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    153 Acres Fm 1722 Palmer, TX 75152

    For Sale
    $3,140,477

    Unimproved Land - Palmer, TX

    Type:Unimproved Land
    Lot size:
    153.19 Acres
    Days on Market:
    321
    Last Refresh:
    Dec 9 at 2:06 pm

    Property Features for 153 Acres Fm 1722

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    180615
    Lot size
    153.19 Acres

    Building Details

    Architectural style
    Other

    Tero Partners (972) 777-4141

    Listing agent Tim Cummings (972) 777-4141 License #0616082

    Listing date Jan 23, 2025

    MLS# 20543055 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    153 Acres of Farmland

    This property features 153.2 acres of unimproved land located between Palmer, Ennis, and Waxahachie. The land has frontage on three roads: FM 1722, Slovacek Rd, and Stevens Rd. Currently used as farmland, the site presents opportunities for future development in a rapidly growing area of North Texas. The property is located in the County and benefits from an AG exemption. Electricity is available, and Co-op water may be accessible from Rockett SUD. The property's size is 153.194 acres.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Palmer
    County
    Ellis
    State
    Texas
    Longitude
    -96.69447662
    Latitude
    32.36942349

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    FAQs

    What type of property is this?
    Agricultural land - 153.2 acres in Palmer, TX, suitable for future development.
    Where is this agricultural land located?
    The property is located at 153 Acres Fm 1722 Palmer, TX.
    What is the asking price?
    The asking price for this property is $3,140,477.
    What are key features of this property?
    This property features: - 153.2± acres of land suitable for development.; - Located in a fast-growing area of North Texas.; - Road frontage on three roads: FM 1722, Slovacek Rd, and Stevens Rd.
    (972) 777-4141
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    Realmo Value Estimation

    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.

    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.

    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
    153 Acres Fm 1722 Palmer, TX 75152
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