Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Blue Ridge, TX Title is generated by Realmo AI

    CR-672 lot 6, Blue Ridge, TX 75424

    View on Map
    Claim this Listing
    For Sale
    $190,000

    LAND - Blue Ridge, TX

    Lot size:
    2.87 Acres
    Added:
    May 25, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for CR-672 lot 6

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R1313700000601
    Lot size
    2.87 Acres

    Taxes and HOA fees

    Tax Description
    SPEED ESTATES (GCN), LOT 6

    We can help!

    Listing Contact
    MaryJane Mathew

    Listing agent MaryJane Mathew License #0535182

    Listing office EXP REALTY Austin, TX

    Listing date May 25, 2026

    MLS# 21184154 Listing URL

    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.

    HighLights

    • Large Lot: Over 2.8 acres provides ample space.
    • No Deed Restrictions: Offers unparalleled freedom.
    • Zoned Residential: Suitable for immediate residential development.
    • Investment Potential: Ideal for builders, investors, or individuals.
    • Flexible Usage: Suited for small development projects, multi‑generational living, or a private homestead.
    • Convenient Location: Combines country living with easy access to nearby towns, schools, and amenities.

    Overview

    This property presents an opportunity for builders, investors, or individuals seeking a private homestead. The offering includes one residential lot, part of a larger 2.868-acre parcel, that can be purchased individually. Zoned residential, the lot benefits from having no deed restrictions, providing flexibility for custom homes, barndominiums, or long-term investment. The location offers country living with convenient access to nearby towns, schools, and amenities. It is suited for a small development project, multi-generational living, or a dream home with space and privacy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Blue Ridge
    County
    Collin
    State
    Texas
    Longitude
    -96.3841
    Latitude
    33.3041

    Nearby Similar for Sale

    • $1,275,000

      Turnkey Steel Fabrication Yard

      Secure, pipe-fenced industrial yard with fabrication structures, infrastructure, and equipment for day-one operation.
      8340 State Highway 78 N, Blue Ridge, TX 75424
      View Details
    • $700,000

      Turnkey Residential Income Package

      Renovated single-family rentals plus an adjacent vacant lot offer a streamlined addition to an investor’s portfolio.
      1206 N Business Hwy 78, Blue Ridge, TX 75424
      View Details
    • $1,900,000

      Farm Land with Multiple Ponds

      62+ acres with open pasture, four ponds, and existing improvements, well-suited for livestock, recreation, or long-term investment.
      12099 County Road 1028, Blue Ridge, TX 75424
      View Details
    • $720,000

      Open Pasture Ranch Land

      A little over 23 acres of pasture and open space outside a flood plain, suited for ranch or recreational use.
      14991 CR 1100, Blue Ridge, TX 75424
      View Details
    • $1,025,000

      Premium Land with Paved Frontage

      Scenic acreage with paved road frontage, pond, and mature trees in Blue Ridge ISD—ideal for a private residential estate.
      County Rd 632, Blue Ridge, TX 75424
      View Details
    • $550,000

      Raw Development Land with Road Frontage

      An 11-acre raw tract with about 500 feet of frontage on County Road 579 in Blue Ridge, TX.
      Tract 1 County Road 579, Blue Ridge, TX 75424
      View Details
    • $249,900

      Cleared Waterfront Recreational Land

      About two acres are cleared and ready for development, with a pond and mature trees supporting recreational and retreat uses.
      8194 Private Road 5406, Blue Ridge, TX 75424
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted residential land ideal for custom homes or investment.
    Where is this land located?
    The property is located at CR-672 lot 6 Blue Ridge, TX.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: Large Lot: Over 2.8 acres provides ample space.; No Deed Restrictions: Offers unparalleled freedom.; Zoned Residential: Suitable for immediate residential development.
    (888) 519-7431
    We can help!
    Listing Contact
    MaryJane Mathew
    Real Estate License ID: 0535182
    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
    CR-672 lot: 6, Blue Ridge, TX 75424
    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!