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    35W At Fm 407 Argyle, TX 76226

    Sponsored
    For Sale
    $2,994,912

    High-traffic I-35W & FM 407 corner lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 62,394 sq ft commercial land parcel, located at the hard corner of Interstate 35W and FM 407 in Argyle, Texas (zip code 76226), presents a unique investment opportunity. The property boasts massive interstate and FM road frontage, with access to both frontage roads. Currently under an agricultural lease with minimal maintenance costs for the owner, this site is zoned CR (Community Retail), permitting retail, restaurants, convenience stores with fuel (subject to special use permit), and medical uses. Dry utilities are on-site, with sewer and water readily available nearby. Right-of-way acquisition is complete. The property can be sold as a minimum of 1.43 acres (62,394 sq ft) up to 2.259 acres (97,394 sq ft), offering flexibility for various development scenarios. A ground lease, build-to-suit, or lease of a multi-tenant retail building is possible

    Property Features for 35W At Fm 407

    General Information

    Property type
    Land

    HighLights

    • Interstate 35W and FM 407 frontage.
    • High traffic volume.
    • Unique access: No other I‑35W highway access for 14 miles.
    • Strong commercial demand with minimal competition.
    • Ag‑exempt; under $5 annual property tax.
    • High‑growth market: ~70,000 new homes under construction within a 36‑square‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Argyle
    County
    Denton
    State
    Texas
    Longitude
    -97.223641723999
    Latitude
    33.100477030188

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    FAQs

    What type of property is this?
    Land - High-traffic I-35W & FM 407 corner lot
    Where is this land located?
    The property is located at 35W At Fm 407 Argyle, TX.
    What is the asking price?
    The asking price for this property is $2,994,912.
    What are key features of this property?
    This property features: Interstate 35W and FM 407 frontage.; High traffic volume.; Unique access: No other I-35W highway access for 14 miles.
    Request Owner's contact information
    35W At Fm 407 Argyle, TX 76226
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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
    35W At Fm 407 Argyle, TX 76226
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