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Property profile & analytics
OFF-MARKET
Distribution centers

973 Patterson Ave Florence, TX 76527

3,149,388 SF 72.3 ac lot
Entity Owned 4-yr Hold
Property ID
US82-3274893
Property summary
AI-generated overview

This exceptional 72.3-acre tract presents a compelling commercial development opportunity in Williamson County, Texas. Strategically located in the Florence extraterritorial jurisdiction (ETJ), outside city limits, this property offers unparalleled access to major transportation arteries and thriving economic centers. The site boasts approximately 2,300 feet of frontage on State Highway 138 and approximately 1,240 feet on State Highway 195, with convenient proximity (0.5 miles) to the SH 195 on/off ramp (24,360 AADT). Two Texas Department of Transportation (TxDOT)-permitted entrances ensure efficient access. Utilities are readily available, including Georgetown Municipal Water (12" line along SH 138 and 8" line along N. Patterson Ave), an existing well, and proximity to the City of Florence wastewater system (approximately 0.25 miles south). PEC electric lines run along the road frontage with an on-site meter. Buyers are advised to verify utility capacity for their specific development needs. The land itself is largely cleared, improved pasture with minimal tree coverage, featuring flat to gently rolling topography. A portion of the property lies within the 100-year floodplain (approximately 32.48 acres or 45%), as per prior owner's engineer's assessment. The property is zoned unrestricted within the ETJ and benefits from an agricultural exemption. The parcel ID is R010020, and the legal description is AW0285 AW0285 - Hornsby, J. Sur. The asking price is $2,800,000, translating to $46,750 per acre. Florence ISD serves the area. This location offers easy commutes to Georgetown (19 miles), Liberty Hill (20 miles), Leander (25 miles), Hutto (29 miles), Austin/Domain (38 miles), and Downtown Austin (46 miles), making it an ideal investment for developers seeking to capitalize on the robust growth of the Texas Triangle.

Property profile
Verified
Property type Distribution centers
Total area 3,149,388 SF
Lot 72.3 ac (3,149,388 SF)
APN R010020
UPID US82-3274893
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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Comparable Approach Comparable
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Owner & transaction history
Four 26 LLC · 4 yrs held
Four 26 LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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