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    500 Parker Rd St Wylie, TX 75098

    For Sale
    $2,994,135

    12.74 Acres, Commercial/Ag Potential, Wylie, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 12.741-acre property presents a unique investment opportunity in Wylie, Texas. Located at 500 Parker Road St, Collin County, this land boasts a prime location, situated in an area slated for future development. The property's APN is R669600001301. Currently zoned for agricultural use, its strategic position along the proposed expansion of Parker Road offers significant potential for commercial or residential development. The parcel is largely located outside the extraterritorial jurisdiction (ETJ). Preliminary plans suggest the possibility of creating approximately 1.5-acre single-family residential lots or 2-acre commercial pad sites. This location offers convenient access to the Inspiration development, situated just 2.5 miles away. A significant advantage is the property's location outside the 100-year floodplain, as verified by flood maps and the current owner. The asking price for this remarkable property is $2,994,135. This presents a rare chance to acquire a substantial tract of land with high growth potential in a rapidly developing area of Wylie, Texas. The property's size and location make it ideal for a variety of development projects, capitalizing on the anticipated growth and infrastructure improvements in the region. This is a truly exceptional opportunity for discerning investors seeking a prime piece of Texas real estate.

    Property Features for 500 Parker Rd St

    General Information

    Property type
    Farms
    Lot Size
    554,998 SF

    HighLights

    • 12.741‑acre land parcel in Wylie, Texas, with APN R669600001301.
    • Located at 500 Parker Road, Collin County, in an area primed for future development.
    • Currently zoned agricultural, but strategically positioned for commercial or residential development along the proposed Parker Road expansion.
    • Preliminary plans indicate potential for 1.5‑acre residential or 2‑acre commercial lots.
    • Located outside the 100‑year floodplain and largely outside the ETJ.
    • Asking price: $2,994,135.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.5384209
    Latitude
    33.0267167

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    FAQs

    What type of property is this?
    Farm - 12.74 Acres, Commercial/Ag Potential, Wylie, TX
    Where is this farm located?
    The property is located at 500 Parker Rd St Wylie, TX.
    What is the asking price?
    The asking price for this property is $2,994,135.
    What are key features of this property?
    This property features: 12.741-acre land parcel in Wylie, Texas, with APN R669600001301.; Located at 500 Parker Road, Collin County, in an area primed for future development.; Currently zoned agricultural, but strategically positioned for commercial or residential development along the proposed Parker Road expansion.
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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
    500 Parker Rd St Wylie, TX 75098
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