Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    902 And Future Harrell Rd Howe, TX 75459
    Back to Search
    Property profile & analytics

    902 And Future Harrell Rd, Howe, TX 75459

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

    Current Use by Public Records

    • Land

    Property Details for 902 And Future Harrell Rd

    Lot size
    75.88 lot acres
    Property type
    Land

    Description

    This exceptional 75.88-acre property presents a remarkable investment opportunity in Howe, Texas. Situated at the southwest corner of FM 902 and the future Harrell Road, this unzoned land boasts over 2,100 feet of frontage on FM 902 and 1,700 feet on the future Harrell Road, offering significant commercial development potential. The property is ideally located within the highly-rated Howe Independent School District and is conveniently situated just 3 miles east of Highway 75 and less than 7 miles from Texas Instruments' substantial new microchip production facility. Currently utilized for farming and benefiting from an agricultural tax exemption, this land is ready for immediate development or represents a strong buy-and-hold investment. Water is provided by Luella Water. The property's strategic location and substantial size make it an attractive prospect for a variety of commercial ventures. With its potential for future 1-acre lot development, this land offers a unique blend of immediate and long-term investment potential. The Grayson County location and access to major transportation arteries further enhance its appeal. APN numbers are 255697 and 130577. The asking price is $5,918,640.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Howe
    County
    Grayson
    State
    Texas
    Longitude
    -96.5673
    Latitude
    33.517

    Comparable in this City

    • Value Estimation by Request
      59.00 Acres

      Enloe Rd

      Farms
      0 Enloe Rd, Howe, TX 75459
      View Details
    • Value Estimation by Request
      53.00 Acres

      Sam Rayburn Fwy

      Multifamily properties
      0 Sam Rayburn Fwy, Dorchester, TX 75459
      View Details
    • Value Estimation by Request
      63.80 Acres

      3243 Harrell Rd

      Land
      3243 Harrell Rd, Howe, TX 75459
      View Details
    • Value Estimation by Request
      53.00 Acres

      Bennett Rd

      Farms
      0 Bennett Rd, Howe, TX 75459
      View Details
    • Value Estimation by Request

      999 Harrell Rd

      Farms
      999 Harrell Rd, Howe, TX 75459
      View Details
    • Value Estimation by Request
      13.95 Acres

      2554 Bennett Rd

      Land
      2554 Bennett Rd, Howe, TX 75459
      View Details

    Similar Nearby for Sale

    • $2,560,000
      63.80 Acres

      Howe, TX Commercial Land

      63.8 Acres Near Texas Instruments
      3243 Harrell Rd, Howe, TX 75459
      View Details
    • $7,560,000

      Grayson County Land For Sale

      Land available in Grayson County, near FM-902 and Bennett Road.
      0001 Fm 902, Howe, TX 75459
      View Details
    • $195,000
      6.77 Acres

      6.77 Acres Partially Treed Land

      6.77 acres of partially treed land in Howe, Texas.
      0000 Fm 902, Howe, TX 75459
      View Details
    • Contact for pricing

      75.88 Acres Ready for Development

      75.88 acres in Howe, TX, ready for development.
      902 And Future Harrell Rd, Howe, TX 75459
      View Details
    • $868,000

      Land at Harrell and Schneider

      Land available at the northwest corner of Harrell and Schneider.
      3243 Harrell Rd, Howe, TX 75459
      View Details
    • $2,090,000
      63.86 Acres

      63.86 Acres of Unimproved Land

      63.86 acres of land in Howe, TX, near major highways.
      3243 Harrell Rd, Howe, TX 75459
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,360 SF

      Move-in Ready Howe Office Space

      Remodeled office space suitable for various professional uses.
      102 S Collins Fwy, Howe, TX 75459
      View Details
    • $2,700 /Mo
      10,890 SF

      Move-in Ready Howe Office Space

      Remodeled office space suitable for various business types.
      102 S Collins Fwy, Howe, TX 75459
      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.
    902 And Future Harrell Rd
    Howe, TX 75459
    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
    902 And Future Harrell Rd, 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!