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    Fm 156 Ponder, TX 76247

    For Sale
    Contact for pricing

    Prime development land near I-35W. High-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 65-acre commercial land parcel presents a remarkable development opportunity in the rapidly expanding Justin, Texas area. Strategically located on FM 156, this property enjoys direct access to I-35W and is situated along the projected path of the future 407 realignment, ensuring excellent connectivity to the broader Dallas-Fort Worth Metroplex. The City of Justin is experiencing significant growth, with recent annexations and plans for approximately 10,000 new homes in the immediate vicinity. This surge in residential development is further complemented by the expansion of neighboring communities like Northlake, Krum, and Fort Worth. The property benefits from the presence of substantial nearby development projects, including a significant 4,500-home development undertaken by Hillwood companies in Justin. Utilities are conveniently located on-site, streamlining the development process. This prime commercial-zoned land offers unparalleled potential for a wide range of development projects, capitalizing on the explosive growth and strategic location within the thriving DFW region. The property is located in Denton County, Texas, with a zip code of 76247.

    Property Features for 0 Fm 156

    General Information

    Property type
    Land

    HighLights

    • 65‑acre commercial land parcel in Justin, TX.
    • Excellent access to I‑35W and future 407 realignment.
    • Located in a rapidly growing area with planned residential development of approximately 10,000 homes.
    • Nearby substantial development projects, including a 4,500‑home development by Hillwood.
    • On‑site utilities.
    • Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ponder
    County
    Denton
    State
    Texas
    Longitude
    -97.294142740722
    Latitude
    33.095468149494

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    FAQs

    What type of property is this?
    Land - Prime development land near I-35W. High-growth area.
    Where is this land located?
    The property is located at Fm 156 Ponder, TX.
    What are key features of this property?
    This property features: 65-acre commercial land parcel in Justin, TX.; Excellent access to I-35W and future 407 realignment.; Located in a rapidly growing area with planned residential development of approximately 10,000 homes.
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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
    Fm 156 Ponder, TX 76247
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