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$6,750,000

000 Chisam Road, Sanger, TX, 76266

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About this property

Exceptional opportunity to acquire ±138.027 acres in the rapidly growing North Texas market. Located in Sanger, Texas, the North Star development has been preliminarily platted for 60 estate-style residential lots averaging approximately 2 acres each, offering developers a rare chance to bring a highly desirable acreage-lot community to one of Denton County's fastest-growing areas. The property features approximately 1281 feet of frontage along Chisam Road with convenient access to I-35, Denton, Lake Ray Roberts, and the Dallas-Fort Worth Metroplex. Significant development work has already been completed, including an executed Non-Standard Service Agreement with Bolivar Water Supply Corporation that provides a framework for water service to the development, with associated infrastructure costs to be assumed by the purchaser. The preliminary plat incorporates a 60-foot-wide access easement for private roadway throughout the development, as well as dedicated drainage, water, and utility easements designed to support future residential construction and long-term community infrastructure. With strong population growth, increasing demand for acreage homesites, and limited large-lot inventory available in North Texas, this property presents an outstanding opportunity for developers, builders, and investors seeking a well-positioned residential development project with significant upside potential.

Investor Tools

$0Estimated Mortgage Balance
$6,750,000Estimated 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
$40,500 /month
Positive
Cash Flow Estimate:
$13,500 /month

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Kourtney Schniederjan

Real Broker, LLC

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Financing Details

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

City: Sanger

000 Chisam Road | Property Details | No Agent List