Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1424 Longneck Rd Princeton, TX 75407
    Back to Search
    Property profile & analytics

    1424 Longneck Rd, Princeton, TX 75407

    View on Map
    • Commercial real estate
    • 12.82 lot acres
    For Sale
    $1,590,000
    View Listing →
    Prime Princeton Commercial Land For Sale
    $1,590,000

    Prime Princeton Commercial Land

    12.82 Acres, Commercial Potential

    1424 Longneck Rd, Princeton, TX 75407
    View Listing
    Property ID
    US82-4492558
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1424 Longneck Rd

    Lot size
    12.82 lot acres
    Property type
    Commercial real estate
    APN
    R616600514801

    Description

    This 12.82-acre property in Princeton, Texas, offers significant development potential. Currently zoned for agricultural use, the property boasts approximately 2.63 acres of buildable land outside the flood zone, making it ideal for a variety of commercial ventures. The future use plan designates this land for commercial development, presenting a unique opportunity for investors. Strategically located at the intersection of Longneck Road and Monte Carlo Boulevard, the property provides convenient access via two on-site points. Existing city water and sewer lines are readily available, simplifying infrastructure needs. The land itself is level and roughly graded, and includes a pre-existing residential structure. The property's location is further enhanced by its proximity to Highway 380, just one mile to the north, providing excellent accessibility. The APN is R616600514801. This versatile parcel presents a compelling investment opportunity in a rapidly growing area. The property's size and location make it suitable for a range of commercial or industrial uses, while its current agricultural zoning offers flexibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.504122608546
    Latitude
    33.189285976938

    Comparable in this City

    • Contact for pricing

      Princeton, Texas 10-Acre Paradise

      Updated home on 10 acres with lake views and pool.
      3840 County Road 770, Princeton, TX 75407
      View Details
    • $428,750
      3.43 Acres

      Homesite with Extensive FM Frontage

      Premium 3.43-acre homesite with a barn and wide farm-to-market road frontage in a planned, deed-restricted subdivision.
      Fm 1377, Princeton, TX 75407
      View Details
    • $994,200
      3,637 SF

      Custom Home with Workshop Barn

      Magnificent home with apartment, barns, and acreage near Hwy 380.
      10899 County Road 496, Princeton, TX 75407
      View Details
    • New
      $730,000
      1,984 SF

      Princeton, TX - Updated Home

      Updated home on 10 acres with pool and lake views.
      3840 County Road 770, Princeton, TX 75407
      View Details
    • $320,000
      3.30 Acres

      Acreage with Pond and Home

      3.3-acre tract in Princeton ETJ with a stock pond, storage, and a renovation-ready 3BR/2BA home.
      1157 County Road 490, Princeton, TX 75407
      View Details
    • New
      $5,555,625
      88.89 Acres

      Princeton Ranch: Development Opportunity

      88.89 acres near Hwy 380 expansion, ideal for development.
      3868 County Road 494, Princeton, TX 75407
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Princeton, Texas 10-Acre Paradise

      Updated home on 10 acres with lake views and pool.
      3840 County Road 770, Princeton, TX 75407
      View Details
    • $428,750
      3.43 Acres

      Homesite with Extensive FM Frontage

      Premium 3.43-acre homesite with a barn and wide farm-to-market road frontage in a planned, deed-restricted subdivision.
      Fm 1377, Princeton, TX 75407
      View Details
    • $994,200
      3,637 SF

      Custom Home with Workshop Barn

      Magnificent home with apartment, barns, and acreage near Hwy 380.
      10899 County Road 496, Princeton, TX 75407
      View Details
    • New
      $730,000
      1,984 SF

      Princeton, TX - Updated Home

      Updated home on 10 acres with pool and lake views.
      3840 County Road 770, Princeton, TX 75407
      View Details
    • $320,000
      3.30 Acres

      Acreage with Pond and Home

      3.3-acre tract in Princeton ETJ with a stock pond, storage, and a renovation-ready 3BR/2BA home.
      1157 County Road 490, Princeton, TX 75407
      View Details
    • New
      $5,555,625
      88.89 Acres

      Princeton Ranch: Development Opportunity

      88.89 acres near Hwy 380 expansion, ideal for development.
      3868 County Road 494, Princeton, TX 75407
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      1,984 SF

      Princeton TX Farm Ranch Retreat

      Updated home on 10 acres with lake view and pool.
      3840 County Road 770, Princeton, TX 75407
      View Details
    • Contact for pricing

      Prime Pad Site For Lease

      0.45 AC pad site with high visibility on US Highway 380.
      1000 W Princeton Dr, Princeton, TX 75407
      View Details
    • Contact for pricing

      Commercial Pad Sites Available

      Pad sites available for ground lease, build-to-suit, or sale.
      540 Fm 75, Princeton, TX 75407
      View Details
    • New
      $4,850 /Mo
      3,485 SF

      Princeton Retail Space For Rent

      Retail space in downtown Princeton with high foot traffic.
      601 N 4Th St, Princeton, TX 75407
      View Details
    • Contact for pricing
      1,997 SF

      Retail Space For Lease

      17,991 SF retail space available for lease.
      1600 E Princeton Dr, Princeton, TX 75407
      View Details
    • Contact for pricing
      12,580 SF

      Retail Center Near Princeton High

      Retail spaces for lease near Princeton High School.
      955 Princeton Dr, Princeton, TX 75407
      View Details
    View Listing
    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.
    1424 Longneck Rd
    Princeton, TX 75407
    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
    1424 Longneck Rd, Princeton, TX, 75407
    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!