Unrestricted Acreage with Commercial
For Sale
$725,000
12282 Fm 1392, Terrell, TX 75160
Versatile 10-acre property near Dallas Fort Worth metro area.
Property Size2,965 SF
Lot Size10.00 Acres
Price / SF$244.52
Days on Market197
Property Features for 12282 Fm 1392
General Information
Standard status
Active
Size
2,965 SF
Lot size
10.00 Acres
Property subtype
Industrial
Building Details
Year Built
1997
Listing Agency:
Keller Williams Rockwall
(972) 772-7000
Listed By:
Jennifer Pyatt · License #0656008
(972) 898-8897
Source:
Lonestarluxuryrealty
Added: Apr 22
Changed: Nov 4
Last Checked: Nov 3 at 7:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Rockwall
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Investment Insights
Based on property information with market context.
This approximately 10-acre property, situated outside city limits and free of restrictions, presents diverse opportunities for commercial, agricultural, or mixed-use development. Located in a developing area of Terrell, it offers convenient access to major roadways, providing ample space, visibility, and adaptability for various business operations. Existing improvements include a significant residential structure suitable for multiple commercial applications, such as office space, short-term rentals, retreat lodging, or a live-work arrangement for an owner-operator. A large game room and a separate guest suite offer additional flexibility for workspace, staff quarters, or client accommodations. The land is equipped for commercial operations, featuring open areas, functional outbuildings, fencing, and multiple water sources. These features support a range of possibilities, including a contractor headquarters, equipment storage, light industrial use, event or retreat space, agricultural business, or a small business operating from a private setting. The absence of city restrictions on land use makes this property a unique opportunity for entrepreneurs, investors, and business owners seeking acreage with improvements adaptable to various commercial needs, all while remaining conveniently close to the Dallas-Fort Worth metro area.
Key Highlights
- 10 Acres outside city limits with no restrictions, ideal for commercial, agricultural, or mixed‑use development.
- Substantial residential structure adaptable for office space, short‑term rental, retreat lodging, or live/work setup.**
- Convenient access to major roadways in a growing area of Terrell, providing visibility and versatility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,521
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,420
$610.4K
Cap Rate 7%
$436,014
$436.0K
Cap Rate 9%
$339,122
$339.1K
Market Conditions
NOI Build-Up for 2,965 SF
Gross rent
$53.4K $18.00/SF
− Vacancy
−$4.5K −$1.53/SF
EGI
$48.8K $16.47/SF
− OpEx
−$18.3K −$6.18/SF
NOI
$30.5K $10.29/SF
Area
Kaufman County, TX
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,420
Cap Rate 7%
$436,014
Cap Rate 9%
$339,122
Alternative Uses
Best Use
Mixed Use
$436.0K
$381.5K – $508.7K
NOI $30,521 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$37.32M
$32.65M – $43.54M
NOI $2,612,110 @ 7.0% cap · market cap 360.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
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Business Placement
Demographics for 75160, TX
26,632
Population
8,895
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
82%
High-School Grad
118.2 sq mi
ZIP Area
225
Density / Sq Mi
$70,862
Median Household Income
$38,493
Median Earnings
$1,177
Median Rent
$221,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Versatile 10-acre property near Dallas Fort Worth metro area.
Where is this commercial land located?
The property is located at 12282 Fm 1392 Terrell, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 10 Acres outside city limits with no restrictions, ideal for commercial, agricultural, or mixed‑use development.; Substantial residential structure adaptable for office space, short‑term rental, retreat lodging, or live/work setup.**; Convenient access to major roadways in a growing area of Terrell, providing visibility and versatility.
