Premier Multi-Family Development
For Sale
$40,000,000
FM 1187 Bankhead HWY, Fort Worth, TX 76008
CommercialSale, Fort Worth, TX
Property SizeContact for details
Lot Size90.00 Acres
Days on Market363
Property Features for FM 1187 Bankhead HWY
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Agricultural Land
Subdivision
Dean Ranch
Lot features
Rolling Slope
Directions
Located at FM 1187 and Bankhead HWY. See photos for map and survey plat.
Standard status
Active
APN
R000122347
Lot size
90.00 Acres
Taxes and HOA fees
Tax Description
ACRES: 80.952 TRACT: PT 5 ABST: 647 SURVEY: H
Tax Annual Amount
61
Legal Description
ACRES: 80.952 TRACT: PT 5 ABST: 647 SURVEY: H
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Stacy Lynch · License #0329792
(817) 908-9567
Added: Sep 5, 2025
Changed: Aug 23
Last Checked: Sep 2 at 9:06AM
MLS# 20943684
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This offering presents a 90-acre land tract marketed as a premier multi-family site within Dean Ranch, a 1,825-acre mixed-use, master-planned development. The developer is currently in the process of annexation, with about 238 acres expected to be annexed soon, supporting the staged rollout of the overall project. While plans include utilities being brought to the site, utilities are not currently available on-site at the time of listing, making this a more appropriate opportunity for investors and builders looking to time infrastructure delivery.
The property is located at FM 1187 and Bankhead Highway, within the broader Fort Worth and Aledo growth corridor. The surrounding area has experienced strong expansion over the last 20 years, with employers and retail demand moving west. In addition, Weatherford ISD is described as a Class 6A district, and Aledo ISD is described as a 5A district, reflecting competitive school enrollment context for residential planning.
Given its size and master-planned positioning, the tract is well suited for developers pursuing future multi-family community buildout once utilities are in place. For buyers seeking a land basis tied to an active, annexation-driven development schedule, this site offers a clear path to ground-up planning while supporting longer-horizon value creation.
The property is located at FM 1187 and Bankhead Highway, within the broader Fort Worth and Aledo growth corridor. The surrounding area has experienced strong expansion over the last 20 years, with employers and retail demand moving west. In addition, Weatherford ISD is described as a Class 6A district, and Aledo ISD is described as a 5A district, reflecting competitive school enrollment context for residential planning.
Given its size and master-planned positioning, the tract is well suited for developers pursuing future multi-family community buildout once utilities are in place. For buyers seeking a land basis tied to an active, annexation-driven development schedule, this site offers a clear path to ground-up planning while supporting longer-horizon value creation.
Key Highlights
- Premier multi‑family site at FM 1187 and Bankhead Hwy along the Fort Worth–Aledo border
- 1,825‑acre mixed‑use, master‑planned development planned at Bailey Ranch Road and FM 1187
- About 238 acres of the development will soon be annexed
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 76008, TX
21,844
Population
8,127
Households
2.7
Avg Household Size
36
Median Age
59%
College-Educated
98%
High-School Grad
81.5 sq mi
ZIP Area
268
Density / Sq Mi
$160,778
Median Household Income
$72,401
Median Earnings
$2,577
Median Rent
$456,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large tract positioned within a master-planned mixed-use development, with annexation underway and utilities planned for future delivery.
Where is this residential land & home lot located?
The property is located at FM 1187 Bankhead HWY Fort Worth, TX.
What is the asking price?
The asking price for this property is $40,000,000.
What are key features of this property?
This property features: Premier multi‑family site at FM 1187 and Bankhead Hwy along the Fort Worth–Aledo border; 1,825‑acre mixed‑use, master‑planned development planned at Bailey Ranch Road and FM 1187; About 238 acres of the development will soon be annexed
