Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2891 Co Rd Farmersville, TX 75442
    Property profile & analytics

    2891 Co Rd Farmersville, TX 75442

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

    Current Use by Public Records

    • Land

    Property Details for 2891 Co Rd

    Lot size
    150.00 lot acres
    Property type
    Land

    Description

    This exceptional 150-acre commercial land parcel presents a remarkable investment opportunity in the thriving Farmersville, Texas market. Located in Collin County, at 2891 County Road 696, zip code 75442, this property boasts a desirable Pasture zoning designation. The expansive acreage (6,534,000 square feet), identified by APN R667500206301, offers significant potential for a wide range of development projects. With a list price of $7,000,000, the price per acre is $46,666.67, representing a compelling value in this rapidly growing area. The property's location provides convenient access to major transportation routes, combining rural tranquility with excellent connectivity. Its size and zoning make it suitable for various uses, including but not limited to, residential subdivisions, commercial ventures, or agricultural enterprises. This is a rare opportunity to acquire a substantial land holding in a highly sought-after Texas location, poised for significant future appreciation. The property is currently offered as a single multi-parcel lot, and is not currently part of a planned development. Buyers should conduct their own due diligence regarding subdivision potential.

    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
    -96.3042
    Latitude
    33.1131

    Comparable in this City

    • Value Estimation by Request
      59.23 Acres

      381 Co Rd

      Farms • 59.23 Acres
      381 Co Rd, Farmersville, TX 75442
      View Details
    • Value Estimation by Request
      11.59 Acres

      1A County Road 703

      Land • 11.59 Acres
      1A County Road 703, Farmersville, TX 75442
      View Details
    • Value Estimation by Request
      2.33 Acres

      12233 Fm 2756

      Land • 2.33 Acres
      12233 Fm 2756, Farmersville, TX 75442
      View Details
    • Value Estimation by Request
      27.83 Acres

      983 State Highway 78

      Land • 27.83 Acres
      983 State Highway 78, Farmersville, TX 75442
      View Details
    • Value Estimation by Request
      11.50 Acres

      1 County Road 703

      Farms • 11.50 Acres
      1 County Road 703, Farmersville, TX 75442
      View Details
    • Value Estimation by Request
      2,085.00 Acres

      1908 Harvard Blvd

      Land • 2,085.00 Acres
      1908 Harvard Blvd, Farmersville, TX 75442
      View Details

    Similar Nearby for Sale

    • $349,000
      5.42 Acres

      Land in Growing Farmersville, TX

      5.42 acres of land with easy access to 380.
      1110 County Road 697, Farmersville, TX 75442
      View Details
    • $824,999
      21.72 Acres

      21.72 Acres in Farmersville, TX

      21.72-acre tract with pond, barn, mobile home, and fencing.
      5594 Creekview Dr, Farmersville, TX 75442
      View Details
    • $355,315

      Unimproved Land on County Road

      Unimproved land available on County Road 703, Farmersville, TX.
      2 County Road 703, Farmersville, TX 75442
      View Details
    • $355,315

      Land Available in Farmersville, TX

      Land for sale in Collin County, Texas.
      3 County Road 703, Farmersville, TX 75442
      View Details
    • $725,000
      10.00 Acres

      Farmersville Land with Development Potential

      10-acre property ideal for dream home or business development.
      839 Cedar Ridge Ct, Farmersville, TX 75442
      View Details
    • Contact for pricing

      109 Acres Development Opportunity

      109 acres suitable for development or investment in Farmersville, TX.
      Prime Development Or Investment Opportunity, Farmersville, TX 75442
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      908,592 SF

      20 Acres Farmland with Ponds

      20+ acres of farmland with ponds available for lease.
      18081 Burden Ranch Est, Farmersville, TX 75442
      View Details
    • Contact for pricing
      6,110 SF

      Retail Space For Lease

      Retail space with excellent visibility and monument signage available.
      1804 W Audie Murphy Pkwy, Farmersville, TX 75442
      View Details
    • $3,125 /Mo
      36,024 SF

      Highway Frontage Retail/Office Space

      Versatile 4,420 SF space on Highway 380 with high visibility.
      469 W Audie Murphy Pkwy, Farmersville, TX 75442
      View Details
    • $1,100 /Mo
      553 SF

      Downtown Farmersville Office Space Available

      Move-in ready office spaces in a prime downtown location.
      131 Mckinney St, Farmersville, TX 75442
      View Details
    • $800 /Mo
      396 SF

      Farmersville Office Space For Lease

      Professional office spaces for lease in downtown Farmersville, Texas.
      131 Mckinney St, Farmersville, TX 75442
      View Details
    • $2,000 /Mo
      1,280 SF

      Secluded 19-Acre Farm Ranch

      Secluded 19 acres close to shopping and dining.
      2383 State Highway 78 S, Farmersville, TX 75442
      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.
    2891 Co Rd
    Farmersville, TX 75442
    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
    2891 Co Rd, Farmersville, TX, 75442
    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!