#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
19.8 Acres | FM 487 Commercial Development Site Adjacent to Major Data Center
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 is immediately adjacent to a major data center development and offers outstanding potential for office, medical, commercial, technology-support, and mixed-use development.
The site benefits from exceptional regional accessibility, located just minutes from Interstate 35 and along the future CR 305 Major Arterial corridor. As planned, CR 305 will ultimately provide a six-lane connection across Interstate 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 available for development - Ag Exempt • Adjacent to major data center development • Frontage along FM 487 • Minutes from Interstate 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 information.
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 $3,999,990 with 0 bedrooms, 19.00-acre lot. This places it above the 76537 median of $286,290.
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 presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
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.
With 20% down ($799,998) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 0 FM 487 is around $20,763 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
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Property Details
Lot Features
Fencing
Waterfront
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% ($800K)
$3,999,990
Luxury property intelligence
A sourced read on J002D35H - JARRELL ISD RURAL BEFORE 1990 pricing, timing, and property scale. No automated valuation claim.
List price
$3,999,990
Price per sqft
Not available
Vs. J002D35H - JARRELL ISD RURAL BEFORE 1990 median
Not available
Days on market
2 days
Original to current
No verified reduction
$4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 21, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $3,999,990, 0 FM 487 is in the J002D35H - JARRELL ISD RURAL BEFORE 1990 market where there are currently 261 active listings in 76537.
0 FM 487 includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
0 FM 487 sits on a 19.00-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
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
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in J002D35H - JARRELL ISD RURAL BEFORE 1990
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Recent sales for market context
