0 Us-82 Nocona, TX 76255
This exceptional 40-acre property boasts 1400 feet of frontage on Highway 82, just west of Nocona, Texas, in Montague County (zip code 76255). Its versatile zoning allows for a multitude of development options, catering to diverse investment strategies. Imagine building a secluded country home on the rear portion of the land, away from highway noise, or developing residential lots to capitalize on the high demand for housing. Alternatively, the significant highway frontage presents a prime opportunity for commercial development. The property's location offers easy access to Nocona and surrounding areas. Electricity is readily available on-site, simplifying infrastructure development. This individually owned land presents a unique chance to acquire a substantial parcel with significant highway visibility and diverse development potential. While the current acreage is 40 acres, there's a possibility of acquiring additional land, expanding the investment opportunity even further. The asking price for this remarkable property is $460,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.