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    3190 Co Rd 407 McKinney, TX 75071

    Sponsored
    For Sale
    $1,500,000

    Prime McKinney acreage, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.72-acre property, situated at 3190 County Road 407 in McKinney, Texas, presents a compelling investment opportunity. Located within the city of McKinney's extraterritorial jurisdiction (ETJ) in Collin County, zip code 75071, this expansive lot offers remarkable versatility. Its zoning allows for both commercial and residential development, catering to a wide range of potential uses. The property's strategic location provides convenient access to downtown McKinney, ensuring proximity to the city's amenities and vibrant atmosphere. Furthermore, its accessibility to major highways and McKinney National Airport enhances its logistical appeal. The property benefits from being within the highly regarded McKinney Independent School District, a significant factor for residential development. Essential utilities are available, simplifying the development process. Given McKinney's robust growth trajectory and consistently appreciating property values, this 3.72-acre parcel represents a significant opportunity for investors seeking a versatile and strategically positioned asset in a thriving Texas market. The asking price for this exceptional property is $1,500,000.

    Property Features for 3190 Co Rd 407

    General Information

    Property type
    Land
    Lot Size
    162,043 SF

    HighLights

    • $1,500,000 asking price.
    • 3.72‑acre land parcel.
    • Located in McKinney, TX, Collin County, zip code 75071.
    • City of McKinney ETJ zoning.
    • Suitable for commercial or residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.5579479
    Latitude
    33.1940662

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    FAQs

    What type of property is this?
    Land - Prime McKinney acreage, ideal for mixed-use development.
    Where is this land located?
    The property is located at 3190 Co Rd 407 McKinney, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 3.72-acre land parcel.; Located in McKinney, TX, Collin County, zip code 75071.
    Request Owner's contact information
    3190 Co Rd 407 McKinney, TX 75071
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    McKinney, TX 75071
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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
    3190 Co Rd 407 McKinney, TX 75071
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