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Property profile & analytics
OFF-MARKET
Land

0 Tx-121 Frisco, TX 75024

Property ID
Property summary
AI-generated overview

This exceptional 1.897-acre commercial land parcel, located at the southwest corner of State Highway 121 and Rasor Boulevard in Plano, Texas, presents a unique investment opportunity. Priced at $2,650,000, this property boasts a land value of $22.53 per square foot, totaling 117,612 square feet. The site is zoned RC-Regional Commercial, allowing for a wide range of development possibilities. Importantly, this location has already received approval for a FourPoint Sheraton Hotel franchise. All necessary development documents are readily available for review, ensuring a streamlined and informed decision-making process for prospective buyers. The property's strategic position on State Highway 121 in Plano, Texas, 75024, guarantees high visibility and accessibility, making it an ideal location for a variety of commercial ventures. This prime location offers significant potential for substantial returns on investment. The property's proximity to major thoroughfares and established businesses further enhances its appeal. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving Texas market.

Property profile
Verified
Property type Land
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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