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    Highmeadow Dr Aubrey, TX 76227

    For Sale
    Contact for pricing

    6.65-Acre Commercial Land, Texas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 6.65-acre commercial development site in Aubrey, Texas, presents a compelling investment opportunity. Located on Highmeadow Dr. and Betty Ln, the property boasts a prime location just a quarter-mile from Aubrey High School and within easy reach of major retailers including Walmart, McDonald's, and Chick-fil-A. The site is zoned for mixed-use development, featuring approximately 5.65 acres designated for multifamily use (with a potential density of 18-21 units per acre) and approximately 1 acre zoned for shopping center use. Its strategic position offers superb connectivity, situated 24 miles from The Dallas Cowboys' Headquarters and 36 miles from DFW Airport, catering to both commuters and travelers. Aubrey's robust growth trajectory, projected at 28.5% population increase over the next five years, and average household incomes exceeding $100,000 within a 7-mile radius, underscore the strong demand for both residential and retail development in this area. The site is further enhanced by existing infrastructure, including a 10-foot wastewater stub and an 8-foot water looped system, facilitating immediate development potential. The property's APN is R964441, and its zoning allows for both multifamily (MF) and shopping center (SC) development. This unique offering combines prime location, desirable zoning, and ready infrastructure, making it an ideal investment in a rapidly expanding community. Offers are due October 17, 2024.

    Property Features for 0 Highmeadow Dr

    General Information

    Property type
    Land
    Lot Size
    289,674 SF

    HighLights

    • 6.65‑acre commercial development site in Aubrey, TX, near Hwy 377. Offers due July 17, 2024.
    • Water and sewer available.
    • Median household incomes exceed $100,000 within a 7‑mile radius, increasing 1.17% annually.
    • 5.65 acres zoned multifamily (MF) with a maximum density of 21 units per acre, and approximately 1 acre zoned shopping center (SC).
    • Projected population growth of 30,777 within a 7‑mile radius (10,504 households) over the next 23‑28 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Aubrey
    County
    Denton
    State
    Texas
    Longitude
    -96.979684
    Latitude
    33.292221

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    FAQs

    What type of property is this?
    Land - 6.65-Acre Commercial Land, Texas
    Where is this land located?
    The property is located at Highmeadow Dr Aubrey, TX.
    What are key features of this property?
    This property features: 6.65-acre commercial development site in Aubrey, TX, near Hwy 377. Offers due July 17, 2024.; Water and sewer available.; Median household incomes exceed $100,000 within a 7-mile radius, increasing 1.17% annually.
    (972) 265-9609
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    Highmeadow Dr Aubrey, TX 76227
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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
    Highmeadow Dr Aubrey, TX 76227
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