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    520 F.m. 661 Midlothian, TX 76065

    For Sale
    Contact for pricing

    Texas acreage, ideal for diverse uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional property presents a rare opportunity to acquire strategically located land in Midlothian, Texas. Encompassing a total of approximately 26.48 acres, this parcel is uniquely zoned AG, allowing for a variety of commercial and agricultural applications. The land is divided into two tracts: one at 520 F.M. 661, measuring approximately 26.15 acres, and another at 4121 F.M. 661, comprising approximately 9.908 acres. This versatile zoning provides significant flexibility for potential development, catering to a broad range of business ventures or agricultural pursuits. The property's location in Ellis County, Texas, offers convenient access to major transportation routes, including U.S. Highway 287, which boasts a high daily traffic volume of 38,756 vehicles. This high visibility and accessibility make it an attractive location for businesses seeking high exposure. The property's size and zoning make it suitable for a variety of uses, from large-scale agricultural operations to commercial developments. Detailed surveys and site plans are available upon request. Don't miss this chance to secure a prime piece of Texas real estate with significant potential for growth and return on investment. The property is located in Midlothian, TX, zip code 76065.

    Property Features for 520 F.m. 661

    General Information

    Property type
    Farms
    Lot Size
    431,680 SF

    HighLights

    • ±26.15 acres (520 F.M. 661) and ±9.908 acres (4121 F.M. 661) total ±36.06 acres.
    • US‑287 traffic count: 38,756 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -97.0675801
    Latitude
    32.5268455

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    FAQs

    What type of property is this?
    Farm - Texas acreage, ideal for diverse uses.
    Where is this farm located?
    The property is located at 520 F.m. 661 Midlothian, TX.
    What are key features of this property?
    This property features: ±26.15 acres (520 F.M. 661) and ±9.908 acres (4121 F.M. 661) total ±36.06 acres.; US-287 traffic count: 38,756 vehicles per day (VPD).;
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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
    520 F.m. 661 Midlothian, TX 76065
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