0 Fm 815, Leonard, TX null
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.
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
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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.