0000 Fm-1243 Mertens, TX 76670
This exceptional 34.75-acre property presents a unique investment opportunity near Hillsboro, Texas. Located just a few miles from I-35, this land offers unparalleled convenience and accessibility to major cities like Waco, Dallas, and Fort Worth. Currently leased for corn cultivation, providing a potential revenue stream, the property is zoned for agricultural, commercial, and residential uses. The expansive acreage allows for diverse development possibilities, from a dream home to a thriving farm or commercial venture. Buyers have the flexibility to purchase the entire parcel or explore options for dividing it into two separate parcels (approximately 20 acres and 14.75 acres). The property's location in Hill County, Texas, with a Milford address and 76670 zip code, provides a tranquil setting while remaining conveniently close to urban amenities. Prospective buyers are responsible for surveying the land to determine the optimal parcel size for their specific needs. The asking price for this remarkable property is $672,300. This is an exceptional opportunity to acquire a large parcel of land with diverse potential uses in a desirable location. The property is individually owned.
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.