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    381 Co Rd Farmersville, TX 75442

    For Sale
    $4,027,300

    ±59 Acres, Hwy 380 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This ±59.225-acre tract presents a unique investment opportunity in the rapidly growing Collin County, Texas. Located in the Farmersville ETJ, this property boasts minimal use restrictions, making it ideal for warehouse, industrial, or flex space development. Its strategic location just north of the planned Highway 380 bypass ensures excellent access to major transportation arteries, including Highways 78, 75, I-35, and the Dallas North Tollway (DNT). Proximity to thriving communities like McKinney (15 miles) and Princeton (8 miles) offers access to a robust workforce and ample amenities. The site features approximately 11,117 feet of frontage on County Road 699. A home on the property is currently leased. Utilities include Caddo Basin SUD; 12' water is located south of Hwy 380, with sewer approximately 2 miles west on Hwy 380. Overhead electric is available on CR 699, with 3-phase power on an adjacent property. A limited tax exposure exists due to an agricultural exemption. The property benefits from its proximity to major employers, including Raytheon in McKinney, L3 in Greenville, and the significant Texas Instruments expansion underway, creating thousands of new jobs. This exceptional location, coupled with its size and zoning, makes this a compelling investment for developers seeking a strategic foothold in North Texas's booming industrial market. The asking price is $4,027,300.

    Property Features for 381 Co Rd

    General Information

    Property type
    Farms
    Lot Size
    2,579,841 SF

    HighLights

    • ±59.225‑acre industrial‑zoned tract in Farmersville, TX.
    • Excellent location north of the planned Hwy 380 bypass, providing easy access to major transportation arteries.
    • Located in the Farmersville ETJ with minimal development restrictions, ideal for warehouse, industrial, or flex space.
    • Prime location: 15 miles from McKinney, 8 miles from Princeton, and convenient to Hwy 380, Hwy 78, Hwy 75, I‑35, and the DNT.
    • Asking price: $4,027,300.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmersville
    County
    Collin
    State
    Texas
    Longitude
    -96.2961223
    Latitude
    33.159565

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    FAQs

    What type of property is this?
    Farm - ±59 Acres, Hwy 380 Access
    Where is this farm located?
    The property is located at 381 Co Rd Farmersville, TX.
    What is the asking price?
    The asking price for this property is $4,027,300.
    What are key features of this property?
    This property features: ±59.225-acre industrial-zoned tract in Farmersville, TX.; Excellent location north of the planned Hwy 380 bypass, providing easy access to major transportation arteries.; Located in the Farmersville ETJ with minimal development restrictions, ideal for warehouse, industrial, or flex space.
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    381 Co Rd Farmersville, TX 75442
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    Realmo Value Estimation

    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.

    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.

    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
    381 Co Rd Farmersville, TX 75442
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