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    Fm 664 Ferris, TX 75125

    For Sale
    Contact for pricing

    17.44 Acres, 2 Lots, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land offering presents a unique investment opportunity in the rapidly growing city of Ferris, Texas. Comprising two available lots totaling 17.44 acres, this property boasts unparalleled visibility and accessibility, situated directly on FM664. Both lots feature direct road frontage and are approximately 280 feet deep, ideal for commercial pad sites. Lot 1 encompasses 4.69 acres, priced at $1,634,371 ($348,480 per acre), while Lot 2 offers 2.17 acres for $756,201 ($348,480 per acre). The location benefits from existing utilities on-site, proximity to schools and a vibrant downtown area, and is strategically positioned within a thriving residential community. Furthermore, this property is adjacent to a planned 900+ acre development, promising significant future growth and increased property value. Its convenient location, just 20 minutes from downtown Dallas, makes it an attractive proposition for investors and developers seeking a high-growth market with excellent infrastructure and accessibility. This is a rare opportunity to acquire prime commercial land in a rapidly expanding Texas city.

    Property Features for 0 Fm 664

    General Information

    Property type
    Land

    HighLights

    • Two lots totaling 17.44 acres available in Ferris, TX, directly on FM664.
    • Excellent visibility and accessibility, near schools and downtown. Utilities on‑site.
    • Located 20 minutes from downtown Dallas, adjacent to a planned 900+ acre development.
    • Lot 1: 4.69 acres, $1,634,371 ($348,480/acre), 280' deep with direct road frontage. Ideal for commercial pad sites.
    • Lot 2: 2.17 acres, $756,201 ($348,480/acre), 280' deep with direct road frontage. Ideal for commercial pad sites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ferris
    County
    Ellis
    State
    Texas
    Longitude
    -96.688513
    Latitude
    32.53778

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    FAQs

    What type of property is this?
    Land - 17.44 Acres, 2 Lots, Prime Location
    Where is this land located?
    The property is located at Fm 664 Ferris, TX.
    What are key features of this property?
    This property features: Two lots totaling 17.44 acres available in Ferris, TX, directly on FM664.; Excellent visibility and accessibility, near schools and downtown. Utilities on-site.; Located 20 minutes from downtown Dallas, adjacent to a planned 900+ acre development.
    (972) 921-1594
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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
    Fm 664 Ferris, TX 75125
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