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    380 Teel Pkwy Prosper, TX 75078

    For Sale
    Contact for pricing

    Highway 380 prime commercial acreage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land parcel, located at the northwest corner of US 380 and Teel Parkway in Prosper, Texas, presents a unique investment opportunity. The property encompasses between 1.09 and 2.79 acres of land, strategically positioned along the heavily trafficked Highway 380 corridor. This prime location is at the heart of significant commercial and residential growth within Prosper, Denton County. The property boasts excellent visibility and accessibility, featuring signalized, lighted intersections with curb cuts on both US 380 and Teel Parkway, allowing for convenient cross-access. Zoned PD-40, this versatile land allows for a wide range of commercial uses, making it ideal for developers seeking to capitalize on the area's booming economy. The site benefits from its proximity to the future PGA headquarters, two TPC golf courses, and a surrounding mixed-use development featuring both residential and commercial components. This combination of existing dense residential areas and ongoing growth projects ensures a strong and stable market for this development. The property's frontage on Highway 380 provides exceptional exposure to a high volume of daily traffic, maximizing visibility and potential for business success. This is a rare opportunity to acquire a well-located, commercially zoned parcel in one of Texas's fastest-growing communities. The zip code is 75078.

    Property Features for 380 Teel Pkwy

    General Information

    Property type
    Land
    Lot Size
    47,480 SF

    HighLights

    • Great frontage on Highway 380.
    • Located north of the future PGA headquarters, two TPC golf courses, and a mixed‑use development.
    • Signalized, lighted intersections with curb cuts on US 380 and Teel Parkway, providing cross‑access.
    • Excellent location within a densely populated area experiencing significant residential and commercial growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Prosper
    County
    Denton
    State
    Texas
    Longitude
    -96.8603729
    Latitude
    33.229917

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    FAQs

    What type of property is this?
    Land - Highway 380 prime commercial acreage.
    Where is this land located?
    The property is located at 380 Teel Pkwy Prosper, TX.
    What are key features of this property?
    This property features: Great frontage on Highway 380.; Located north of the future PGA headquarters, two TPC golf courses, and a mixed-use development.; Signalized, lighted intersections with curb cuts on US 380 and Teel Parkway, providing cross-access.
    Request Owner's contact information
    380 Teel Pkwy Prosper, TX 75078
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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
    380 Teel Pkwy Prosper, TX 75078
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