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    4451 Fm 308 Mertens, TX 76666

    For Sale
    $4,067,775

    Exceptional Texas acreage, ideal for development.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This expansive 361.58-acre property, located at 4451 S FM 308 in Mertens, Texas, presents a unique investment opportunity. Situated conveniently, it's just one hour south of the Dallas-Fort Worth Metroplex, offering easy access to a major metropolitan area. The location also benefits from proximity to Hillsboro (20 minutes) and Waco (45 minutes), providing further access to regional amenities and markets. Currently utilized for equine activities and agriculture, this land holds significant potential for future commercial or residential development. Its versatile nature allows for immediate income generation through existing uses while simultaneously positioning it for substantial long-term growth. The property's size and location make it an attractive option for large-scale projects or strategic land banking. The seller is demonstrating flexibility by offering owner financing, making this exceptional Texas property even more accessible. This presents a rare chance to acquire a substantial land holding in a rapidly developing area with diverse potential uses. The property's central location and existing infrastructure make it a compelling investment for both immediate returns and future appreciation. Consider the possibilities of this expansive acreage and its strategic location in the heart of Texas.

    Property Features for 4451 Fm 308

    General Information

    Property type
    Other commercial real estate
    Lot Size
    15,750,425 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mertens
    County
    Hill
    State
    Texas
    Longitude
    -96.87872
    Latitude
    32.01397

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    FAQs

    What type of property is this?
    Commercial real estate - Exceptional Texas acreage, ideal for development.
    Where is this commercial real estate located?
    The property is located at 4451 Fm 308 Mertens, TX.
    What is the asking price?
    The asking price for this property is $4,067,775.
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    4451 Fm 308 Mertens, TX 76666
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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
    4451 Fm 308 Mertens, TX 76666
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