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Property profile & analytics
OFF-MARKET
Land

608 Fm 2738 Alvarado, TX 76009

53 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 53-acre property presents a unique investment opportunity in the rapidly growing Venus/Alvarado submarket of Johnson County, Texas. Located at 608 FM 2738, Alvarado, TX 76009, this unzoned land boasts over 900 feet of frontage on FM 2738, a key connector road between FM 917 and US 67, providing excellent access to I-35W. The property is situated just over 3,000 feet north of US 67 and approximately 4.5 miles west of it. Its strategic location offers easy access to major transportation arteries, placing it within a 22-mile radius of the Dallas and Fort Worth central business districts and DFW International Airport. Utilities are readily available, with Mountain Peak water and electric already connected to the property. Sewer installation is underway along US 67, approximately 3,000 feet to the south. The property's address is in Alvarado, but portions fall within the Venus extraterritorial jurisdiction (ETJ) and unincorporated Johnson County. The property is served by the Alvarado Independent School District. This land, held by the same family for generations, presents a rare chance to capitalize on the significant growth and development occurring in this area. Major developers have recently invested heavily in the submarket, and this property offers a substantial opportunity for future development, given its size, location, and access to utilities. The APN is 126.0327.06660.

Property profile
Verified
Property type Land
Lot 53 ac (2,308,680 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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