7014 Fm 879 Palmer, TX 75152
For Sale
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Exceptional opportunity to acquire 130 acres of unzoned land in Ellis County, Texas, near Palmer. This expansive property offers remarkable versatility, suitable for diverse uses including commercial development, agricultural pursuits, or residential projects. Priced at $2,470,000 ($19,000/acre), it presents a compelling investment. Strategically located just 5 minutes from I-45, providing easy access to the Dallas-Fort Worth metroplex (30 miles), Ennis (6.5 miles), and Waxahachie (20 miles). This prime location benefits from proximity to a robust job market and thriving communities. The land boasts a rich agricultural history, having been under the same family's ownership for over 60 years, and currently benefits from an agricultural exemption. Surrounding amenities include Big O Speedway, the Bluebonnet Festival, Lake Bardwell, and the Bluebonnet Trails. Water is supplied by East Garrett Water Supply. This unique property presents a rare chance to capitalize on its diverse potential in a desirable location. The property is located at 7014 FM 879, Palmer, TX 75152. Further details are available upon request.
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.
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.