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    748 S Fm 308 Milford, TX 76670

    For Sale
    $3,001,056

    Unimproved Land - Milford, TX

    Type:Unimproved Land
    Lot size:
    187.50 Acres
    Days on Market:
    83
    Last Refresh:
    Dec 10 at 12:06 pm

    Property Features for 748 S Fm 308

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    182434
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    187.50 Acres

    Building Details

    Year built
    1930
    Architectural style
    Other

    Tero Partners (972) 777-4141

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

    Listing date Sep 19, 2025

    MLS# 21063482 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

    187.5 Acres of Unimproved Land

    This property features 187.5 acres of unimproved land with an old farmhouse and a barn. It offers thousands of feet of road frontage on S FM 308 and is located approximately one and a half miles from Interstate 35. The land is suitable for running cattle or growing crops, presenting an excellent investment opportunity. The farm is generally level, without trees, creeks, or FEMA flood areas, and has no zoning restrictions. An agricultural exemption is in place, resulting in minimal property tax implications. Co-op water and electricity are available on site. A new survey has been ordered but is not yet complete.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Restaurant Clothing Store Hotel & Motel Kitchen & Bath Food Market Grocery Store Convenience Store Daycare Center Furniture Store Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Ellis
    State
    Texas
    Longitude
    -96.94412378
    Latitude
    32.10851296

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    FAQs

    What type of property is this?
    Agricultural property - 187.5 acres near I-35, suitable for investment or agricultural use.
    Where is this agricultural property located?
    The property is located at 748 S Fm 308 Milford, TX.
    What is the asking price?
    The asking price for this property is $3,001,056.
    What are key features of this property?
    This property features: - 187.5± acres of unrestricted land with road frontage on S FM 308, ideal for investment, cattle, or crops.; - Ag exemption in place, resulting in minimal property taxes.; - Convenient location: just a mile and a half from Interstate 35.
    (972) 777-4141
    Request Owner's contact information
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    Milford, TX 76670
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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
    748 S Fm 308 Milford, TX 76670
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