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    715 N Paddock St Stephenville, TX 76401

    For Sale
    $699,000

    Unimproved Land - Stephenville, TX

    Type:Unimproved Land
    Lot size:
    1.95 Acres
    Days on Market:
    99
    Last Refresh:
    Dec 11 at 5:06 pm

    Property Features for 715 N Paddock St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000033253
    Exterior features
    Other
    Lot size
    1.95 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Architectural style
    Other

    Citiwide Alliance Realty (214) 524-3500 [email protected]

    Listing agent Jamie Wooley (214) 326-0399 License #0645307

    Listing date Sep 4, 2025

    MLS# 20817123 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

    Stephenville Land Ready for Development

    This 1.952-acre property in Stephenville, Texas, presents a rare turnkey opportunity in a prime location. Existing plans are in place for 33 townhomes, capitalizing on the increasing demand for student housing due to Tarleton State University's proximity of less than 1 mile. Zoned for both residential (R-2) and industrial use, the site offers flexibility for multiple development strategies beyond student housing. The property is adjacent to the newly developed Purple Rail townhomes, positioning it to attract consistent rental demand and long-term appreciation. The 33 townhome units were developed by a team of architects, engineers, and project managers, saving significant time and money in the development process.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.210001
    Latitude
    32.224246

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    FAQs

    What type of property is this?
    Residential land & home lot - Prime location near Tarleton State University, ideal for student housing.
    Where is this residential land & home lot located?
    The property is located at 715 N Paddock St Stephenville, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Existing plans for 33 townhomes included, saving time and money.; - Prime location less than 1 mile from Tarleton State University.; - Capitalize on student housing demand due to Tarleton's D-1 status.
    (214) 326-0399
    Request Owner's contact information
    715 N Paddock St Stephenville, TX 76401
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    Stephenville, TX 76401
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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
    715 N Paddock St Stephenville, TX 76401
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