Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    381 County Road 699 Farmersville, TX 75442

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    ±59 Acres, Hwy 380 Access

    Property Features for 381 County Road 699

    General Information

    Property type
    Farms
    Lot Size
    2,579,841 SF

    We can help!

    Listing Contact
    Josh Bryan
    Josh Bryan

    Listing Agency: Fairview Real Estate Services, LLC Listing Agent: Josh Bryan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    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 Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Storage Facility Car Rental Facility Barber Shop (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmersville
    County
    Collin
    State
    Texas
    Longitude
    -96.2961223
    Latitude
    33.159565

    Nearby Similar for Sale

    • $375,000
      0.05 Acres

      Historic Retail Building in Farmersville

      Charming historic retail property with endless potential in downtown Farmersville.
      104 Mckinney St, Farmersville, TX 75442
      View Details
    • $525,000
      12.03 Acres

      Farmersville Land with Horse Amenities

      12.03 acres in Farmersville, TX, ideal for horses.
      1528 Cr 697, Farmersville, TX 75442
      View Details
    • $349,900
      1,987 SF

      Farmhouse on Spacious Two Acres

      Charming farmhouse on two acres in Hunt County, Texas.
      3751 Fm 903, Farmersville, TX 75442
      View Details
    • $977,500
      3,142 SF

      Farmersville Farm/Ranch with Custom Home

      Custom home on 10+ acres near major roadways.
      5541 County Road 1130, Farmersville, TX 75442
      View Details
    • $1,149,000
      32.90 Acres

      Collin County Ranch Land Opportunity

      32.9 acres of fenced Texas ranch land with pond.
      3201 Fm 2194, Farmersville, TX 75442
      View Details
    • $999,999
      51.00 Acres

      51-Acre Ranch in Farmersville, TX

      Expansive 51-acre property ideal for a custom farmhouse or estate.
      Tbd County Rd 623, Farmersville, TX 75442
      View Details
    • $320,000
      10.32 Acres

      Land in Farmersville, Texas

      10.32 acres of land in Farmersville, Texas.
      10 Lemonade Ln, Farmersville, TX 75442
      View Details
    • $3,199,000

      Farmersville Retail Property For Sale

      Retail property available for purchase in Farmersville, Texas.
      712 S State Highway 78, Farmersville, TX 75442
      View Details
    • $575,000

      Historic Farmersville Building with Potential

      Versatile historic building in downtown Farmersville suitable for various businesses.
      107 S Main St, Farmersville, TX 75442
      View Details
    • $725,000
      2,184 SF

      Downtown Farmersville Retail Gem

      Prime corner lot, historic district, 2,184 sq ft.
      100 Mckinney St, Farmersville, TX 75442
      View Details
    • $600,000
      3,750 SF

      Downtown Farmersville Retail Gem

      Historic building, dual storefront potential.
      107 Main St, Farmersville, TX 75442
      View Details

    FAQs

    What type of property is this?
    Farm - ±59 Acres, Hwy 380 Access
    Where is this farm located?
    The property is located at 381 County Road 699 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.
    (972) 571-2009 Call to check price and availability
    Request Owner's contact information
    381 County Road 699 Farmersville, TX 75442
    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.
    381 County Road 699
    Farmersville, TX 75442
    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
    381 County Road 699 Farmersville, TX 75442
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Josh Bryan
    Josh Bryan
    Real Estate License ID: 583582
    (972) 571-2009 (972) 265-9609
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!