Warehouse Property for
For Sale
$1,900,000
600 FM 981, Blue Ridge, TX 75424
Warehouse property available for sale in Collin County, Texas.
Property Size10,000 SF
Days on Market49
Property Features for 600 FM 981
General Information
Standard status
Active
Size
10,000 SF
Zoning
commercial
Amenities
Accessible Kitchen
Central Air, Electric, Heat Pump, Wall Unit(s)
Central, Electric, Heat Pump, Propane
Aggregate, Concrete, Drive Through, Garage, RV Access/Parking, RV Garage
Building Details
Building Size
10,000 SF
Year Built
1985
Stories
2
Listing Agency:
John Christie Real Estate Prop
Listed By:
Abbie Andrews · License #0788776
(214) 803-6369
Source:
Evrealestate
Added: Jul 24
Changed: Sep 10
Last Checked: Sep 10 at 5:21AM
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 John Christie Real Estate Prop
Investment Insights
Based on property information with market context.
This warehouse property is offered for sale. The listing includes a commercial real estate warehouse asset type with no additional unit details provided.
The property is located at 600 FM 981 in Blue Ridge, TX 75424, in Collin County. Directions are provided via GPS, as noted in the public remarks.
Interested parties should review the full details available for the property, as further information on layout, improvements, and configuration was not included in the materials provided.
The property is located at 600 FM 981 in Blue Ridge, TX 75424, in Collin County. Directions are provided via GPS, as noted in the public remarks.
Interested parties should review the full details available for the property, as further information on layout, improvements, and configuration was not included in the materials provided.
Key Highlights
- Warehouse property for sale in Collin County, Texas
- Built in 1985
- Central air plus electric and heat pump heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,539
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,780
$1.4M
Cap Rate 7%
$993,414
$993.4K
Cap Rate 9%
$772,656
$772.7K
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.0K $9.00/SF
− Vacancy
−$8.2K −$0.82/SF
EGI
$81.8K $8.18/SF
− OpEx
−$12.3K −$1.23/SF
NOI
$69.5K $6.95/SF
Area
Collin County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,780
Cap Rate 7%
$993,414
Cap Rate 9%
$772,656
Alternative Uses
Best Use
Warehouse
$993.4K
$869.2K – $1.16M
NOI $69,539 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$9.94M
$8.69M – $11.59M
NOI $695,563 @ 7.0% cap · market cap 36.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Well-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- BlueMarlin Storage — 507 White St, Blue Ridge, TX 75424
- Blue Ridge Self Storage — Blue Ridge, TX 75424
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property available for sale in Collin County, Texas.
Where is this warehouse located?
The property is located at 600 FM 981 Blue Ridge, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Warehouse property for sale in Collin County, Texas; Built in 1985; Central air plus electric and heat pump heating
