1396 Park Hills Blvd Graford, TX 76449
This exceptional 10.4-acre commercial land parcel in Graford, Texas, presents a unique investment opportunity. Located at 1396 Park Hills Blvd, in Palo Pinto County, zip code 76449 (32.964066, -98.375868), this property consists of two contiguous 5-acre lots that must be purchased together. The land is largely level, featuring a mix of trees and native grasses. A significant advantage is that water impact fees have already been paid for both lots, eliminating a substantial upfront cost. This property offers unparalleled access to a wealth of community amenities, including a clubhouse with a pool and fitness center, boat storage, a community dock and boat launch, picnic areas, a cabin, lakefront access, a fishing pond, walking trails, and twenty miles of private gated roads. There are no building timelines or mandated builders, providing flexibility for future development plans. This is a rare opportunity to acquire a sizable, amenity-rich commercial tract in a desirable Texas location. The asking price for this exceptional property is $180,000.
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
Similar Nearby for Sale
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.