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    Property profile & analytics

    Fm 741 & Hwy 175 Crandall, TX 75114

    • Land
    • 7.90 lot acres
    For Sale
    View listing
    $3,795,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Fm 741 & Hwy 175

    Lot size
    7.90 lot acres
    Property type
    Land

    Description

    This exceptional 7.9-acre multifamily development opportunity in Crandall, Texas, presents significant potential. Located at the intersection of FM 741 and Highway 175 in Kaufman County (APN 37943), this property boasts prime visibility due to its frontage on US 175 and the newly constructed Spring Creek Boulevard. The asking price is $3,795,000. The property is zoned PD, allowing for the development of up to 1,489 residential units across the River Ridge North and South areas. The land is divisible into smaller tracts, offering flexibility for various development scenarios. Utilities are readily available for development

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crandall
    County
    Kaufman
    State
    Texas
    Longitude
    -96.4512
    Latitude
    32.6657

    Comparable in this City

    • Value Estimation by Request
      226.00 Acres

      9601 Co Rd

      Farms • 226.00 Acres
      9601 Co Rd, Crandall, TX 75114
      View Details
    • Value Estimation by Request
      10.26 Acres

      Tract C Stitzle Rd

      Farms • 10.26 Acres
      0 Tract C Stitzle Rd, Crandall, TX 75114
      View Details
    • Value Estimation by Request
      22.01 Acres

      1 Stitzle Rd

      Farms • 22.01 Acres
      1 Stitzle Rd, Crandall, TX 75114
      View Details
    • Value Estimation by Request
      10.01 Acres

      Tract B Stitzle Rd

      Land • 10.01 Acres
      0 Tract B Stitzle Rd, Crandall, TX 75114
      View Details
    • Value Estimation by Request
      10.05 Acres

      Tract D Stitzle Rd

      Farms • 10.05 Acres
      0 Tract D Stitzle Rd, Crandall, TX 75114
      View Details
    • Value Estimation by Request
      0.75 Acres

      & FM-741 Sec Of Spg Crk Blvd

      Land • 0.75 Acres
      & FM-741 Sec Of Spg Crk Blvd, Crandall, TX 75114
      View Details

    Similar Nearby for Sale

    • $3,795,000
      7.90 Acres

      Crandall Multifamily Investment Opportunity

      7.9-acre tract, 1489 units zoned.
      0 Fm 741 & Hwy 175, Crandall, TX 75114
      View Details
    • Contact for pricing
      226.00 Acres

      Prime 226-Acre Kaufman County Land

      Texas Ranch: Development Potential
      9601 County Road 262, Crandall, TX 75114
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    • Contact for pricing
      0.75 Acres

      Shops at Crandall: Prime Commercial Land

      Texas commercial land, ideal DFW location.
      & FM-741 Sec Of Spg Crk Blvd, Crandall, TX 75114
      View Details
    • $377,000

      Land For Sale Crandall, TX

      Land available for purchase in Crandall, Texas.
      Stitzle Rd, Crandall, TX 75114
      View Details
    • New
      $325,000
      2.76 Acres

      Unrestricted Land Near Highway 120

      2.75 acres with no HOA, no zoning near Highway 120.
      8796 Griffin Ln, Crandall, TX 75114
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    • $499,900

      Land Available in Crandall, Texas

      Land for sale in Crandall, TX, priced at $499,900.
      9039 Prairie Chapel Rd, Crandall, TX 75114
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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Shops at Crandall: Retail Space Available

      Prime Retail Space in Growing Crandall, TX
      & FM-741 Sec Of Spg Crk Blvd, Crandall, TX 75114
      View Details
    • $17 SF/Yr

      Crandall Office Suite For Lease

      2,000 SF office suite in growing Crandall, TX community.
      1101 101, Crandall, TX 75114
      View Details
    • $3,250 /Mo
      33,598 SF

      Versatile Retail/Office Space on Highway

      4,420 SF commercial space on Highway 175 in Crandall, TX
      111 Lone Star Rd, Crandall, TX 75114
      View Details
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    Crandall, TX 75114
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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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