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    156 & Martin Rnch Rd Justin, TX 76247

    For Sale
    Contact for pricing

    9-acre retail land, high traffic counts.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 9-acre parcel presents a remarkable opportunity for retail development in the rapidly growing Justin, Texas market. Located at the prominent intersection of FM 156 and Martin Ranch Road in Denton County, this property boasts a highly desirable location with excellent visibility and accessibility. The site is zoned for Fort Worth ETJ Future Land Use: General Commercial, providing flexibility for a variety of retail uses. The substantial lot size offers ample space for a large-scale shopping center or other commercial development. High traffic counts further enhance the property's appeal, with SH 114 registering 22,665 vehicles per day and FM 156 recording 8,586 vehicles per day. Water utilities are available, simplifying the development process. This prime location in the thriving Justin area, combined with its advantageous zoning and high traffic volume, makes this 9-acre parcel an exceptional investment opportunity for discerning developers seeking to capitalize on the region's robust growth. The property's address is FM 156 & Martin Ranch Rd, Justin, TX 76247. This is a rare chance to acquire a significant land holding in a dynamic commercial corridor. The zip code is 76247.

    Property Features for 156 & Martin Rnch Rd

    General Information

    Property type
    Lifestyle centers
    Lot Size
    392,040 SF

    HighLights

    • 9‑acre site.
    • Fort Worth ETJ zoning, designated for General Commercial use.
    • High traffic counts: 22,665 VPD on SH 114 and 8,586 VPD on FM 156.
    • Water utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Justin
    County
    Denton
    State
    Texas
    Longitude
    -97.3074914
    Latitude
    33.0356792

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    FAQs

    What type of property is this?
    Lifestyle center - 9-acre retail land, high traffic counts.
    Where is this lifestyle center located?
    The property is located at 156 & Martin Rnch Rd Justin, TX.
    What are key features of this property?
    This property features: 9-acre site.; Fort Worth ETJ zoning, designated for General Commercial use.; High traffic counts: 22,665 VPD on SH 114 and 8,586 VPD on FM 156.
    Request Owner's contact information
    156 & Martin Rnch Rd Justin, TX 76247
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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
    156 & Martin Rnch Rd Justin, TX 76247
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