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    7900 Hwy 377 S Cresson, TX

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    For Sale
    Contact for pricing

    16.216 acres with 296 multifamily units entitled.

    Lot size:
    16.22 Acres

    Property Features for 7900 Hwy 377 S

    General Information

    Lot size
    16.22 Acres
    Source: Moodyscre

    Listing Agent: Chris Janowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Entitled Multifamily Land For Sale

    This 16.216-acre property is available for sale and is already entitled for 296 multifamily units, equating to 18 units per acre. It occupies a hard corner location at the new Highway 377 Bypass. The site is adjacent to the new Brookside Residential Development, which features 876 lots, and is located across from the Cresson Crossroads Residential Development, which includes 1,220 lots. There are more than 2,000 single family lots under development in the immediate area.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cresson
    County
    Hood
    State
    Texas
    Longitude
    -97.6178026
    Latitude
    32.5326369

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    FAQs

    What type of property is this?
    Land - 16.216 acres with 296 multifamily units entitled.
    Where is this land located?
    The property is located at 7900 Hwy 377 S Cresson, TX.
    What are key features of this property?
    This property features: - 16.216 Acre Available; - Entitled for **296 Multifamily Units** (18 Units/Acre); - **Hard Corner Location** at New Highway 377 Bypass
    (214) 720-0004
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    7900 Hwy 377 S Cresson, TX
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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

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    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.

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    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
    7900 Hwy 377 S Cresson, TX
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