Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    108 Mckinney St Farmersville, TX 75442

    • Commercial real estate
    • 2,640 SF
    • 0.08 lot acres
    For Lease
    View listing
    $1,750 /Mo
    Last Sale
    Dec 31, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0156487
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • JUNE WEST, REALTOR, RE/MAX FOUR CORNERS / Real Estate Agency
    • RE/MAX 3D Real Estate- Farmersville / Real Estate Agency
    • Landmark Family Medicine, Mark Urish PA-C / Medical Clinic
    • RE/MAX Country Northeast: Tony Johnson / Real Estate Agency
    • June West, REALTOR RE/MAX Four Corners / Real Estate Agency

    Property Details for 108 Mckinney St

    Year built
    1900
    Lot size
    0.08 lot acres
    Property size
    2,640 SF
    Zone code
    CBD
    Property type
    Commercial real estate
    APN
    R-1045-002-0080-1
    APU
    R104500200801

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmersville
    County
    Collin
    State
    Texas
    Longitude
    -96.3604
    Latitude
    33.1636
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,749
    $43,478
    $219,942
    $263,420
    -
    $43,478
    $219,942
    $263,420

    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
      32.53 Acres

      2556 Lk Ave

      COMMERCIAL (GENERAL) • 32.53 Acres
      2556 Lk Ave, Farmersville, TX 75442-7574
      View Details
    • Value Estimation
      $5,540,000
      50,523 SF

      205 Central N Ave

      COMMERCIAL (GENERAL) • 50,523 SF
      205 Central N Ave, Farmersville, TX 75442-1715
      View Details
    • Value Estimation by Request
      12 SF

      140 County Rd 557

      COMMERCIAL (GENERAL) • 12 SF
      140 County Rd 557, Farmersville, TX 75442-7000
      View Details
    • Value Estimation by Request
      1,520 SF

      Fm 36

      COMMERCIAL (GENERAL) • 1,520 SF
      Fm 36, Farmersville, TX 75442
      View Details
    • Value Estimation by Request
      575 SF

      116 Main St

      COMMERCIAL (GENERAL) • 575 SF
      116 Main St, Farmersville, TX 75442
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,085.00 Acres

      Farmersville Mixed-Use Land Opportunity

      Prime Commercial Land, High Growth Area
      1908 Harvard Blvd, Farmersville, TX 75442
      View Details
    • $3,199,000
      4,680 SF

      Farmersville Highway 78 Business

      Turnkey Business, High Traffic Area
      712 State Hwy 78 Hwy, Farmersville, TX 75442
      View Details
    • Contact for pricing
      109.00 Acres

      Farmersville, TX Commercial Land

      109 Acres, Prime Development Opportunity
      0 Prime Development Or Investment Opportunity, Farmersville, TX 75442
      View Details
    • $1,400,000
      4.50 Acres

      Prime Missoula Office Space

      3,070 sq ft, 16 parking spaces
      2685 Audie Murphy Pkwy, Farmersville, TX 75442
      View Details
    • Contact for pricing
      2.51 Acres

      Farmersville Commercial Land - Hwy 380

      Prime 2.5-acre commercial lot, Hwy 380 frontage.
      420 Audie Murphy Pkwy, Farmersville, TX 75442
      View Details
    • $4,027,300
      59.23 Acres

      Farmersville Industrial Land

      ±59 Acres, Hwy 380 Access
      381 County Road 699, Farmersville, TX 75442
      View Details

    Similar Nearby for Lease

    • 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
    • New
      $1,750 /Mo
      1,263 SF

      Charming Office in Historic Downtown

      Charming 1,500 sq ft property in historic downtown Farmersville.
      108 Mckinney St, 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
    • Contact for pricing
      1,560 SF

      Murphy Crossing Retail Space

      Prime Collin County retail space available.
      1806 Audie Murphy Pkwy, Farmersville, TX 75442
      View Details
    • $800 /Mo

      Downtown Farmersville Office Space Available

      Move-in ready office space in historic downtown Farmersville.
      131 Mckinney 208, 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.
    108 Mckinney St
    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

    Google sign-in failed. Please try again or use another login method.