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$750,000

521 New Hope Rd W, TX, 75071

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths798 Sq Ft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling

Exterior

Lot Size2 acres

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-6157-003-0640-1
Lot Number64
SubdivisionH T Chenoweth Survey
Land UseResidential
Legal DescriptionABS A0157 H T CHENOWETH SURVEY, SHEET 3, TRACT 64, 2.0 ACRES
Census Tract031003
Assessed Land Value$170,000
Assessed Improvement Value$26,660
Assessment Year2025

About this property

±2.0-acre commercial land opportunity at 521 & 541 W New Hope Rd, located inside the Town of New Hope town limits in Collin County, approximately 0.6 miles northeast of the point where TxDOT's proposed US 380 Bypass reconnects to existing US 380 at FM 1827 - a location TxDOT has identified as a planned grade-separated interchange.? The property is zoned CC - Community Commercial under Town of New Hope Comprehensive Zoning Ordinance No.? 2024-010, requiring no rezoning for permitted commercial uses.? Water service is available through North Collin Special Utility District with a water line to the site, and the tract offers ±200 LF of frontage on New Hope Rd W (FM 1827).? No floodplain is shown onsite per the FEMA Flood Map.? The tract lies outside any sewer CCN and is served by on-site septic, which favors lower-flow commercial uses while preserving the site for higher-intensity development should sanitary sewer reach New Hope.? Long-term value is supported by TxDOT's September 2023 Record of Decision on the bypass corridor, right-of-way acquisition that began in 2024, Collin County's ±$227.1 million commitment to advance utility relocations, and an additional $700 million allocated to the US 380 corridor in TxDOT's 2025 Unified Transportation Program.? Positioned in the growth corridor between McKinney and Princeton, this is a compelling small-acreage land hold in one of North Texas' fastest-growing submarkets.?

Investor Tools

$0Estimated Mortgage Balance
$261,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

Interested in this property?

Logan Call

Franklin Land Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$347/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,862
$196,660
2025
$170,000
$26,660
$196,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,862
$196,660

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$261,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: New Hope

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521 New Hope Rd W | Property Details | No Agent List