Property profile

78 State Hwy Nevada, TX 75173

OFF-MARKET
Land
80 ac lot
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Property summary

AI-generated overview

This exceptional ±80-acre property presents a unique investment opportunity in rapidly developing Collin County, Texas. Strategically located on the hard corner of Highway 78 and County Road 489, this land boasts a signalized intersection, maximizing visibility and accessibility. The property offers over 3100 feet of frontage on Highway 78 and over 1700 feet on County Road 489, providing ample space for diverse development. Currently zoned for agricultural use, the land is ideally suited for a mix of retail and one-acre residential development, capitalizing on the area's significant growth. A substantial 6-inch water line runs beneath Highway 78 and along the County Road 489 frontage, providing essential infrastructure. Utility easements are situated along the southern portion of the property. Located within the Wylie ETJ (Extra Territorial Jurisdiction) and served by the highly-rated Community ISD, this property benefits from excellent school district access and proximity to established amenities. This is one of the last undeveloped tracts in Collin County, poised for significant appreciation as development continues in this thriving area. The asking price is $5,600,000. APN: 2550538.

Property profile

Verified
Property type Land
Lot 80 ac (3,484,800 SF)

Cap rate & NOI

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

Location

78 State Hwy 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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