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Property profile

84 Tbd Hwy Oglesby, TX 76561

OFF-MARKET
Land
114.7 ac lot
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Property summary

AI-generated overview

This exceptional 114.7-acre commercial and farm property presents a unique development opportunity in Oglesby, Texas. Strategically located on Highway 84, this land boasts impressive frontage: 1,000 feet on both the north and south sides of Hwy 84, offering unparalleled visibility and accessibility. The northern tract extends an additional 1275 feet along Wendt Road, while the southern tract provides 1680 feet of frontage on FM 1996 and 1950 feet along CR 112 and Sheele Road. This prime location enjoys a high daily traffic count of 8,900 vehicles. The property features level building sites ideal for various commercial ventures. While electricity hasn't yet been connected to the property, the power lines serving both tracts have recently undergone upgrades, making connection relatively straightforward. Coryell City Water Supply Corporation provides water access. The seller is open to offers for subdivision, but prefers a whole-property sale. This versatile land is perfect for multiple uses, representing a significant transitional land opportunity for developers seeking high-visibility, high-traffic exposure in a rapidly growing area. The property is situated in Coryell County, Texas, with a 76561 zip code. The asking price is $2,294,000.

Property profile

Verified
Property type Land
Lot 114.7 ac (4,996,332 SF)

Cap rate & NOI

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

Location

84 Tbd Hwy Oglesby, TX 76561
Oglesby metro
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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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