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    547 Co Rd Farmersville, TX 75173

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    547 Co Rd Farmersville, TX 75173

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    • Land
    • 33.48 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 547 Co Rd

    Lot size
    33.48 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 33.48-acre property in Collin County, Texas, presents a remarkable investment opportunity. Located near Lake Lavon and just west of the Hwy 78 corridor, this unzoned land boasts easy access to I-30 and Hwy 380, providing convenient connectivity. Currently designated as agricultural land, this expansive tract offers unparalleled flexibility. With no restrictions, the possibilities are vast, ranging from residential development and RV parks to mobile home communities or storage facilities. Imagine a thriving ranch or capitalize on the area's rapid growth. Nearby, established residential communities feature homes valued at $700,000+, showcasing the area's desirability. Utilities are readily accessible, with electricity at the street and water approximately 1200 feet away. The property's proximity to Lake Lavon adds significant recreational appeal, easily accessed at the end of CR 547. This is a rare chance to acquire a substantial parcel in one of the nation's fastest-growing and most desirable counties. The asking price is $2,750,000. The address is Co Rd 547, Nevada, TX 75173, within Collin County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmersville
    County
    Collin
    State
    Texas
    Longitude
    -96.4394
    Latitude
    33.0852

    Comparable in this City

    • Value Estimation by Request
      80.00 Acres

      78 State Hwy

      Farms • 80.00 Acres
      78 State Hwy, Nevada, TX 75173
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    • Value Estimation by Request

      Seq C.r. 591 & C.r. 592

      Farms
      0 Seq C.r. 591 & C.r. 592, Nevada, TX 75173
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    • Value Estimation by Request
      31.07 Acres

      15325 Co Rd

      Land • 31.07 Acres
      15325 Co Rd, Nevada, TX 75173
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    • Value Estimation by Request
      0.73 Acres

      Josephine, TX 75173

      VACANT COMMERCIAL LAND • 0.73 Acres
      Josephine, TX 75173
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    • Value Estimation by Request
      0.18 Acres

      Fm 6th 6

      VACANT COMMERCIAL LAND • 0.18 Acres
      Fm 6th 6, Nevada, TX 75173
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    • Value Estimation by Request
      0.50 Acres

      County Rd 549

      VACANT COMMERCIAL LAND • 0.50 Acres
      County Rd 549, Nevada, TX 75173
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $6,500 /Mo
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      Office with Secured Yard in Nevada

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    • Contact for pricing
      87,120 SF

      Nevada, Texas Commercial Office Space

      Commercial office with a 2-acre yard for lease.
      1939 County Road 596, Nevada, TX 75173
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    547 Co Rd
    Farmersville, TX 75173
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    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
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