Property profile

500 Parker Rd St Wylie, TX 75098

OFF-MARKET
Land
12.74 ac lot
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Property summary

AI-generated overview

This exceptional 12.741-acre property presents a unique investment opportunity in Wylie, Texas. Located at 500 Parker Road St, Collin County, this land boasts a prime location, situated in an area slated for future development. The property's APN is R669600001301. Currently zoned for agricultural use, its strategic position along the proposed expansion of Parker Road offers significant potential for commercial or residential development. The parcel is largely located outside the extraterritorial jurisdiction (ETJ). Preliminary plans suggest the possibility of creating approximately 1.5-acre single-family residential lots or 2-acre commercial pad sites. This location offers convenient access to the Inspiration development, situated just 2.5 miles away. A significant advantage is the property's location outside the 100-year floodplain, as verified by flood maps and the current owner. The asking price for this remarkable property is $2,994,135. This presents a rare chance to acquire a substantial tract of land with high growth potential in a rapidly developing area of Wylie, Texas. The property's size and location make it ideal for a variety of development projects, capitalizing on the anticipated growth and infrastructure improvements in the region. This is a truly exceptional opportunity for discerning investors seeking a prime piece of Texas real estate.

Property profile

Verified
Property type Land
Lot 12.74 ac (554,998 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

500 Parker Rd St Wylie, TX 75098
Wylie metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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