Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15325 Co Rd Nevada, TX 75173

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15325 Co Rd Nevada, TX 75173

    View on Map
    • Land
    • 31.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 15325 Co Rd

    Lot size
    31.07 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 31.07-acre property in Collin County, Texas, presents a unique development opportunity near Lake Lavon. Currently zoned F1 for commercial and agricultural use, the land boasts pre-approved plans for an RV park and a substantial 6,500 square-foot shop. The existing shop features two roll-up doors, two 250-amp electrical panels, a generator, and a propane tank, providing immediate utility. Comprehensive site plans, drainage solutions, and a completed plat are readily available for review, streamlining the development process. The property's strategic location offers significant potential for multiple income streams. Imagine a thriving RV park with approximately 137 potential RV pad rentals, complemented by an on-site RV repair center housed within the existing shop. A welcome center, incorporating amenities such as a laundry facility, community store, and clubhouse, could further enhance the property's appeal and revenue generation. This turnkey opportunity combines existing infrastructure with significant expansion potential, making it an ideal investment for developers seeking substantial returns. The property is located at 15325 Co Rd 549, Nevada, TX 75173. The asking price is $1,875,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nevada
    County
    Collin
    State
    Texas
    Longitude
    -96.4195
    Latitude
    33.0804

    Comparable in this City

    • Value Estimation by Request
      80.00 Acres

      78 State Hwy

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

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

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

      547 Co Rd

      Farms • 33.48 Acres
      547 Co Rd, Farmersville, TX 75173
      View Details
    • Value Estimation
      $770,000
      32,250 SF

      14601 County Rd 489

      MANUFACTURING (LIGHT) • 32,250 SF
      14601 County Rd 489, Nevada, TX 75173-6323
      View Details
    • Value Estimation by Request
      2,000 SF

      78 Business

      COMMERCIAL (GENERAL) • 2,000 SF
      78 Business, Nevada, TX 75173
      View Details
    • Value Estimation by Request
      1,376 SF

      14040 County Rd 489

      COMMERCIAL (GENERAL) • 1,376 SF
      14040 County Rd 489, Nevada, TX 75173-6036
      View Details

    Similar Nearby for Sale

    • $160,000
      1.00 Acre

      Unimproved Land in Collin County

      One acre of unimproved land in Nevada, Texas.
      000 Fm 1138, Nevada, TX 75173
      View Details
    • $80,000
      0.11 Acres

      Ready Lot in Nevada, TX

      5000 sqft lot with utilities installed, RV hookup ready!
      5630 County Road 919, Nevada, TX 75173
      View Details
    • $3,348,000
      33.48 Acres

      33.48 Acres Near Lake Lavon

      Unrestricted land near Lake Lavon and future Collin County Outer Loop.
      33.48 Cr-547, Nevada, TX 75173
      View Details
    • $60,000
      0.11 Acres

      Unrestricted Land with Investment Potential

      Unimproved land offering privacy, value, and endless possibilities.
      Tbd County Rd 919, Nevada, TX 75173
      View Details
    • $365,000
      6.16 Acres

      6.155 Acres Uninterrupted Land

      Uninterrupted 6.155-acre land tract, ready for development.
      1353 Park Meadows Dr, Nevada, TX 75173
      View Details
    • $100,000
      0.25 Acres

      Nevada, TX Land Opportunity

      0.25-acre lot with utilities near Lake Lavon.
      7350 County Road 966, Nevada, TX 75173
      View Details

    Similar Nearby for Lease

    • 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
      View Details
    • $6,500 /Mo
      87,120 SF

      Office with Secured Yard in Nevada

      Commercial office with a 2-acre secured yard for lease.
      1939 County Road 596, Nevada, TX 75173
      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.
    15325 Co Rd
    Nevada, TX 75173
    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!