21805 Hwy 69 Bullard, TX 75757
This exceptional 268.02-acre property, located at 21805 Highway 69 South in Bullard, Texas (zip code 75757), presents a unique investment opportunity. The listing encompasses the east side of the total acreage and offers unparalleled potential for a flagship development. This premium parcel boasts significant highway frontage, making it ideal for a diverse range of uses, including high-density residential, retail, hotel, resort-style golf, or an auto dealership. The possibilities are extensive. The property includes a 1,320 square foot, single-story building. While the owner is willing to sell the east and west sides separately, they will not subdivide the parcels further. However, the owner is open to selling to multiple buyers simultaneously, provided all contracts close concurrently. This remarkable opportunity also includes a main home situated across Highway 69. The property is situated in Smith County, Texas, and offers a strategic location for significant development. This is a rare chance to acquire a substantial tract of land with exceptional visibility and access, poised for substantial growth and return. The asking price for this expansive property is $16,227,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.