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    45 Svc Rd Palmer, TX 75119

    For Lease
    $13,632 /Mo

    17.5 Acres, Commercial & Residential

    Lot size:
    762,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 17.5-acre property presents a unique investment opportunity in Alma, Texas, boasting both commercial and residential zoning. Strategically located on Interstate 45 Service Road, this land offers unparalleled visibility and accessibility. Approximately 4.4 acres are zoned commercial, ideal for businesses seeking high-traffic exposure near Ennis and within a convenient 40-minute drive of downtown Dallas. This prime location sits along the major route connecting Dallas and Houston. The remaining 13.1 acres are zoned residential, providing additional development potential. The acreage available for lease is flexible, catering to various project sizes. Shorter-term lease options may be considered. The land itself is relatively flat and partially fenced, offering a convenient and usable space. Importantly, this property is not situated in a flood zone, mitigating risk. While a security deposit is required, prospective tenants should be aware that certain restrictions and easements apply. Interested parties are responsible for independently verifying all provided information. A more detailed property description is available upon request. Don't miss this chance to secure a prominent location on a major Texas interstate.

    Property Features for 45 Svc Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    762,300 SF
    Total Rate
    13632

    Unit(s) available at that property

    Space
    Size
    762,300 SF
    Rate per SF
    $13,632
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palmer
    County
    Ellis
    State
    Texas
    Longitude
    -96.52895738
    Latitude
    32.27941822

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    FAQs

    What type of property is this?
    Land - 17.5 Acres, Commercial & Residential
    Where is this land located?
    The property is located at 45 Svc Rd Palmer, TX.
    What is the lease rate?
    The lease rate is $13,632 /Mo.
    Request Owner's contact information
    45 Svc Rd Palmer, TX 75119
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    Palmer, TX 75119
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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
    45 Svc Rd Palmer, TX 75119
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