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