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Urban Road Ranch in McLennan County, Texas priced at $1,400,000 for 278.40 acres (“The Urban Road Ranch”).
HIGHLIGHTS
(1) The Urban Road Ranch offers a stunning and unmatched blend of privacy, diverse eco system, equestrian friendly, easy access, water features, rolling terrain and investment value that provide the best ranch offering in McLennan County!
(2) The Urban Road Ranch spans 278.4 acres, is ag exempt and has paved frontage on three roads (a significant benefit to future exit strategy valuation and alternatives).
(3) The breathtaking elevations provide vista views with 100’+ elevation changes. Two 450’ ridge lines traverse the property from southwest to northeast complemented by the Aquilla Creek meandering through the middle of the property.
(4) Outstanding hunting including duck, dove, turkey and deer plus fresh water fishing in the tanks and in the all weather creeks.
(5) Excellent regional access: 20 mi. to Waco, 56 mi. to Temple, 77 mi. to Fort Worth and 84 mi. to Dallas.
(6) Two sample site plans including one with 3 large ranches and a second with 22 ranch estates.
(7) West area offers an enviable quality of life with a low cost living, low crime rate, low density and moderate weather.
(8) The immediate 5-mile area benefits from a high performing local economy and income levels significantly higher than Waco and McLennan County.
(9) The immediate 5-mile area has very strong demographics including high percentages of white collar jobs, bachelor’s degrees, master’s degrees, doctorate degrees, single family detached homes, adults married and living together, pre-teen and teenagers (ages 10 to 17) and prime income age residents (35 to 54 years old).
(10) McLennan County key econometric indicators outperform all adjacent Counties.
CONTACT INFORMATION
Call 979.421.9996 Ask for Jorge Verar to set up an appointment, request additional information or answer any questions. Email PROPERTY
The Urban Road Ranch offers a stunning blend of privacy, diverse eco system, equestrian friendly, easy access, water features, rolling terrain and investment value!
(1) Acreage. 278.4 acres with paved frontage on Urban Road, Patton Branch Road and Dry Branch Road.
(2) Topography. The Urban Road Ranch elevations range from 434’ to 538’. Two 450’ ridge lines traverse the property from southwest to northeast. The property offers a range of topography seldom found in the Dallas-Fort Worth-Waco corridor.
(3) Water features. The Urban Road Ranch benefits from extensive creek frontage. Aquilla Creek meanders through the middle of the property joined by other weather tributaries. This extensive creek system provides breathtaking and ever changing water features for your enjoyment.
(4) Fencing. The entire property is fenced, cross fenced and gated. It is currently configured for cattle and can easily accommodate equestrian activities and other livestock or exotic game.
(5) Hunting. Duck, dove, deer and turkey are abundant on the property.
(6) Fishing. Most area fresh water fish are available on the property in the stocked ponds and in the all weather creeks.
(7) Pond sites. If you want to add to the Urban Road Ranch array of water features, we identified many excellent pond locations. Professional assistance with pond design and placement is available for free from the US Department of Agriculture.
(8) TREES! The Urban Road Ranch has hardwoods and pines throughout.
(9) Ag exempt. Yes.
(10) Ecosystem. Sandy soil provides a great foundation for horses, kids and fauna alike. Hardwoods and pines are scattered and in dense groves. The Urban Road Ranch features rolling terrain in a diverse, natural ecosystem. The Urban Road Ranch is approximately 50% wooded and 50% open.
LOCATION
(1) Parkway access. 4.3 mi. from TMW Parkway /FM 2114 Road at Old Railroad Road.
(2) Interstate 35 access. 7.0 mi. from Interstate 35 northbound exit # 347 at West Tours Road. 7.7 mi. from Interstate 35 southbound exit # 353 toward FM 2114 Road West.
(3) Waco-Temple area access. 20 mi. to Waco, 23 mi. to Hillsboro, 31 mi. to Lake Whitney, 53 mi. to Mexia, 56 mi. to Temple, 60 mi. to Gatesville, 62 mi. to Belton and 79 mi. to Killeen.
(4) Dallas-Fort Worth area access. 77 mi. to Fort Worth, 84 mi. to Dallas, 87 mi. to Arlington, 92. mi. to Mesquite, 94 mi. to Irving, 100 mi. to Weatherford and 109 mi. to Plano.
(5) Airport access. 25 mi. to Waco Regional (ACT) with service to DFW via American Airlines commuters, 88 mi. Dallas Love Field (DAL) and 100 mi. to DFW Intercontinental (DFW).
SAMPLE SITE PLANS
To demonstrate the flexible uses and alternative exit strategies afforded by the Urban Road Ranch, we developed two sample site plans.
(1) Three large ranches. Ranches range from 73 acres to 116 acres.
(2) Twenty-two ranch estates. Plan includes 22 distinctive properties. The estates range from 11 acres to 29 acres. All estates offer privacy, water features, rolling topography, and excellent views.
(3) Site plan goals. Maximize water features, privacy and views; minimize infrastructure requirements; and maximize return on equity.
QUALITY OF LIFE CONSIDERATIONS
The greater West area offers an enviable quality of life with a low cost living, low crime rate, low density and moderate weather.
(1) Low cost of living. The West area 2008 estimated cost of living is 23% below the US average. It ranks #19 in the “44 Benchmark Cities Group”*. It is lower than all benchmarks in the analysis.
(2) Low crime rate. The West area crime rate is 16% of Waco. With a numerical score of 95, it ranks #41 of the 44 Benchmark Cities Group. It is only 38% of the Average of the 44 Benchmark Cities Group.
(3) Temperate weather. Throughout the year, average temperatures range from about 35 to 98 degrees. In January, low temperatures are in the mid 30s/low 40s with highs in the low 50s and an average temperature in the upper 40s. Summer peaks in July and August with lows in the low 70s, highs in the high 90s and average temperatures of about 85. There is sunshine about 75% of the year. Rain averages about 3 inches per month.
(4) Low density. At a 5-mile radius, the density is 45 persons per square mile. This is less than 50% of the density of Texas (91 persons per square mile) and less than 20% as dense as McLennan County (218 persons per square mile).
(5) Urban, suburban level & university level services and conveniences. The Waco area is home to Baylor University, the Richland Mall, the Central Texas Market Place, the Shops of River Square Center and other shopping and entertainment centers.
“Benchmarks” include:
“10 Comparative Cities Group” includes Copperas Cove, Hillsboro, Killeen, Lampasas, Marlin, Salado, Temple, Waxahachie, Waco and West.
“44 Benchmark Cities Group” a sample of cities of similar or larger sizes in the Austin-Waco-Houston Corridor.
“5 Largest Texas Cities” including Houston, Dallas, San Antonio, Austin and El Paso.
“10 Largest Texas Counties” including Harris, Dallas, Tarrant, Bexar, Travis, Collin, El Paso, Hidalgo, Denton and Fort Bend that account for over 58% of Texas’ population.
A summary of the Quality of Life database is available on most professional websites and upon request.
MICRO MARKET ECONOMETRICS
(1) High average household income. At a 1-mile radius, the 2009 average household income is $63,299. This is 46% higher than Waco and 18% higher than McLennan County.
(2) Strong economic growth. At a 5-mile radius, the economy is projected to grow at 5.0% per year (5.1% at a 1-mile radius). This growth rate is 36% higher than Waco and 10% higher than McLennan County.
(3) High percent of high income households (at least $100K annual income). At a 5-mile radius, 12.4% of households have at least $100K annual incomes (15.5% at a 1-mile radius and 15.8% at a 3- mile radius). At a 5-mile radius, by 2013, almost 1 of 6 (15.5%) of households in a 5-mile radius will have at least $100K annual incomes.
(4) High percent of very high income households (at least $250K annual income). At a 5-mile radius, 2.0% of households have at least $250K annual incomes (2.5% at a 1-mile radius). This is 169% higher than Waco and 110% higher than McLennan County. At a 1-mile radius, by 2013, 1 of 20 (5%) of households will have at least $250K annual incomes.
MICRO MARKET DEMOGRAPHICS
(1) Almost 2/3 of all employed residents are in white collar jobs. At a 5-mile radius, 64.2% are in white collar jobs compared to 59.7% in the US, 60% in Texas, 57.2% in McLennan County and 55.6% in Waco.
(2) Almost 1 in 5 has a bachelor’s degree. At a 5-mile radius, 19.7% of all residents over the age of 25 have at least a bachelor’s degree compared to 15.6% in the US and Texas, 11.9% in McLennan County and 11.3% in Waco.
(3) Almost 1 in 10 has a master’s degree. At a 5-mile radius, 19.7% of all residents over the age of 25 have at least a bachelor’s degree compared to 5.9% in the US, 5.2% in Texas, 4.8% in McLennan County and 4.8% in Waco.
(4) 1 in 20 has a doctorate degree. At a 5-mile radius, 5.9% of all residents over the age of 25 have a doctorate degree compared to 1% in the US, 0.8% in Texas, 1% in McLennan County and 1% in Waco.
(5) Almost 70% of homes are detached single family. At a 5-mile radius, 69.2% of homes are single family detached (75% at a 1-mile radius) compared to 60.3% in the US, 63.4% in Texas, 67% in McLennan County and 59.4% in Waco.
(6) Almost 2/3 of adults are married and living together. At a 5-mile radius, 66.2% are married and living together (70.2% at a 1-mile radius compared to 51.1% in the US, 52.3% in Texas, 49.2% in McLennan County and 38.4% in Waco.
(7) High percentage of pre-teen and teen residents (10 to 17 years old). At a 5-mile radius, 15.1% of the population are between the ages of 10 to 17 (15.6% at a 1-mile radius) compared to 11.6% in the US, 12.5% in Texas, 12.2% in McLennan County and 10.7% in Waco.
(8) High percentage of prime income age residents (35 to 54 years old). At a 5-mile radius, 32% of the population are between the ages of 35 to 54 (34.9% at a 1-mile radius) compared to 29.4% in the US, 28.4% in Texas, 25.8% in McLennan County and 21.7% in Waco.
TAXES
2008 reported taxes on the three tracts are $484.16. We increased 2008 by 100% to estimate 2009 property taxes on The Urban Road Ranch at $968.32. All three tracts are currently “ag exempt”.
Consult your tax advisor regarding your expected taxes.
DISCLOSURES & COPYRIGHTS
Coldwell Banker Commercial Southwest Partners is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.
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