0 Tbd Fm 934 Itasca, TX 76055
This exceptional 52.48-acre ranch, located in Itasca, Texas, presents a unique investment opportunity. Situated at the headwaters of Richland Creek and boasting convenient access to FM 934 and I-35W, this property offers the best of both worlds: tranquil countryside living with easy access to urban amenities. Less than 15 minutes from Hillsboro, under 45 minutes from Waco or Fort Worth, and within an hour of Dallas, the location is unparalleled. The land is primarily open pasture, perfect for livestock or agricultural pursuits, and benefits from an existing agricultural exemption. Currently leased for cattle grazing, the property features well-maintained perimeter fencing. With no known restrictions on use, Richland Creek Ranch provides flexibility for various purposes, including future development, continued agricultural operations, or recreational activities. The expansive native prairie, dotted with mature mesquite trees, offers ample space for grazing, horseback riding, or simply enjoying the peaceful Texas landscape. The property's APN is 118757. The asking price is $747,500.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.