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    1510 Walnut Grove Rd Midlothian, TX 76065

    For Sale
    $5,500,000

    Prime Midlothian development land, 104 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 104.129-acre property presents a remarkable opportunity for future development in the thriving city of Midlothian, Texas. Located at 1510 S Walnut Grove Rd, 76065, this expansive tract is situated directly across from Walnut Grove Middle School, offering immediate access to a well-established community. The land is bordered by a recently constructed subdivision, and the surrounding area showcases several other high-density residential developments, indicating strong growth and demand. Prospective buyers are encouraged to review the city's zoning maps and the recently completed comprehensive plan to fully understand the development potential. This prime acreage offers significant upside for investors seeking to capitalize on Midlothian's robust real estate market. The asking price for this substantial land parcel is $5,500,000. Detailed information regarding ownership is available upon request. This is a rare opportunity to acquire a large, strategically located tract of land in a rapidly expanding Texas community. Don't miss this chance to secure a piece of Midlothian's future. Ellis County location provides easy access to major transportation routes.

    Property Features for 1510 Walnut Grove Rd

    General Information

    Property type
    Land
    Lot Size
    4,535,859 SF

    HighLights

    • $5,500,000 asking price.
    • 104.129‑acre residential land parcel.
    • Located in Midlothian, TX, Ellis County, zip code 76065.
    • Situated across from Walnut Grove Middle School.
    • Adjacent to new and recent high‑density subdivisions.
    • Zoning information available via city maps and comprehensive plan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Auto Repair Shop Daycare Center Bakery Laundry Service Dry Cleaner Bookstore

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

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.942386334895
    Latitude
    32.496297167172

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    FAQs

    What type of property is this?
    Land - Prime Midlothian development land, 104 acres.
    Where is this land located?
    The property is located at 1510 Walnut Grove Rd Midlothian, TX.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: $5,500,000 asking price.; 104.129-acre residential land parcel.; Located in Midlothian, TX, Ellis County, zip code 76065.
    (972) 921-1594
    Request Owner's contact information
    1510 Walnut Grove Rd Midlothian, TX 76065
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    Midlothian, TX 76065
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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
    1510 Walnut Grove Rd Midlothian, TX 76065
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