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OFF-MARKET
Mixed-use properties

0 Nwq Hwy 287 & Blackchamp Rd Midlothian, TX 76065

23.84 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 23.84-acre tract of land presents a prime development opportunity at the northwest quadrant (NWQ) of US Highway 287 and Blackchamp Road in Waxahachie, Ellis County, Texas, zip code 76065. Situated at the forefront of the burgeoning Montclair Heights community, this site offers unparalleled access to a rapidly expanding residential market. Montclair Heights is a planned community encompassing 188 acres and featuring 385 single-family homes, ensuring a robust and growing customer base for any commercial development. The property's strategic location provides excellent connectivity to Highway 287, facilitating easy access for commuters and businesses. The site is divisible, allowing for flexibility in development plans to suit various needs and scales. Furthermore, utilities are planned to be delivered directly to the site, simplifying the development process and reducing upfront costs. This location also benefits from proximity to Waxahachie High School, adding to its appeal and potential for synergistic development. This is an exceptional investment opportunity for developers seeking to capitalize on the high-growth potential of this thriving Texas community. The property's size, location, and access to utilities make it ideal for a wide range of commercial ventures.

Property profile
Verified
Property type Mixed-use properties
Lot 23.84 ac (1,038,470 SF)
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
AI Approach AI
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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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