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Property profile & analytics
OFF-MARKET
Land

3243 Harrell Rd Howe, TX 75459

63.8 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 63.8-acre property in Howe, TX, presents a remarkable investment opportunity. Located less than five miles from US Highway 75 and the thriving tech corridor, it benefits from the proximity to major employers like Texas Instruments and Globitech, who have recently announced significant investments totaling over $34 billion, creating thousands of jobs. The land is situated within Sherman's ETJ, served by the Howe School District, and features over 1500 feet of road frontage. Infrastructure is in place, including a 6-inch water pipeline (Luella SUD) with capacity approved for 37 lots and electricity provided by GCEC. A comprehensive due diligence package is available, including a survey, Phase 1 environmental study, legal description, and topographic information. The property's diverse features, including a one-acre pond, rolling hills, and open meadows, offer a variety of development possibilities, from residential subdivisions to high-end RV parks. Seller financing may be considered with a 50% down payment. The asking price is $2,560,000 ($40,125/acre). Buyer to verify all information.

Property profile
Verified
Property type Land
Lot 63.8 ac (2,779,128 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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