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Property profile & analytics
OFF-MARKET
Land

0 & Rex Odom Rd Midlothian, TX 76065

89 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 89-acre tract presents a remarkable investment opportunity in the rapidly expanding Midlothian/Waxahachie, Texas area. Situated along US Highway 287 and Rex Odom Road, this property boasts unparalleled access to major transportation arteries and benefits from significant infrastructure improvements underway. The land overlooks the US 287 growth corridor, connecting two thriving Texas cities. Nearby developments include the substantial 966-acre, 2700-home Diamond J Ranch, and the Mid-Way Regional Airport. Future residential growth projections indicate over 15,000 new single-family homes within a 10-minute drive by 2026, creating a substantial new customer base. This presents a unique chance to capitalize on the burgeoning Ellis County retail market. The area is experiencing substantial growth fueled by new hospitals (Baylor Scott White, Waxahachie and Methodist Medical Center, Midlothian), a Google data center and regional headquarters in Midlothian, and planned highway improvements (TxDOT service road additions to US 287). Further enhancing the property's appeal are new boulevard and road projects planned by the cities of Waxahachie and Midlothian, including the Longbranch Road widening and extension, and new collector roads connecting Longbranch to Walnut Grove. These improvements, coupled with the cities' comprehensive plan enhancements, position this property for exceptional long-term value. The property offers frontage on US 287, Rex Odom Road, and Prong Creek, providing excellent visibility and accessibility. The asking price is $20,353,410.

Property profile
Verified
Property type Land
Lot 89 ac (3,876,840 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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