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    5355 Us-377 Krugerville, TX 76227

    For Sale
    $72,000

    27,000 SF Commercial Land - Ground Lease Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 27,000 square foot commercial land parcel presents a unique ground lease opportunity in the thriving town of Krugerville, Texas. Located at 5355 US-377, Denton County, zip code 76227, this property offers significant potential for development. The asking price for the annual ground lease is $72,000. The land itself is currently unimproved and lacks existing utilities. This presents a blank canvas for prospective tenants to build and customize a structure to perfectly suit their business needs. The property's prime location in Krugerville offers excellent visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. Given the absence of existing utilities, prospective lessees should factor in the costs associated with utility installation and connection as part of their development plans. This is an ideal opportunity for businesses seeking a strategic location in a growing Texas community to establish a long-term presence. The property's size and location make it suitable for a range of commercial uses, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence regarding zoning and development possibilities. The coordinates for this property are latitude 33.2647059 and longitude -96.9853474.

    Property Features for 5355 Us-377

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Krugerville
    County
    Denton
    State
    Texas
    Longitude
    -96.9853474
    Latitude
    33.2647059

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    FAQs

    What type of property is this?
    Land - 27,000 SF Commercial Land - Ground Lease Available
    Where is this land located?
    The property is located at 5355 Us-377 Krugerville, TX.
    What is the asking price?
    The asking price for this property is $72,000.
    Request Owner's contact information
    5355 Us-377 Krugerville, TX 76227
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    Krugerville, TX 76227
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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
    5355 Us-377 Krugerville, TX 76227
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