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    Custer Rd Prosper, TX 75071

    Sponsored
    For Sale
    $2,400,000

    3.49 Acres, Custer Rd, Prosper, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 3.49-acre commercial land parcel presents a significant investment opportunity in the thriving city of McKinney, Texas. Located on North Custer Road, between US 380 and Prosper Trail/Bloomfield Road, this property boasts approximately 1,000 feet of frontage. The land is reclaimable from a previous flood condition, with the majority of the necessary engineering already completed and contingent city approvals secured. While the buyer will be responsible for final dirt work, the Letter of Map Revision (LOMR) application, and final platting after closing, this significantly reduces development hurdles. The property is zoned PD currently, with a likely rezoning to C2. This prime location is surrounded by new developments, reflecting the booming growth of McKinney and Collin County. The asking price is $2,400,000, translating to $15.79 per square foot. The median home value within a three-mile radius is approximately $550,000, underscoring the area's strong residential market and its potential for commercial success. Note that this sale involves 3.49+/- reclaimable acres out of a larger 8.022-acre tract. North Custer Road has recently been widened to four lanes, enhancing accessibility and visibility. This property is ideal for office and retail commercial uses, offering a unique blend of convenience, accessibility, and growth potential in a highly desirable location.

    Property Features for 0 Custer Rd

    General Information

    Property type
    Land
    Lot Size
    152,024 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.732435356896
    Latitude
    33.239173615473

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    FAQs

    What type of property is this?
    Land - 3.49 Acres, Custer Rd, Prosper, TX
    Where is this land located?
    The property is located at Custer Rd Prosper, TX.
    What is the asking price?
    The asking price for this property is $2,400,000.
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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
    Custer Rd Prosper, TX 75071
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