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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4083 Fm 1461 McKinney, TX 75071

    • Commercial real estate
    • 11.92 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4217259
    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

    • Commercial real estate

    Property Details for 4083 Fm 1461

    Lot size
    11.92 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11.918-acre commercial property in Collin County, Texas, presents a prime investment opportunity. Located at 4083 FM1461, McKinney, TX 75071, this ETJ-zoned land boasts over 280 feet of frontage on Laud Howell Parkway, offering excellent visibility and accessibility. Future connection to Highway 75 is anticipated, enhancing its strategic location near major thoroughfares like the Outer Loop, 380, Lake Forest, and Preston Road. The property's value is primarily in the land itself, but also includes existing improvements: a four-bedroom, two-bathroom home with a three-car garage, a 30' x 40' shop with an overhead door, and a 60' x 55' animal barn. The shop area was previously used for a plumbing business, and depending on zoning, the home could potentially accommodate an office business. This location benefits from its proximity to thriving residential communities such as Highland Lakes, Painted Tree, and Aster Park, providing a strong potential customer base. The asking price for this significant commercial land parcel is $7,000,000.

    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
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.686538173772
    Latitude
    33.26143007009

    Comparable in this City

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      Unimproved 0.32 acre lot suitable for custom home.
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    • $1,500,000
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      Land For Sale McKinney, TX

      3.72 acre commercial land available in McKinney, Texas.
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    Similar Nearby for Sale

    • Contact for pricing
      4.90 Acres

      McKinney Marketplace: Junior Anchor Space

      Prime McKinney retail land, ±19,000 SF available.
      0 Virginia Pkwy, McKinney, TX 75071
      View Details
    • $3,500,000
      44.97 Acres

      Ag-Exempt Land in Developing Corridor

      45-acre ag-exempt property near McKinney with long-term potential.
      5781 County Road 471, McKinney, TX 75071
      View Details
    • $335,000
      1.00 Acre

      Waterstone Estates 1-Acre Homesite

      1-acre lot in Waterstone Estates, McKinney, with community amenities.
      C-41 Lake Shore Dr, McKinney, TX 75071
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    • $149,900
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      Residential Land in New Hope, TX

      Unimproved 0.32 acre lot suitable for custom home.
      180 Cherokee Dr, McKinney, TX 75071
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    • $1,500,000
      3.72 Acres

      Land For Sale McKinney, TX

      3.72 acre commercial land available in McKinney, Texas.
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    Similar Nearby for Lease

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      Wilmeth Road Prime Commercial Land

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      Land available in booming McKinney market with logistical efficiency.
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      25 SF

      Land Near US HWY 380

      Land for rent within McKinney ETJ, close to US HWY 380.
      3250 County Road 405, McKinney, TX 75071
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      Retail Destination in McKinney, Texas

      Premier retail destination in McKinney, Texas, anchored by Kroger Marketplace.
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      500,000 SF

      Planned Retail Destination in McKinney

      500,000 SF retail, restaurant, and entertainment destination.
      1718 N Custer Rd, McKinney, TX 75071
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    • Contact for pricing

      Retail Destination in McKinney, Texas

      Premier retail destination in fast-growing McKinney, Texas.
      5848 Fm 1461, McKinney, TX 75071
      View Details
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    4083 Fm 1461
    McKinney, TX 75071
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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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