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

    00 County Road 670 Blue Ridge, TX 75424

    • Land
    • 36.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 00 County Road 670

    Lot size
    36.50 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 36.5-acre agricultural property is ideally situated in Blue Ridge, Texas, within Eastern Collin County. Conveniently located just a few miles from Highway 78, this expansive land parcel offers significant potential for various agricultural uses. The property boasts a substantial lot size of 1,589,765 square feet, providing ample space for farming, ranching, or other agricultural endeavors. Its location in Collin County, Texas, offers access to established infrastructure and a thriving community. The asking price for this remarkable opportunity is $1,010,939. The property's address is 00 County Road 670, Blue Ridge, TX 75424. A virtual tour is available online for a comprehensive view of the land. This is a rare chance to acquire a sizable tract of agricultural land in a desirable location with excellent access to major transportation routes. Serious inquiries are encouraged to explore the possibilities this property presents. The property is zoned for agricultural use. Buyers are responsible for conducting their own due diligence regarding zoning and permitted uses. This information is deemed reliable but not guaranteed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ridge
    County
    Collin
    State
    Texas
    Longitude
    -96.3368
    Latitude
    33.3191

    Comparable in this City

    • Value Estimation by Request
      17.44 Acres

      0000 Cr-626 Blue Rdg

      Farms • 17.44 Acres
      0000 Cr-626 Blue Rdg, Blue Ridge, TX 75424
      View Details
    • Value Estimation by Request
      38.44 Acres

      8051 Fm 545

      Farms • 38.44 Acres
      8051 Fm 545, Blue Ridge, TX 75424
      View Details
    • Value Estimation by Request
      44.52 Acres

      County Road 633

      Land • 44.52 Acres
      0 County Road 633, Blue Ridge, TX 75424
      View Details
    • Value Estimation by Request
      44.79 Acres

      10790 Co Rd

      Land • 44.79 Acres
      10790 Co Rd, Blue Ridge, TX 75424
      View Details
    • Value Estimation by Request
      25.26 Acres

      CR-672 Blue Rdg

      Land • 25.26 Acres
      CR-672 Blue Rdg, Blue Ridge, TX 75424
      View Details
    • Value Estimation by Request
      90.45 Acres

      County Road 627

      Land • 90.45 Acres
      0 County Road 627, Blue Ridge, TX 75424
      View Details

    Similar Nearby for Sale

    • $1,265,000
      17.44 Acres

      Prime Collin County Land

      17 Acres, Development Ready
      0000 Blue Ridge, Blue Ridge, TX 75424
      View Details
    • $398,700
      5.00 Acres

      5-Acre Corner Lot in Collin

      5-acre corner lot with barn near McKinney, Melissa, Anna.
      Tbd County Rd 501, Blue Ridge, TX 75424
      View Details
    • $4,800,000
      93.76 Acres

      Blue Ridge 94-Acre Development Opportunity

      94 acres in Blue Ridge, TX with development potential.
      7150 Old Valdasta Rd, Blue Ridge, TX 75424
      View Details
    • $699,942
      2,109 SF

      Blue Ridge Ranch with Stocked Lake

      9+ acre Blue Ridge ranch featuring a stocked lake.
      8511 State Highway 78 N, Blue Ridge, TX 75424
      View Details
    • $1,199,990
      3,380 SF

      Equestrian Estate with Covered Arena

      17-acre equestrian property featuring a renovated home and extensive facilities.
      16283 County Road 1004, Blue Ridge, TX 75424
      View Details
    • $1,399,999
      4,139 SF

      Sprawling Ranch with Development Potential

      15+ acre ranch featuring a main home and barndominium.
      8505 County Road 500, Blue Ridge, TX 75424
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      5 Acres Horse Property

      Land with charming home, suitable for horses and other animals.
      7792 Fm 545, Blue Ridge, TX 75424
      View Details
    • $9,500 /Mo
      39,901 SF

      Commercial Property in Blue Ridge

      Commercial property available for rent in Blue Ridge, Texas.
      600 Fm 981, Blue Ridge, TX 75424
      View Details
    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.
    00 County Road 670
    Blue Ridge, TX 75424
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!