Property profile

8592 Mckissick Meadows Rd Princeton, TX 75407

FOR SALE
Residential land & home lots
Property ID
US82-Q088032
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Property summary

AI-generated overview

Franklin Land Company is pleased to present 8592 McKissick Meadows Road, a +/- 10-acre development opportunity in Princeton, Texas — one of the fastest-growing cities in the Dallas-Fort Worth Metroplex. Located in the northeast quadrant of Princeton just off McKissick Meadows Road, the site is positioned between the established Monticello Park community and the upcoming Sicily development, with Vivere Multifamily immediately adjacent. Princeton posted a remarkable 30.6% population increase between July 2023 and July 2024, reaching 37,000 residents, with average household incomes of $96,766 and a 2025 median home price of $325,000 — fundamentals that continue to draw homebuilders and developers to Collin County. Total consumer spending in the trade area stands at $411.3M, underscoring the market's economic depth. The subject property currently falls outside Princeton's city limits and ETJ, placing it under Collin County jurisdiction and offering developers significant flexibility. An existing 6" water line runs along McKissick Meadows Road, and a septic system is in place onsite. The property carries a current POA deed restriction limiting development to one dwelling per five acres; the seller is actively in the process of releasing this restriction. Adding to the long-term investment thesis, TxDOT's planned US-380 Princeton Bypass passes in close proximity to the site, representing a major regional infrastructure commitment that will improve corridor connectivity and accelerate development activity in the area. Situated approximately 1.5 miles north of downtown Princeton and two Princeton ISD schools, with frontage on McKissick Meadows Road and nearby traffic counts exceeding 17,000 vehicles per day on FM 455, this site is well-positioned for residential development once the deed restriction is cleared. With limited supply of comparably sized infill parcels in Princeton's northeast growth corridor, 8592 McKissick Meadows represents a compelling opportunity for developers and land investors looking to capture upside in one of Texas's most active growth markets.

Property profile

Verified
Property type Residential land & home lots
UPID US82-Q088032

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8592 Mckissick Meadows Rd Princeton, TX 75407
Princeton metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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