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Property profile & analytics
OFF-MARKET
Land

0 Longbranch Rd Midlothian, TX 75167

291 ac lot
Property ID
Property summary
AI-generated overview

This extraordinary 291-acre Ellis County property presents a unique investment opportunity. Strategically located between the 2700-home Hannover Bridgewater development and Mid-Way Regional Airport, this land boasts a Midlothian Corporate Module land-use designation. The property includes shoreline and partial ownership of the 50-acre Bridgewater Lake #1, offering significant potential. Access is provided via an existing easement from Longbranch Road, with a planned collector road further enhancing accessibility. Planned utility connections will extend municipal services to the property, connecting it to the Bridgewater development. Currently generating cash flow through agricultural leases, this land maintains the advantageous Ellis County agricultural property tax status. According to CoStar listings from August 2021, this represents the lowest listed price per square foot for commercial land in Ellis County, making it an exceptionally compelling investment. The property's proximity to a major residential development and airport positions it for substantial future growth and development potential. The asking price for this expansive tract is $12,000,000.

Property profile
Verified
Property type Land
Lot 291 ac (12,675,960 SF)
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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