608 Fm 2738 Alvarado, TX 76009
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.
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.