Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    550 State Hwy 5th 5 Fairview, TX 75069-9453
    Property profile & analytics

    550 State Hwy 5th 5, Fairview, TX 75069-9453

    View on Map
    • Commercial real estate
    • 9,115 SF
    • 2.15 lot acres
    Off-Market
    Property ID
    US82-4034690
    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
    $1,400,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 550 State Hwy 5th 5

    Year built
    1998
    Lot size
    2.15 lot acres
    Zone code
    SFR
    Property type
    Commercial real estate
    APN
    R-3709-001-0010-1
    APU
    R370900100101

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 10, 2026 — 550 South Highway 5 LLC — Deed · related $1.8M · Bank Of The Ozarks
    Dec 19, 2017 — Jairus Pascale Photobackz INC Grant Deed · related —
    Dec 2, 2014 — R Rivas Family Ptshp LP M Christopher Construction LLC Grant Deed · related —
    Sep 25, 2013 — M Christopher Construction LLC Cotten John T & Emma L Trust Grant Deed $880k · American National Bank Texas

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,552,000
      Market price range: $515k - $1.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Collin
    State
    Texas
    Longitude
    -96.6393
    Latitude
    33.141
    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
    $28,129
    $842,103
    $728,053
    $1,570,156
    -
    $842,103
    $728,053
    $1,570,156

    Comparable in this City

    • Value Estimation by Request
      263,633 SF

      329 Town Pl

      Retail properties & Spaces
      329 Town Pl, McKinney, TX 75069
      View Details
    • Value Estimation by Request
      2.40 Acres

      910 State Hwy 5 Hwy

      Commercial real estate
      910 State Hwy 5 Hwy, Fairview, TX 75069
      View Details
    • Value Estimation by Request
      2.22 Acres

      1500 Industrial Blvd

      COMMERCIAL (GENERAL)
      1500 Industrial Blvd, Mckinney, TX 75069-7516
      View Details
    • Value Estimation by Request
      0.06 Acres

      Mckinney, TX 75069

      COMMERCIAL (GENERAL)
      Mckinney, TX 75069
      View Details
    • Value Estimation by Request

      Muse Pkwy

      Land
      0 Muse Pkwy, McKinney, TX 75069
      View Details
    • Value Estimation
      $805,000
      4,162 SF

      451 University Dr

      COMMERCIAL (GENERAL)
      451 University Dr, Mckinney, TX 75069-1812
      View Details

    Similar Nearby for Sale

    • $2,600,942
      2.40 Acres

      Fairview Retail/Office Land - 2.4 Acres

      Prime Fairview location, high-growth area, excellent visibility.
      910 State Hwy 5 Hwy, Fairview, TX 75069
      View Details
    • Contact for pricing
      2,453 SF

      Remodeled Retail/Office Building Near Downtown

      Remodeled retail/office building near McKinney's historic downtown.
      500 S Tennessee St, McKinney, TX 75069
      View Details
    • Contact for pricing

      Prime Pad Site Opportunity

      2.1-acre pad site in McKinney's busiest intersection.
      Redbud Blvd, Fairview, TX 75069
      View Details
    • Contact for pricing
      930 SF

      Turnkey Business Opportunity in McKinney

      Operating business, property, and inventory on a busy McKinney road.
      1503 S Mcdonald St, McKinney, TX 75069
      View Details
    • Contact for pricing

      Land for Development or Investment

      Highly visible land suitable for development or investment purposes.
      323 N Central Expy, McKinney, TX 75069
      View Details
    • Contact for pricing

      Land Tracts Available

      Available land tracts with frontage and visibility.
      900 East University Dr, McKinney, TX 75069
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail or Office Space Available

      Retail or office space for rent in downtown McKinney.
      200 N Mcdonald St, McKinney, TX 75069
      View Details
    • Contact for pricing
      12,041 SF

      Medical Office Space For Rent

      Medical office space available on Medical City McKinney campus.
      4820 Medical Center Dr, McKinney, TX 75069
      View Details
    • Contact for pricing
      3,005 SF

      Fairview Office Space For Lease

      Office space with I-75 frontage and walkable amenities.
      195 Murray Farm Rd, Fairview, TX 75069
      View Details
    • Contact for pricing
      10,162 SF

      Fairview Town Center Retail Space

      Retail spaces available in Fairview Town Center.
      113-240 Town Pl, Fairview, TX 75069
      View Details
    • Contact for pricing
      1,530 SF

      Hookah Lounge and Light Restaurant

      For-rent hookah lounge and light restaurant business setup in McKinney’s downtown district.
      301 E Virginia St, McKinney, TX 75069
      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.
    550 State Hwy 5th 5
    Fairview, TX 75069-9453
    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
    550 State Hwy 5th 5, Fairview, TX, 75069
    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!