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Property profile & analytics
OFF-MARKET
Land

0 Fm 156 Ponder, TX 76247

Property ID
Property summary
AI-generated overview

This exceptional 65-acre commercial land parcel presents a remarkable development opportunity in the rapidly expanding Justin, Texas area. Strategically located on FM 156, this property enjoys direct access to I-35W and is situated along the projected path of the future 407 realignment, ensuring excellent connectivity to the broader Dallas-Fort Worth Metroplex. The City of Justin is experiencing significant growth, with recent annexations and plans for approximately 10,000 new homes in the immediate vicinity. This surge in residential development is further complemented by the expansion of neighboring communities like Northlake, Krum, and Fort Worth. The property benefits from the presence of substantial nearby development projects, including a significant 4,500-home development undertaken by Hillwood companies in Justin. Utilities are conveniently located on-site, streamlining the development process. This prime commercial-zoned land offers unparalleled potential for a wide range of development projects, capitalizing on the explosive growth and strategic location within the thriving DFW region. The property is located in Denton County, Texas, with a zip code of 76247.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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