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Property profile & analytics
OFF-MARKET
Commercial real estate

983 State Highway 78 Farmersville, TX 75442

27.83 ac lot
Individually Owned 9-yr Hold
Property ID
US82-3928333
Property summary
AI-generated overview

This exceptional 27.83-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding Farmersville, Texas market. Located at 983 S State Hwy 78 in Collin County, this property offers significant potential for a variety of commercial or residential developments. The expansive acreage provides ample space for large-scale projects, catering to the growing demand for commercial space in this thriving area. The property's strategic location along State Highway 78 ensures high visibility and convenient access for businesses and residents alike. The asking price is $11,700,000. Buyers are responsible for obtaining a new survey of the property. This is a rare opportunity to acquire a substantial land holding in a prime location with exceptional growth prospects. The property's zoning and development potential should be independently verified by prospective buyers. A virtual tour is available online to provide a comprehensive view of the land and its surroundings. This is an ideal investment for developers seeking to capitalize on the burgeoning economic activity in Farmersville and Collin County. The property's size and location make it suitable for a wide range of commercial ventures, from retail and office spaces to industrial facilities. Don't miss this chance to secure a piece of Texas's dynamic commercial real estate market. The zip code is 75442.

Property profile
Verified
Property type Commercial real estate
Lot 27.83 ac (1,212,275 SF)
UPID US82-3928333
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jack Hendricks · 9 yrs held
Jack Hendricks
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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