Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land with Development Potential Title is generated by Realmo AI

    FM 741 & Highway 175, Crandall, TX 75114

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land available for development with utilities in place.

    Type:Land, Multifamily
    Lot size:
    65.40 Acres
    Added:
    Oct 11, 2023
    Days on Market:
    966
    Last Refresh:
    May 12 at 8:46 pm

    Property Features for FM 741 & Highway 175

    General Information

    Standard status
    Active
    Lot size
    65.40 Acres
    Property subtype
    Land, Multifamily

    We can help!

    Listing Contact
    Robert Meara

    Listing agent Robert Meara License #825430

    Listing office The Meara Company

    Listing date Oct 11, 2023

    Source Crexi

    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 The Meara Company

    HighLights

    • Frontage on US 175 and Spring Creek Boulevard provides high visibility and accessibility
    • Zoned for 1,489 units in the River Ridge North and South planned development (PD)
    • Property can be subdivided into smaller tracts, offering flexibility for development
    • Utilities are already in place for development on the 15.4‑acre tract south of US 175
    • Utilities are available for the 50‑acre tract north of US 175
    • Located on the newly constructed Spring Creek Boulevard

    Overview

    This property features frontage on US 175 and the newly constructed Spring Creek Boulevard. It can be subdivided into smaller tracts. The 15.4 acres located south of US 175 have utilities in place for development. Utilities are available for the 50 acres located on the north side of US 175. There are 1,489 units zoned in the PD for River Ridge North and South.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Crandall
    County
    Kaufman
    State
    Texas
    Longitude
    -96.4398
    Latitude
    32.5952

    Nearby Similar for Sale

    • $100,000

      Residential Lot for Dream Home

      Quarter-acre residential lot in Crandall, utilities available, ideal for building.
      Lot 9r S 5th Street, Crandall, TX 75114
      View Details
    • $82,500

      Land in Heartland, Crandall, TX

      Vacant lot in Heartland community with amenities.
      3860 Hometown Boulevard, Crandall, TX 75114
      View Details
    • $82,500

      Residential Lot in Heartland, Crandall

      Vacant lot in Heartland community with amenities, Crandall, Texas.
      3864 Hometown Boulevard, Crandall, TX 75114
      View Details
    • $82,500

      Land in Heartland, Crandall, TX

      Vacant lot in Heartland community with amenities.
      3862 Hometown Boulevard, Crandall, TX 75114
      View Details
    • $82,500

      Residential Lot in Heartland, Crandall

      Vacant lot in Heartland with community amenities. Deed restrictions apply.
      3866 Hometown Boulevard, Crandall, TX 75114
      View Details
    • $125,000

      Acre of Land in Crandall

      One acre property offers space and convenience near downtown Crandall.
      Tbd Hunter Lane, Crandall, TX 75114
      View Details
    • $160,000

      Land Available in Crandall, TX

      1.61 acre lot suitable for building or mobile home.
      9299 Heather Lane, Crandall, TX 75114
      View Details
    • $477,000
      1,363 SF

      Salon and Apartment Corner Property

      High-visibility corner property with salon and apartment in Crandall, TX.
      100 S Main Street, Crandall, TX 75114
      View Details
    • $170,000

      2.5 Acres Unimproved Land Crandall

      2.5 acres of unimproved land in growing Crandall, TX.
      2371 La Vega Road, Crandall, TX 75114
      View Details
    • $169,000

      Land with Development Potential

      1.3-acre property offering development opportunities in Crandall, TX.
      6280 Mountain View Drive, Crandall, TX 75114
      View Details
    • $69,900

      Residential Lot in Crandall, TX

      Residential lot available in Crandall, Texas.
      411 N 1st Street, Crandall, TX 75114
      View Details
    • Contact for pricing

      Land in Growing Crandall, Texas

      Land suitable for retail and service-oriented businesses in Crandall, TX.
      1469 FM741, Crandall, TX
      View Details

    FAQs

    What type of property is this?
    Land - Land available for development with utilities in place.
    Where is this land located?
    The property is located at FM 741 & Highway 175 Crandall, TX.
    What is the asking price?
    The asking price for this property is $3,795,000.
    What are key features of this property?
    This property features: Frontage on US 175 and Spring Creek Boulevard provides **high visibility and accessibility**; Zoned for **1,489 units** in the River Ridge North and South planned development (PD); Property can be subdivided into smaller tracts, offering flexibility for development
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Meara
    Real Estate License ID: 825430
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    FM 741 & Highway 175, Crandall, TX 75114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!