5501 Randol Mill RdFort Worth, TX 76112

  • Commercial land
  • 2.57 AC
For Sale
$2,490,000 View listing

Property Details for 5501 Randol Mill Rd

Lot size
2.57 AC
Property type
Commercial land
APN
A1315-1B
APU
A13151B

Description

This exceptional 48.6-acre property presents a remarkable investment opportunity in Fort Worth, Texas. Located at 5501 Randol Mill Rd, 76112, in Tarrant County, this expansive land parcel sits at the intersection of Randol Mill Road and Woodhaven, offering unparalleled access and visibility. The property boasts a heavily wooded landscape and enjoys a picturesque setting backing up to Woodhaven Park and its newly renovated bike and walking trails. Its proximity to the Trinity River, enhanced by new bridges crossing a tributary, adds to its natural beauty and recreational appeal. The recent completion of Loop 820 provides convenient access to major transportation arteries, placing this site within a 5-minute drive. This location is strategically positioned to benefit from the significant revitalization efforts underway in Northeast Fort Worth, particularly the Woodhaven Conservation/Development project. Crescendo Development LLC's acquisition and planned improvements to the Woodhaven Country Club further underscore the area's upward trajectory, making this 48.6-acre tract an ideal canvas for developers seeking to contribute to the transformation of this burgeoning community. The property is zoned for both commercial and residential use, presenting a multitude of development possibilities. This is a rare chance to acquire a substantial land holding in a rapidly developing area with strong potential for significant returns.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $18,016,338
    Hospitality
    $16,502,869
    Educational
    $13,730,194
    Medical
    $14,202,396
    Retail
    $21,358,080

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.7708
Longitude
-97.2419
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$203
$8,956
-
$8,956
-
$8,956
-
$8,956

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