701 Mcpherson Rd Fort Worth, TX 76140
For Sale
This exceptional ±12.93-acre parcel in Fort Worth, Texas, presents a prime opportunity for multifamily development. Located at 701 McPherson Rd, 76140, this property boasts CR zoning allowing for 16 units per acre, totaling significant development potential. Utilities are available on-site. The land is conveniently situated less than a mile from I-35W, providing direct access to both northbound and southbound traffic, and within 5 miles of I-20. This location offers easy access to both downtown Fort Worth and Burleson, which is approximately 10 minutes away. The property is served by the Burleson ISD, with Ann Brock Elementary, Nick Kerr Middle School, and Centennial High School nearby. Priced at $3,500,000, this entitled development opportunity is situated in a thriving market
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.