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    8020 Fm2478 Prosper, TX 75078

    Sponsored
    For Sale
    $9,250,000

    Prime Collin County land, ideal for development. Exceptional investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 31.97-acre property presents a unique investment opportunity in Prosper, Texas. Located at 8020 FM 2478, this unzoned land boasts a strategic position between Frontier Parkway and the Outer Loop, situated on the east side of Custer Road. Its location within the McKinney Extraterritorial Jurisdiction, specifically the Northridge District, offers significant potential for future development. The property is served by the Celina Independent School District. Given its substantial size and prime location, this land is well-suited for a variety of uses, including agricultural, commercial, and residential development. The area is experiencing significant growth, with ongoing development projects to the south and west, further enhancing the property's value and investment potential. The asking price for this expansive tract is $9,250,000. This represents a compelling opportunity to capitalize on the burgeoning growth in Collin County, Texas. The property's address is 8020 FM 2478, Prosper, TX 75078.

    Property Features for 8020 Fm2478

    General Information

    Property type
    Farms
    Lot Size
    1,392,613 SF

    HighLights

    • 31.97‑acre tract in Prosper, TX, strategically located between Frontier Parkway and the Outer Loop, east of Custer Road.
    • Located in McKinney ETJ, Northridge District, Celina ISD.
    • Unzoned land suitable for various uses including agricultural, commercial, and residential development.
    • $9,250,000 asking price.
    • Strong investment potential due to significant area growth and nearby development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.73009756
    Latitude
    33.28594985

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    FAQs

    What type of property is this?
    Farm - Prime Collin County land, ideal for development. Exceptional investment opportunity.
    Where is this farm located?
    The property is located at 8020 Fm2478 Prosper, TX.
    What is the asking price?
    The asking price for this property is $9,250,000.
    What are key features of this property?
    This property features: 31.97-acre tract in Prosper, TX, strategically located between Frontier Parkway and the Outer Loop, east of Custer Road.; Located in McKinney ETJ, Northridge District, Celina ISD.; Unzoned land suitable for various uses including agricultural, commercial, and residential development.
    Request Owner's contact information
    8020 Fm2478 Prosper, TX 75078
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    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
    8020 Fm2478 Prosper, TX 75078
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