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    Fm 879 Waxahachie, TX 75165

    For Sale
    $3,622,920

    Prime Ellis County development land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Exceptional investment opportunity awaits with this expansive 181.15-acre tract of land situated in Waxahachie, Ellis County, Texas, zoned for commercial, hunting/recreational, and residential uses. Priced at $3,622,920 ($20,000/acre), this property boasts approximately 1103 feet of frontage on FM 879, providing convenient access to US Hwy 287, I-45, and I-35. The strategic location is further enhanced by its proximity to future Hines and D.R. Horton developments, suggesting significant growth potential. Utilities including city water, sewer, and electricity are readily available. A water easement exists with the adjacent Hines development. A Southern Pacific Railroad line runs east-west nearby. The property is currently ag-exempt. The seller is open to considering subdivision options. A recent survey is available for review. Buyers are responsible for verifying all provided information and utility availability. Detailed directions are available upon request. This versatile property presents endless possibilities for development and represents a compelling investment opportunity in a rapidly growing area.

    Property Features for 0 Fm 879

    General Information

    Property type
    Land
    Lot Size
    7,890,894 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.787750846509
    Latitude
    32.388202245917

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    FAQs

    What type of property is this?
    Land - Prime Ellis County development land.
    Where is this land located?
    The property is located at Fm 879 Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $3,622,920.
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    Fm 879 Waxahachie, TX 75165
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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 879 Waxahachie, TX 75165
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