$1,200,000
●
Land -
Off Market
000 Burl
Corinth, TX 76208
Studio
0 Bath
$5,893
Est. Monthly
About This Property
This is a rare and exceptional opportunity for developers! The
seller has already completed the hard work, securing city approval
for condos, office parks, and other exciting developments. Located
in a rapidly growing area with several new neighborhoods under
construction, this prime piece of real estate is positioned for
success. Convenience is key, with the Denton Katy Trail running
along the east side of the property and the DART Rail Line just
steps away, offering unmatched connectivity. Situated right next to
I-35, this location is ideal for multi-family housing or condo
development, with stunning views of the picturesque pond. The
offering includes 3 lots totaling 3.8211 acres, making this a
perfect opportunity for a premier investment in the heart of Denton
County. Don't miss your chance to be part of this thriving area's
growth!
Unit Size
-
Days on Market
-
Land Size
3.82 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2015
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Home Price
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%
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Principal + Interest:
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Cap Rate Calculator
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (NTREIS #20869876)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Mar 12, 2025 | Listed | $1,200,000 | |
| Listed | |||
| | |||
|
This is a rare and exceptional opportunity for developers! The seller has already completed the hard work, securing city approval for condos, office parks, and other exciting developments. Located in a rapidly growing area with several new neighborhoods under construction, this prime piece of real estate is positioned for success. Convenience is key, with the Denton Katy Trail running along the east side of the property and the DART Rail Line just steps away, offering unmatched connectivity. Situated right next to I-35, this location is ideal for multi-family housing or condo development, with stunning views of the picturesque pond. The offering includes 3 lots totaling 3.8211 acres, making this a perfect opportunity for a premier investment in the heart of Denton County. Don’t miss your chance to be part of this thriving area’s growth!
| |||
| Aug 21, 2023 | Sold | ||
| Sold | |||
| Mar 20, 2023 | Listed by Nada Homes | $729,900 | |
| Listed by Nada Homes | |||
| | |||
|
Owner Financing available on this versatile and hard to find acreage in Corinth. This property could be developed into a business park, RV Storage, or small subdivision. The Denton Katy Trail runs past the East side of this property, and so does the Dart Rail Line. Buyer and buyer's agent to do their own due diligence and verify the zoning and restrictions. Ask agent about seller finance terms.
| |||
| Jan 26, 2023 | No longer available | - | |
| No longer available | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
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Asking Price
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Closing Price
Sold On
Sold On
HOA + Taxes
About Corinth
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Listed by: Cinnament Carey, eXp Realty LLC
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20869876
Details provided by NTREIS and may not match the public record
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20869876
Details provided by NTREIS and may not match the public record
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