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    121 State Hwy Randolph, TX 75490

    For Sale
    $6,726,000

    Prime rural land, future development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 57-acre property presents a remarkable opportunity for diverse development. Located in Fannin County, Texas, on the southeast corner of State Highway 121 and County Road 635, this unzoned land offers significant potential for various uses, including residential, commercial, and industrial projects. Its strategic location, just 15 miles northeast of McKinney and 15 miles southwest of Bonham, provides easy access to major transportation routes. The property is situated within the desirable Trenton Independent School District and benefits from proximity to the new Bois D'Arc Lake (approximately 17,000 surface acres), further enhancing its appeal. State Highway 121, a four-lane divided highway, provides excellent connectivity from Highway 75 in McKinney directly to the property. Water service is available through Desert WSC, with sufficient capacity to support future residential and commercial development. A conceptual plan illustrating a potential 42-lot, 1-acre lot subdivision is available for review. This presents a unique opportunity for developers seeking a prime location for a variety of projects, including office warehouses, RV and boat storage, and residential subdivisions. The asking price is $6,726,000. The property's APN is 77092. The seller is motivated and open to creative deal structures.

    Property Features for 121 State Hwy

    General Information

    Property type
    Land
    Lot Size
    2,482,920 SF

    HighLights

    • Prime 1‑acre residential lot in a rural setting.
    • Ideal for new construction.
    • Excellent location for a single‑family home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Randolph
    County
    Fannin
    State
    Texas
    Longitude
    -96.38466414436
    Latitude
    33.396613080619

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    FAQs

    What type of property is this?
    Land - Prime rural land, future development potential.
    Where is this land located?
    The property is located at 121 State Hwy Randolph, TX.
    What is the asking price?
    The asking price for this property is $6,726,000.
    What are key features of this property?
    This property features: Prime 1-acre residential lot in a rural setting.; Ideal for new construction.; Excellent location for a single-family home.
    Request Owner's contact information
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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
    121 State Hwy Randolph, TX 75490
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