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    328 Forreston Rd Waxahachie, TX 75165

    For Sale
    $6,758,100

    Unimproved Land - Waxahachie, TX

    Type:Unimproved Land
    Lot size:
    227.18 Acres
    Days on Market:
    91
    Last Refresh:
    Dec 11 at 10:06 am

    Property Features for 328 Forreston Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    182927
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    227.18 Acres

    Building Details

    Architectural style
    Other

    Douglas Hayward Smith (972) 979-8413

    Listing agent Kavitha Pindi (972) 979-8413 License #0722035

    Listing date Sep 12, 2025

    MLS# 20977898 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

    225+ Acre Hay Farm Land

    This property, currently operating as an active hay farm, presents opportunities for future development. The partially fenced tract spans over 225 acres and is located approximately 0.6 miles east of HWY 77 and 1 mile east of Interstate 35. Surrounded by large-lot single-home developments on all four sides, the ranch is situated within a major growth corridor. Approximately 60 acres of the ranch feature improved Bermuda grass, with the remaining area under no-till cultivation with Hay grazer. The entire property benefits from a 1-D-1 agricultural tax exemption, creating an investment opportunity into an income-producing asset with immediate or future development potential. The property is located at 328 E C School Road, Waxahachie, TX 75165.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.84207805
    Latitude
    32.28425973

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    FAQs

    What type of property is this?
    Farm - Active hay farm primed for future development in Waxahachie, TX.
    Where is this farm located?
    The property is located at 328 Forreston Rd Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $6,758,100.
    What are key features of this property?
    This property features: - 225+ acre tract primed for future development.; - Excellent investment opportunity with 1-D-1 agricultural tax exemption.; - Income-producing asset currently operating as a hay farm.
    (972) 979-8413
    Request Owner's contact information
    328 Forreston Rd Waxahachie, TX 75165
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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
    328 Forreston Rd Waxahachie, TX 75165
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