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    3201 Fm 2194 Farmersville, TX 75442
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    3201 Fm 2194 Farmersville, TX 75442

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    • Land
    For Sale
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    Land Near Farmersville Schools For Sale
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    32.90 Acres

    Land Near Farmersville Schools

    Approximately 32.90 acres of land outside Farmersville, Texas ETJ.

    3201 FM2194, Farmersville, TX 75442
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    Property ID
    US82-7395312
    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

    • Land

    Property Details for 3201 Fm 2194

    Property type
    Land

    Description

    The west tract consists of ± 32.90 acres of land outside Farmersville ETJ off FM 2194 in Farmersville, Texas. The property is positioned north of both Farmersville Junior High School and Farmersville High School, and it is also in close proximity to Collin College.

    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
    Farmersville
    County
    Collin
    State
    Texas
    Longitude
    -96.3274202
    Latitude
    33.2028516

    Comparable in this City

    • $349,000
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      Land in Growing Farmersville, TX

      5.42 acres of land with easy access to 380.
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    • $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
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    • $355,315

      Unimproved Land on County Road

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

      Land Available in Farmersville, TX

      Land for sale in Collin County, Texas.
      3 County Road 703, Farmersville, TX 75442
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    • $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
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    • 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 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
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    • 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
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    • $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
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    Farmersville, TX 75442
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    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
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    3201 Fm 2194, Farmersville, TX, 75442
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