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    85 Prairie Dr Jarrell, TX 76537

    For Sale
    $2,600,000

    15 Acres, High-Growth Area, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 15-acre commercial land parcel presents a unique investment opportunity in Jarrell, Texas, a city experiencing rapid growth. Located at 85 Prairie Dr, this flat, elevated property boasts a prime location approximately 3 minutes from Interstate Highway 35, providing easy access to major transportation routes and proximity to Jarrell's downtown area, including grocery stores and restaurants. The land is completely clear, free of trees and improvements, offering a developer a clean slate for immediate development. Importantly, the property sits outside the floodplain. The seller has already invested in significant pre-development work, including engineering for streets based on a proposed layout of over 50 lots, potentially yielding over 100 residential units (a mix of single-family and multi-family homes). Engineering work has also been completed with a utility provider regarding easements, and utilities are available on-site. The SF-2 zoning allows for a variety of residential development options, including single-family homes, duplexes, and triplexes, making this a highly versatile property. Several planning meetings with the city have already taken place, and the current development plan remains open, allowing for flexibility in future development plans. This is a rare opportunity to acquire a large, well-situated parcel in a booming Texas market, ready for immediate development. The asking price is $2,600,000.

    Property Features for 85 Prairie Dr

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    HighLights

    • $2,600,000 asking price.
    • 15‑acre commercial land parcel in Jarrell, TX.
    • SF‑2 zoning, allowing for diverse residential development (single‑family, multi‑family, duplexes, triplexes).
    • Partially developed site plan with potential for over 100 residential units.
    • Utilities available; flat, elevated land; no floodplain; no trees.
    • Convenient location, approximately 3 minutes from I‑35 and near Jarrell's amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jarrell
    County
    Williamson
    State
    Texas
    Longitude
    -97.5973351
    Latitude
    30.8194469

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    FAQs

    What type of property is this?
    Land - 15 Acres, High-Growth Area, Development Ready
    Where is this land located?
    The property is located at 85 Prairie Dr Jarrell, TX.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: $2,600,000 asking price.; 15-acre commercial land parcel in Jarrell, TX.; SF-2 zoning, allowing for diverse residential development (single-family, multi-family, duplexes, triplexes).
    (512) 814-1820
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    85 Prairie Dr Jarrell, TX 76537
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    Jarrell, TX 76537
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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
    85 Prairie Dr Jarrell, TX 76537
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