:06 am

    Property Features for 504 S Business Highway 78

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R102200012301
    Lot size
    0.24 Acres

    Building Details

    Year built
    1800
    Architectural style
    Other

    We can help!

    Listing Contact
    Justin Garner

    Listing agent Justin Garner License #0611503

    Listing office Keller Williams NO. Collin Cty 7200 W. University Blvd #300, McKinney, TX

    Listing date Apr 21, 2026

    MLS# 21044815 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

    • .24 acre lot provides ample space for a dream home and a shop.
    • Water tap, meter, and sewer tap are already completed, resulting in significant cost savings.
    • Located in Blue Ridge, Texas.
    • Offers space for outdoor activities and building.
    • Suitable for building a custom home.
    • The lot is ready for development.

    Overview

    This 0.24 acre lot is located in Blue Ridge, Texas. It offers space for a dream home and a shop. The water tap, meter, and sewer tap have been completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ridge
    County
    Collin
    State
    Texas
    Longitude
    -96.400856
    Latitude
    33.294968

    Nearby Similar for Sale

    • $2,320,000
      10,600 SF

      Blue Ridge Warehouse Investment Opportunity

      Fenced and gated warehouse shops with highway frontage and rental income.
      15602 State Highway 160, Blue Ridge, TX 75424
      View Details
    • $1,275,000
      1,200 SF

      Turnkey Steel Fabrication Business Opportunity

      Operating steel business on 3.25 acres in Blue Ridge, TX.
      8340 State Highway 78 N, Blue Ridge, TX 75424
      View Details
    • $649,942
      2,109 SF

      Blue Ridge Ranch with Stocked Lake

      9+ acre ranch featuring a stocked lake and multiple workshops.
      8511 State Highway 78 N, Blue Ridge, TX 75424
      View Details
    • $1,200,000
      2,900 SF

      Ranch Home on 15 Acres

      Thoughtfully designed ranch home on 15 acres in Blue Ridge.
      579 County Road 5005, Blue Ridge, TX 75424
      View Details
    • $1,199,000
      3,380 SF

      Equestrian Estate on 17 Acres

      Equestrian property with barns, arenas, and renovated residences.
      16283 County Road 1004, Blue Ridge, TX 75424
      View Details
    • $2,650,000
      2,191 SF

      Blue Ridge Barndominium and Ranch

      Nearly 48-acre Blue Ridge property with barndominium and stocked pond.
      10616 State Highway 78 N, Blue Ridge, TX 75424
      View Details
    • $1,299,000
      4,139 SF

      Sprawling Ranch with Development Potential

      15+ acre property with main home, barndominium, and additional structures.
      8505 County Road 500, Blue Ridge, TX 75424
      View Details
    • $1,900,000
      3,004 SF

      Collin County Acreage with Residence

      62.65 acres in Collin County with home and workshop.
      12099 County Road 1028, Blue Ridge, TX 75424
      View Details
    • $600,000

      Highway Frontage Land in Blue Ridge

      10-acre corner lot with highway frontage in high-growth area.
      Tract 1 N State Highway 78, Blue Ridge, TX 75424
      View Details
    • $888,000
      2,300 SF

      Blue Ridge Farm/Ranch Opportunity

      Picturesque 16.753-acre property with income potential in growing area.
      7187 County Road 1037, Blue Ridge, TX 75424
      View Details
    • $700,000

      Investment Package in Blue Ridge

      Three single-family properties plus vacant lot in Blue Ridge, TX.
      1206 N Business Hwy 78, Blue Ridge, TX 75424
      View Details
    • $1,025,000

      36 Acres of Scenic Land

      Premium land with hilltop views, pond, and mature trees.
      0000 County Rd 632, Blue Ridge, TX 75424
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.24 acre lot ready for your dream home.
    Where is this residential land & home lot located?
    The property is located at 504 S Business Highway 78 Blue Ridge, TX.
    What is the asking price?
    The asking price for this property is $56,900.
    What are key features of this property?
    This property features: .24 acre lot provides ample space for a dream home and a shop.; Water tap, meter, and sewer tap are already completed, resulting in significant cost savings.; Located in Blue Ridge, Texas.
    (214) 726-5328
    We can help!
    Listing Contact
    Justin Garner
    Real Estate License ID: 0611503
    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
    504 S Business Highway 78, Blue Ridge, TX 75424
    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!