Property profile

15325 Co Rd Nevada, TX 75173

OFF-MARKET
Land
31.07 ac lot
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Property summary

AI-generated overview

This exceptional 31.07-acre property in Collin County, Texas, presents a unique development opportunity near Lake Lavon. Currently zoned F1 for commercial and agricultural use, the land boasts pre-approved plans for an RV park and a substantial 6,500 square-foot shop. The existing shop features two roll-up doors, two 250-amp electrical panels, a generator, and a propane tank, providing immediate utility. Comprehensive site plans, drainage solutions, and a completed plat are readily available for review, streamlining the development process. The property's strategic location offers significant potential for multiple income streams. Imagine a thriving RV park with approximately 137 potential RV pad rentals, complemented by an on-site RV repair center housed within the existing shop. A welcome center, incorporating amenities such as a laundry facility, community store, and clubhouse, could further enhance the property's appeal and revenue generation. This turnkey opportunity combines existing infrastructure with significant expansion potential, making it an ideal investment for developers seeking substantial returns. The property is located at 15325 Co Rd 549, Nevada, TX 75173. The asking price is $1,875,000.

Property profile

Verified
Property type Land
Lot 31.07 ac (1,353,409 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15325 Co Rd Nevada, TX 75173
Nevada metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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