4228 Us Highway 377 Granbury, TX 76049
This exceptional 5.573-acre commercial land parcel presents a prime development opportunity in Granbury, Texas. Boasting approximately 174 feet of frontage on heavily trafficked East US Highway 377, this property enjoys an enviable location directly across from a Kia dealership and in close proximity to major retailers including Kroger, H-E-B, Marshalls, Starbucks, and McDonald's. The property is zoned LC - Light Commercial and IH - Interim Holding, offering flexibility for a variety of retail, office, or restaurant uses. An existing 24' x 50' insulated workshop is equipped with HVAC, water, electricity, and a bathroom, providing immediate utility. A pre-existing residence on the site offers potential for business use or temporary headquarters during development. Five additional storage units and a carport for up to four vehicles are included. City water services the home and workshop; a well provides irrigation water. Electricity is supplied by United Co-op. The asking price is $600,000, translating to a land value of $2.68 per square foot. Note that water levels from the on-site pond may fluctuate. This is an exceptional opportunity to capitalize on a high-visibility location and strong retail environment.
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.
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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.