Property profile

0 Fm 815 Leonard, TX null

OFF-MARKET
Land
107 ac lot
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Property summary

AI-generated overview

This exceptional 107-acre agricultural property presents a unique investment opportunity in Leonard, Texas. Located conveniently on FM 815, this land boasts a desirable location free from floodplain restrictions. The property is zoned for agricultural use, offering versatility for various farming endeavors or future development projects. Infrastructure is already in place, including an existing 2.5-inch water line directly on FM 815, and a 4-inch line conveniently situated on CR 4920. This ensures ready access to water resources, a significant advantage for agricultural operations or potential development. The asking price for this expansive tract is $2,600,000. Note that an additional 107 acres is available for purchase, presenting the possibility of acquiring a significantly larger landholding. The property's ideal size and location make it particularly well-suited for a new platted development of 1-5 acre lots, offering substantial potential for future growth and return on investment. The APN for this property is 71852. This is a rare opportunity to acquire prime Texas farmland with excellent development potential. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 107 ac (4,660,920 SF)

Cap rate & NOI

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

Location

Fm 815 Leonard, TX null
Leonard metro
Google Maps

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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