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    OFF-MARKET
    Commercial real estate

    5251 Fm 982, Princeton, TX 75407

    1.5 ac lot
    Property ID
    US82-2179382
    Property summary
    AI-generated overview

    This exceptional commercial land opportunity spans 1.5 to 16 acres in the thriving city of Princeton, Texas, located in Collin County, zip code 75407. Situated at the intersection of FM 546 and FM 982, this property benefits from its strategic location approximately 35 miles northeast of downtown Dallas. Princeton is experiencing explosive growth, projected to see a 50% increase in both households and population by 2028. The surrounding area boasts impressive demographics, with average household incomes exceeding $134,000 within a one-mile radius. This advantageous position is further enhanced by its adjacency to the Bridgewater Master-Planned community, a development that will ultimately encompass over 2,300 homes. Adding to the property's appeal, Lennar Homes is currently constructing approximately 225 rental homes on an adjacent 32-acre parcel, with completion anticipated in late 2025. Available land parcels include 1.5, 5, and 16 acres, offering flexibility for various development projects. This presents a unique investment opportunity in one of Texas's fastest-growing areas. The property's coordinates are 33.1028007 latitude and -96.5011257 longitude.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.5 ac (65,340 SF)
    UPID US82-2179382
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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