A 9-lot approved subdivision in Arlington, TX is available for sale, with a 10th parcel designated as a required detention pond per the City of Arlington's approved infrastructure plans. All lots are already platted individually, utilities are stubbed at each site, and the parcels sit inside an established neighborhood close to Lake Arlington, a location with strong comps and limited new-build competition.
๐๐ถ๐๐๐ถ๐ป๐ด ๐ฆ๐๐ฎ๐๐๐: Off Market
Land comps in a 1.4โ1.7 mile radius put per-acre pricing between roughly $382K and $427K/acre, implying a value range of $664,700โ$742,200 for this parcel (avg. ~$694,100) already above the $650K ask before any development upside.
The bigger story is the build-out spread: using new-construction comps and a standard 20% land-to-value ratio, the implied land value jumps to $1,184,337 (about $131,593 per lot). With only one comparable new build currently active nearby (the rest of the area's inventory being older homes), ARV on new single-family builds here is projected around $730Kโ$750K+ per home, well above the $700K baseline.
๐๐ฎ๐ป๐ฑ ๐๐ผ๐บ๐ฝ๐:
Indicated Land Value: $664,700โ$742,200 | Avg: $694,100
