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    5040 Wagon Wheel Rd Joshua, TX 76058

    For Sale
    $3,700,000

    144 Acres, 94 Lots, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 144.24-acre residential development opportunity is situated in Joshua, Texas, within the highly desirable Joshua ISD. Currently fully entitled with approved preliminary plat and zoning, this property is ready for immediate development. The approved plan allows for 94 residential lots, each a minimum of one acre. The land boasts a picturesque setting, featuring a tranquil lake and numerous mature oak and other species of trees, promising significant lot premiums for lakefront and tree-lined properties. The strategic location between Highway 174 and Chisolm Trail Parkway ensures convenient access to both Fort Worth and Cleburne. The property enjoys frontage on County Road 1023, providing excellent accessibility. The asking price of $3,700,000 includes the cost of final engineering and drawings, currently under development. This presents a unique chance to capitalize on the growing demand for residential properties in this thriving area. The combination of natural beauty, convenient location, and approved plans makes this a truly exceptional investment opportunity. The property's zoning is residential, ensuring a straightforward development process. Don't miss this chance to acquire a prime piece of land in a rapidly developing market.

    Property Features for 5040 Wagon Wheel Rd

    General Information

    Property type
    Land
    Lot Size
    6,283,094 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joshua
    County
    Johnson
    State
    Texas
    Longitude
    -97.3956533
    Latitude
    32.4442881

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    FAQs

    What type of property is this?
    Land - 144 Acres, 94 Lots, Prime Location
    Where is this land located?
    The property is located at 5040 Wagon Wheel Rd Joshua, TX.
    What is the asking price?
    The asking price for this property is $3,700,000.
    (817) 313-3102
    Request Owner's contact information
    5040 Wagon Wheel Rd Joshua, TX 76058
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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
    5040 Wagon Wheel Rd Joshua, TX 76058
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