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    Tbd Hilltop Springtown, TX 76082

    For Sale
    $419,000

    1.23 Acres, Zoned Multifamily

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 1.23-acre vacant lot presents a remarkable opportunity for developers seeking to build a multifamily project in the burgeoning Springtown, TX area. Located at TBD HILLTOP, this property is ideally positioned for immediate development, offering significant potential for substantial returns. The land is already zoned for multifamily use, eliminating the need for lengthy and potentially costly rezoning processes. This significantly streamlines the development timeline and reduces upfront expenses, allowing for a quicker path to profitability. The property's convenient location provides easy access to essential city services, including water, sewer, and electricity, further simplifying the construction process. The expansive size of the lot allows for considerable flexibility in design and development, accommodating a variety of multifamily housing options, such as duplexes, townhomes, or other multi-unit residential buildings. This presents a unique chance to capitalize on the growing demand for housing in this thriving community. The asking price of $419,000 reflects the exceptional value and potential of this prime development site. Serious inquiries are encouraged to explore this lucrative investment opportunity. All interested parties should conduct their own due diligence to verify zoning and utility information.

    Property Features for Tbd Hilltop

    General Information

    Property type
    Other commercial real estate
    Lot Size
    53,579 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.76938
    Latitude
    32.98668

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    FAQs

    What type of property is this?
    Commercial real estate - 1.23 Acres, Zoned Multifamily
    Where is this commercial real estate located?
    The property is located at Tbd Hilltop Springtown, TX.
    What is the asking price?
    The asking price for this property is $419,000.
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    Tbd Hilltop Springtown, TX 76082
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    Springtown, TX 76082
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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
    Tbd Hilltop Springtown, TX 76082
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