0 Tbd Downe Rd Justin, TX 76247
This exceptional 92-acre property presents a unique investment opportunity in the rapidly growing Justin, Texas area. Located at TBD Downe Road, Justin, TX 76247 (Denton County), this expansive land parcel (4,007,520 sq ft) offers versatile zoning suitable for agricultural, commercial, and residential development. The property is outside city limits, however, the City of Justin is open to annexation, provided there are no conflicting ETJ or boundary issues. Utilities are readily available at the road, with capacity dependent on the intended use. Existing infrastructure includes an 8" PVC line and a 10" PVC line for sewer, and an 8" PVC line for water. The Town of Northlake provides water and sewer connections. The city welcomes various commercial ventures, particularly retail, general commercial, and mixed-use developments. Detailed zoning information can be found in the Justin, TX Code of Ordinances, Article II, Uses. This prime location and substantial acreage make this a compelling investment for developers seeking a strategic foothold in a thriving Texas market. The asking price for this exceptional property is $10,000,000.
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
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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.