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$4,900,000

NAL Estimated Property Value

0 TBD FM 2264, New Fairview, TX, 76078

Off MarketInfo

About this property

243-acres in New Fairview and Northwest ISD offers unparalleled potential for residential development or private ranch use. Priced at $20,165 per acre, the land is currently zoned ag and conceptual plans we done to offer a potential of flexible lot sizes ranging from 0.51 to 5 acres, allowing for diverse development plans. The property features rolling terrain, mature trees, a couple of ponds. The site allows for potential individual wells and septic systems to reduce development costs. Strategically located just 5 minutes from Highway 287 and within 20 minutes of the booming Alliance Corridor, this site offers easy access to major employment hubs and an adjacent $300 million mixed-use development, further enhancing its appeal to developers and homebuyers.

Investor Tools

Property Icon
$4,900,000
Estimated Property Value
$0Estimated Mortgage Balance
$4,900,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$29,400 /month
Positive
Cash Flow Estimate:
$9,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: New Fairview

0 TBD FM 2264 | Property Details | No Agent List