Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land in Growth Corridor Title is generated by Realmo AI

    N Collins Freeway, Howe, TX 75459

    View on Map
    Claim this Listing
    For Sale
    $3,500,000

    LAND - Howe, TX

    Lot size:
    13.80 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for N Collins Freeway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    130812
    Lot size
    13.80 Acres

    Taxes and HOA fees

    Tax Description
    G-1251 TOBY THOMAS A-G1251, ACRES 13.8
    Tax Annual Amount
    10068

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jeff Dowden
    Jeff Dowden

    Listing agent Jeff Dowden License #0663053

    Listing office Real Broker, LLC Houston, TX

    Listing date Apr 8, 2026

    MLS# 21228543 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

    • Prime location in the high‑growth Sherman/North Texas corridor along Highway 75.
    • Proximity to major industrial developments, including Texas Instruments' multi‑billion‑dollar campus.
    • Strong frontage on both Highway 75 and Highway 5, providing excellent access and visibility.
    • 13.8+ acre tract suitable for commercial, flex, or mixed‑use development.
    • Water and sewer infrastructure already in place.
    • City of Howe's pro‑growth approach supports diverse development opportunities.

    Overview

    This 13.8+ acre tract is positioned as a key entry point into Sherman and the North Texas growth corridor along Highway 75. It offers a prime opportunity in the direct path of expansion driving north from DFW. The location is minutes from Texas Instruments’ multi-billion-dollar campus and surrounded by major industrial momentum, including GlobalWafers and Coherent. The area is experiencing rapid growth fueled by job creation, infrastructure investment, and multiple single and multi-family developments breaking ground and in planning. Water and sewer are in place. The City of Howe’s pro-growth approach supports a wide range of commercial, flex, or mixed-use opportunities. With strong frontage on both Highway 75 and Highway 5, this site offers excellent access and visibility. It also provides long-term upside as Sherman, Howe, and Van Alstyne continue to expand, making it a strategic hold or development play in one of North Texas’ most active growth corridors.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Howe
    County
    Grayson
    State
    Texas
    Longitude
    -96.61214319
    Latitude
    33.52471992

    Nearby Similar for Sale

    • $1,995,000

      Commercial Land with Highway Frontage

      Commercial tract with utilities on-site and service-road access, positioned for high-visibility development near TI.
      811 N Collins Freeway, Howe, TX 75459
      View Details
    • $725,000

      15 Acres of Unlimited Potential

      15 acres with no zoning, utilities in place, endless possibilities.
      3149 Fm 902, Howe, TX 75459
      View Details
    • $3,500,000

      Highway 75 Land Opportunity

      13.8+ acre tract in North Texas growth corridor.
      APN 130812 N Collins Freeway, Howe, TX 75459
      View Details
    • $475,000

      Unimproved Land Near Highway 75

      3.612 acres of land near major tech companies.
      Harrell Road, Howe, TX 75459
      View Details
    • $468,000

      Commercial Land with Road Frontage

      Six-acre tract with substantial frontage on two sides, public water and power, and a half-acre pond for flexible development.
      Schneider Rd, Howe, TX 75459
      View Details
    • $868,000

      Unimproved Land in Grayson County

      Seven 1+ acre estate lots in Howe, TX.
      3243 HARRELL, No City, TX 75459
      View Details
    • $1,168,937

      Development Land with Extensive Frontage

      Large acreage at a major corner location with substantial road frontage and interim surface leasing potential.
      2164 MIDWAY ACRES Drive, Howe, TX 75459
      View Details
    • $870,675

      18.525 Acres Land in Howe, TX

      18.525 acre Ag Exempt land in Sherman ETJ.
      MIDWAY ACRES Drive, Howe, TX 75459
      View Details
    • $1,350,000

      Development Land with Existing Improvements

      Versatile acreage with road frontage, on-site utilities, and income-producing dwellings and agricultural structures for flexible development.
      992 Bennett Road, Howe, TX 75459
      View Details
    • $2,090,000

      63.86 Acres of Unimproved Land

      63.86 acres of land in Howe, TX, near major highways.
      3243 Harrell, Howe, TX 75459
      View Details
    • $390,000

      Grayson County Land For Sale

      5.628 acres in Grayson County, suitable for development or agriculture.
      Bennett Road, Howe, TX 75459
      View Details
    • $3,000,000

      Agricultural Land with Major Frontage

      60.4± acres with extensive FM 902 and Smith Road frontage, currently under an AG exemption for potential tax benefits.
      Fm-902, Howe, TX 75092
      View Details

    FAQs

    What type of property is this?
    Commercial land - 13.8+ acre tract in high-growth North Texas corridor.
    Where is this commercial land located?
    The property is located at N Collins Freeway Howe, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Prime location in the high‑growth Sherman/North Texas corridor along Highway 75.; Proximity to major industrial developments, including Texas Instruments' multi‑billion‑dollar campus.; Strong frontage on both Highway 75 and Highway 5, providing excellent access and visibility.
    (850) 450-0442
    We can help!
    Listing Contact
    Jeff Dowden
    Jeff Dowden
    Real Estate License ID: 0663053
    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
    N Collins Freeway, Howe, TX 75459
    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!