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Property profile & analytics
OFF-MARKET
Land

12509 Strittmatter Rd Pilot Point, TX 76258

171 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 171-acre property in Pilot Point, Denton County, Texas, presents a unique investment opportunity. Currently operating as a family ranch for over four decades, the land boasts three existing homes, a one-bedroom, one-bathroom apartment, and a substantial 10,000-square-foot shop complete with water and electricity. The shop offers ample storage and workspace. Additional structures provide storage for equipment and hay. The property features cross-fencing for efficient livestock management, and convenient access is provided via Highway 455 and Strittmatter Road. A natural water feature, Pecan Creek, traverses the land, ensuring a consistent water supply. The location offers unparalleled convenience, situated less than ten minutes from the North Dallas Tollway expansion, thirty minutes from Frisco and Lake Ray Roberts, and within an hour's drive of casinos. This versatile property is ideally suited for developers and investors seeking to create a remarkable residential or commercial development, potentially incorporating the existing structures and the creek into a stunning water feature. The asking price is $10,000,000. The property's zoning and potential uses should be independently verified.

Property profile
Verified
Property type Land
Lot 171 ac (7,448,760 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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