Corner Warehouse
For Sale
$1,900,000
600 FM 981, Blue Ridge, TX 75424
CommercialSale, Blue Ridge, TX
Property Size10,000 SF
Lot Size0.92 Acres
Price / SF$190
Days on Market94
Property Features for 600 FM 981
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial
Parking features
RV, Garage
Security features
Security
Subdivision
Mathias Mowery Surv Abs #557
Directions
Please consult GPS
Standard status
Active
APN
R655700215901
Lot size
0.92 Acres
Taxes and HOA fees
Tax Description
ABS A0557 M MOWERY SURVEY, SHEET 2, TRACT 159
Legal Description
ABS A0557 M MOWERY SURVEY, SHEET 2, TRACT 159
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Propane (Heating), Heat Pump (Heating), Electric (Heating), Central
Cooling system
Heat Pump, Wall Unit(s), Electric, Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Number of units
1
Flooring type
Concrete, Carpet, Vinyl
Building materials
MetalSiding, Concrete
Roof type
Metal
Listing Agency:
John Christie Real Estate Prop
Listed By:
Abbie Andrews
(972) 529-7022
Added: Jul 22
Changed: Oct 21
Last Checked: Oct 23 at 12:06PM
MLS# 21337330
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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Investment Insights
Based on property information with market context.
This warehouse property includes a metal-roof building constructed in 1985 on approximately 0.916 acres. The improvements feature metal siding and concrete construction, with carpet, concrete, and vinyl flooring across the interior. Heating systems include electric, heat pump, central, and propane equipment, while cooling is provided by central air, electric, wall units, and heat pump systems.
The property occupies the southeast corner of Highway 78 and FM 981 at 600 FM 981 in Blue Ridge, Texas. Site features include garage and RV parking. Public water, septic service, and propane are identified among the property utilities and services.
The property occupies the southeast corner of Highway 78 and FM 981 at 600 FM 981 in Blue Ridge, Texas. Site features include garage and RV parking. Public water, septic service, and propane are identified among the property utilities and services.
Key Highlights
- 0.916‑acre warehouse property
- Southeast corner of Highway 78 and FM 981
- 10,000 SF building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,539
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
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 - Metal-roof warehouse with garage and RV parking.
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: 0.916‑acre warehouse property; Southeast corner of Highway 78 and FM 981; 10,000 SF building
