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Property profile & analytics
FOR SALE
Commercial real estate

10616 County Road 506 Venus, TX 76084

144.46 ac lot
Entity Owned 7-yr Hold
Property ID
US82-6695307
Property summary
AI-generated overview

This exceptional 144.46-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Mansfield/Venus/Midlothian submarket of North Texas. Located in unincorporated Johnson County, this property boasts convenient access to major transportation arteries, including US 67, IH-35, and US 287, providing swift connections to the Dallas/Fort Worth International Airport and the central business districts of both Dallas and Fort Worth (approximately 22 miles away). The property is already equipped with water and electricity, and the City of Venus is actively developing a large sewer line along US 67, situated just half a mile away. This strategic location places the land directly in the path of significant recent development, mirroring the substantial land acquisitions by major developers within the past two years in the immediate vicinity. The property's potential is further enhanced by its adjacency to a 62-acre parcel, also available for purchase, allowing for the acquisition of a combined 206.46 acres. This represents a rare chance to capitalize on the escalating property values in this thriving area while securing a substantial land holding with excellent infrastructure access. The recent sale of an adjacent 118.71-acre parcel in October 2023 underscores the market demand and the property's inherent value. Don't miss this opportunity to secure a prime piece of Texas commercial real estate poised for significant growth. The property is located at 10616 County Rd 506, Venus, TX 76084.

Property profile
Verified
Property type Commercial real estate
Lot 144.46 ac (6,292,678 SF)
UPID US82-6695307
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Venus Farm LLC · 7 yrs held
Venus Farm LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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