Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    0000 Fm-1243 Mertens, TX 76670

    For Sale
    $672,300

    Versatile Land: Agricultural, Commercial, Residential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 34.75-acre property presents a unique investment opportunity near Hillsboro, Texas. Located just a few miles from I-35, this land offers unparalleled convenience and accessibility to major cities like Waco, Dallas, and Fort Worth. Currently leased for corn cultivation, providing a potential revenue stream, the property is zoned for agricultural, commercial, and residential uses. The expansive acreage allows for diverse development possibilities, from a dream home to a thriving farm or commercial venture. Buyers have the flexibility to purchase the entire parcel or explore options for dividing it into two separate parcels (approximately 20 acres and 14.75 acres). The property's location in Hill County, Texas, with a Milford address and 76670 zip code, provides a tranquil setting while remaining conveniently close to urban amenities. Prospective buyers are responsible for surveying the land to determine the optimal parcel size for their specific needs. The asking price for this remarkable property is $672,300. This is an exceptional opportunity to acquire a large parcel of land with diverse potential uses in a desirable location. The property is individually owned.

    Property Features for 0000 Fm-1243

    General Information

    Property type
    Farms
    Lot Size
    1,513,710 SF

    HighLights

    • 34.75‑acre land parcel near Hillsboro, TX, offering diverse development potential.
    • Zoned for agricultural, commercial, and residential use; currently leased for corn cultivation.
    • Divisible into two parcels (approx. 20 acres and 14.75 acres).
    • Convenient I‑35 access, near Waco, Dallas, and Fort Worth.
    • Buyer responsible for surveying.
    • $672,300 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mertens
    County
    Hill
    State
    Texas
    Longitude
    -96.9806
    Latitude
    32.0938

    Nearby Comparable

    • $1,063,500
      70.90 Acres

      Texas Land with Development Potential

      70 acres in Milford, TX, ideal for development or recreation.
      Hcr 4365, Milford, TX 76670
      View Details
    • $150,000
      10.01 Acres

      Milford, TX Acreage Opportunity

      Unimproved land for ranch, estate, or recreational use.
      Crk 4365, Milford, TX 76670
      View Details
    • $3,001,056
      187.50 Acres

      187.5 Acres of Unimproved Land

      187.5 acres near I-35, suitable for investment or agricultural use.
      748 S Fm 308, Milford, TX 76670
      View Details
    • $99,000
      0.13 Acres

      Downtown Milford Commercial Space Available

      Commercial building with courtyard in downtown Milford, Texas.
      107 North Main St, Milford, TX 76670
      View Details

    Nearby Similar for Sale

    • $4,067,775
      361.58 Acres

      Prime Mertens Land - 361 Acres

      Exceptional Texas acreage, ideal for development.
      4451 Fm 308, Mertens, TX 76666
      View Details

    FAQs

    What type of property is this?
    Farm - Versatile Land: Agricultural, Commercial, Residential
    Where is this farm located?
    The property is located at 0000 Fm-1243 Mertens, TX.
    What is the asking price?
    The asking price for this property is $672,300.
    What are key features of this property?
    This property features: 34.75-acre land parcel near Hillsboro, TX, offering diverse development potential.; Zoned for agricultural, commercial, and residential use; currently leased for corn cultivation.; Divisible into two parcels (approx. 20 acres and 14.75 acres).
    Request Owner's contact information
    0000 Fm-1243 Mertens, TX 76670
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    0000 Fm-1243
    Mertens, TX 76670
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    0000 Fm-1243 Mertens, TX 76670
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.