
19.8 Ag Exempt Acres | FM 487 Commercial Development Site Near Jarrell High School
Strategically positioned commercial development tract consisting of approximately 19.8 acres located on FM 487 in the path of rapid growth in Jarrell. The property offers outstanding potential for office, medical, commercial, technology-support, and mixed-use development. Recent annexation and C-1 commercial zoning approval. Low holding costs make this a great, potential opportunity for Buy & Hold or 1031 buyer.
The site benefits from exceptional regional accessibility, located just minutes from I-35 and along the future CR 305 Major Arterial corridor. As planned, CR 305 will ultimately provide a six-lane connection across I-35, creating substantial traffic counts and long-term commercial visibility.
Adjacent ownerships are also being marketed for sale, creating a rare assemblage opportunity approaching 600 acres for larger-scale development projects.
Highlights: • Approx. 19.8 Acres - Ag Exempt - Low Holding Costs • Frontage along FM 487 • Minutes from I-35 • Assemblage potential approaching 600 acres with neighboring properties • Future CR 305 Major Arterial corridor • Planned six-lane roadway connection across I-35 • Strong demographics and residential growth throughout Jarrell • 12" water line located approximately 1,800 feet east of the property • Adjacent wastewater lift station and planned 18" gravity main • Walmart recently announced for Jarrell, adding significant retail momentum •Partially in the ETJ
Buyer to confirm all info.
Additional Opportunity: The 118 acre companion tract located south of FM 487 is also available, and has a recently executed Utility Service Agreement with the City of Jarrell that secures the first 400 Living Unit Equivalents (LUEs) at a total cost of only $4,000 per LUE ($2,000 water / $2,000 wastewater), representing an estimated savings of approximately $4 million compared to current impact fee rates. See MLS #1967687
Property Type
Farm
Lot Size
19.00 acres
Listed by All City Real Estate Ltd. Co
Verified property facts
0 FM 487 is listed at $2,475,000 with 0 bedrooms, 19.00-acre lot. This places it above the ZIP 76537 single-family closed-sale median price of $286,290 (ZIP 76537 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 10, 2026).
0 FM 487 is zoned for Jarrell ISD with assigned schools: Jarrell (elementary), Jarrell (middle), Jarrell (high). School assignments should be verified directly with the district.
0 FM 487 is listed by All City Real Estate Ltd. Co. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 11, 2026.
The most recent annual property tax for 0 FM 487 is $92. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
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Property Details
Lot Features
2 records on file
Every recorded listing, sale, and lease at 0 FM 487, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Jarrell ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($495K)
Adjustable assumption - not a lending recommendation.
$2,475,000
Luxury property intelligence
A sourced read on J002D35H - JARRELL ISD RURAL BEFORE 1990 pricing, timing, and property scale. No automated valuation claim.
List price
$2,475,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
84 days
Original to current
$1.5M reduction
$4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 11, 2026.
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This page does not assume a mortgage rate or publish a monthly payment for 0 FM 487. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Sep 11, 2026, 0 FM 487 is offered at $2,475,000. The current MLS snapshot shows 309 active listings in 76537.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
Best Match
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Recent sales for market context