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    511 Cook St Josephine, TX 75164

    For Sale
    $1,300,000

    5-Acre Commercial/Residential Opportunity in Josephine, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5-acre property, located at 511 E Cook St, Josephine, TX 75164, presents a unique investment opportunity in the rapidly expanding eastern Collin County. The property boasts frontage on both Cook and Caddo Streets and is ideally suited for a variety of uses, including residential development (potentially a rental community), retail, mini-storage, or office space. The site's strategic location is surrounded by new construction and developments by D.R. Horton and other prominent builders, reflecting the area's robust growth. Utilities are readily accessible, with sewer lines located just feet from the property and water lines along the frontage. Adding to its appeal, the property includes a very nice existing home, currently leased, which could serve as office space. The high growth potential is further underscored by the Community ISD's ongoing expansion, adding at least one campus annually to accommodate the area's rapid population increase. This property offers significant potential for developers seeking to capitalize on the thriving real estate market in eastern Collin County. Additional acreage is available on either side, potentially expanding the total land area to 15 acres. Asking price is $1,300,000.

    Property Features for 511 Cook St

    General Information

    Property type
    Individual retail properties

    HighLights

    • Prime location in Josephine, TX, a high‑growth eastern Collin County town.
    • Rapidly developing area with significant new construction activity.
    • Surrounded by new residential and commercial developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Josephine
    County
    Collin
    State
    Texas
    Longitude
    -96.3004212
    Latitude
    33.0627317

    Nearby Comparable

    • $1,300,000
      2,507 SF

      Josephine Office/Residential Land

      Prime 5-acre development opportunity in Josephine, TX.
      511 Cook St, Josephine, TX 75189
      View Details
    • $1,200,000
      1,999 SF

      Josephine, TX Commercial Land Opportunity

      High-growth area, 5-acre lot, ideal for development.
      609 Cook St, Josephine, TX 75189
      View Details
    • $1,300,000
      5.00 Acres

      Josephine, TX Commercial Investment Property

      Corner lot with road frontage ideal for mixed-use development.
      609 E Cook St, Royse City, TX 75189
      View Details
    • $1,300,000

      Development Opportunity in Josephine, TX

      Convertible property in rapidly growing Josephine, Collin County.
      511 E Cook St, Royse City, TX 75189
      View Details
    • Contact for pricing
      24.00 Acres

      Josephine, TX Land - 24 Acres

      Prime development land near new homes.
      0 Cook St, Royse City, TX 75189
      View Details
    • $650,000
      1.10 Acres

      Commercial Land in High-Traffic Area

      Cleared, level vacant lot ready for immediate commercial development.
      507 E Cook St, Royse City, TX 75189
      View Details

    Nearby Similar for Sale

    • $259,500
      1,096 SF

      Josephine, TX Commercial Property

      High-Growth Area, Multi-Use Potential
      503 St, Josephine, TX 75173
      View Details
    • $1,200,000
      1,999 SF

      Josephine, TX Commercial Land Opportunity

      High-growth area, 5-acre lot, ideal for development.
      609 Cook St, Josephine, TX 75189
      View Details
    • $1,300,000
      2,507 SF

      Josephine Office/Residential Land

      Prime 5-acre development opportunity in Josephine, TX.
      511 Cook St, Josephine, TX 75189
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 5-Acre Commercial/Residential Opportunity in Josephine, TX
    Where is this individual retail property located?
    The property is located at 511 Cook St Josephine, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime location in Josephine, TX, a high-growth eastern Collin County town.; Rapidly developing area with significant new construction activity.; Surrounded by new residential and commercial developments.
    Request Owner's contact information
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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
    511 Cook St Josephine, TX 75164
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