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    450 Fm 156 Justin, TX 76247

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    For Sale
    $25,608,380

    156.77 acres near Texas Motor Speedway available for development.

    Lot size:
    156.77 Acres

    Property Features for 450 Fm 156

    General Information

    Lot size
    156.77 Acres

    Source: Laughlin Commercial Realty Group (LCRG) Agent Grant Laughlin

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

    Overview

    Denton County Development Site

    This is a development site encompassing approximately 156.77 acres. The land is located at 450 South FM 156 in Justin, Denton County, Texas, contiguous to Texas Motor Speedway. Currently, the land is under agricultural use. A major renovation of FM 156 is close to completion. The site will not be divided.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Justin
    County
    Denton
    State
    Texas
    Longitude
    -97.310752
    Latitude
    33.02429

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    FAQs

    What type of property is this?
    Land - 156.77 acres near Texas Motor Speedway available for development.
    Where is this land located?
    The property is located at 450 Fm 156 Justin, TX.
    What is the asking price?
    The asking price for this property is $25,608,380.
    What are key features of this property?
    This property features: - Contiguous to Texas Motor Speedway; - Great Denton County development site; - Major renovation of FM 156 close to completion
    (214) 908-6355
    Request Owner's contact information
    450 Fm 156 Justin, TX 76247
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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
    450 Fm 156 Justin, TX 76247
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