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Property profile & analytics
OFF-MARKET
Land

IH35 N Elm Mott, TX 76640

Property ID
Property summary
AI-generated overview

This exceptional 16.96-acre commercial land parcel boasts a highly visible location on the west side of Interstate Highway 35 in Elm Mott, Texas, offering significant development potential. Conveniently accessible via northbound Exit 346 (requiring a U-turn at Tours Road/FM 3149) and southbound Exit 347, although Texas Department of Transportation (TXDOT) access restrictions are in place despite proximity to Exit 346. The property features 537 feet of frontage on IH35, providing excellent exposure for any commercial venture. Infrastructure is partially in place, including a 25-foot concrete driveway (permitted by TXDOT). Utilities are readily available, with electricity accessible through Hilco Electric Co-op (currently without a meter) and water available through Ross Water Supply Corporation (currently without a meter). Importantly, there are no zoning restrictions, offering flexibility for a wide range of commercial developments. Adding to the property's value is an existing billboard lease, generating immediate passive income. The asking price for this strategically located and well-positioned property is $1,300,000. This presents a unique opportunity for investors and developers seeking high-visibility commercial land in a rapidly growing area. The property is located in Ross, TX, zip code 76640.

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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