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OFF-MARKET
Land

1097SEC Of Fm 1097 & Cannan Rd Willis, TX 77318

50.75 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 50.75-acre tract of land presents a unique investment opportunity in Willis, Texas. Located within the Willis city limits, this property boasts significant frontage on both FM 1097 (approximately 1,986 feet) and Cannan Road (approximately 1,034 feet), providing excellent visibility and accessibility. The land is situated in the highly desirable Willis Independent School District and offers convenient access to major transportation arteries, with Interstate 45 approximately two miles away. The property's substantial size and prime location make it suitable for a variety of commercial and residential developments. The potential for city utilities adds further value and development flexibility. This offering presents a rare chance to acquire a large parcel of land in a rapidly growing area, with significant development potential. The asking price is $3,248,000, representing a price per acre of $64,000. This represents a compelling investment opportunity given the property's size, location, and potential for future growth. Detailed surveys and site plans are available upon request. Don't miss this chance to secure a piece of prime Texas real estate. The property is zoned for both commercial and residential use, offering a wide range of development possibilities. The location within Willis city limits provides access to municipal services and infrastructure.

Property profile
Verified
Property type Land
Lot 50.75 ac (2,210,670 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
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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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