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EXECUTIVE SUMMARY
Coldwell Banker Commercial Southwest Partners and Solano Properties of McLennan County are proud to represent the 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...
(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, 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 to contact any member of the listing team to set up an appointment, request additional information or answer any questions.
3% BUYER BROKER COMMISSION
A buyer broker MUST be disclosed with the buyer’s first communication with CBC for the buyer broker to be eligible for the 3% buyer broker commission.
A buyer broker does NOT have to accompany their buyer to any showings of The Urban Road Ranch.
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).
(6) Highway access.
4 mi. to TMW Parkway, 7 mi. to Interstate 35 southbound and 8 mi. to Interstate 35 northbound.
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.
“7 Largest Texas Counties” including Harris, Dallas, Tarrant, Bexar, Travis, Collin and El Paso account for over 52% of Texas’ population.
A summary of the Quality of Life database is available on most professional websites and upon request.
MICRO MARKET DEMOGRAPHICS & ECONOMETRICS
(1) Low Unemployment.
At a 1-mile radius, the 2008 unemployment rate is 2.4% and 5.5% at a 5-mile radius. This compares to 9.2% in the US, 12% in Texas, 12.4% in McLennan County and 19.3% in Waco.
(2) 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.
(3) 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.
(4) 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.
(5) 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.
(6) 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.
(7) 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.
(8) 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.
(9) 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.
(10) 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.
COUNTY DEMOGRAPHICS & ECONOMETRICS
(1) Local economy.
The McLennan County economy is estimated at $5.3B+ in 2009
(2) Economic growth.
The County economy is projected to grow at 4.6% per year to increase by $1B in 4 years.
(3) Population.
2009 estimated population for McLennan County is 230,676.
(4) Population growth.
2009 to 2013, McLennan County’s population is projected to grow by about 1.1% per year about 10% faster than projected US growth.
(5) High % of high household incomes (at least $100K annual incomes).
8.7% of all households have at least $100K annual incomes. This ranks McLennan County # 1 compared to Adjacent Counties. By 2013, this will increase by almost 100% to 16.3%.
(6) High % of higher household incomes (at least $150K annual incomes).
3.1% of all households have at least $150K annual incomes. This ranks McLennan County # 1 compared to Adjacent Counties. By 2013, this will increase by over 50% to 4.8%.
(7) High % of very high household incomes (at least $250K annual incomes).
1.0% of all households have at least $250K annual incomes. This ranks McLennan County # 1 compared to Adjacent Counties. By 2013, this will increase by over 50% to 1.6%.
****Adjacent Counties include Bell, Bosque, Coryell, Falls, Hill, Limestone and McLennan.
CITY OF WEST BACKGROUND AND HISTORY
West is in north McLennan County, Texas, United States. The 2009 population is estimated at 2,657. It is part of the Waco Metropolitan Statistical Area. It is located 17 miles north of Waco, 77 miles southwest of Fort Worth and 84 miles southwest of Dallas. The city straddles Interstate 35.
Rich lands, moderate temperatures, vista views, rolling terrain, stunning home settings, excellent local economy, low relative land prices, proximity to Waco and proximity to the DFW area make the area very attractive.
In 1881, the Katy Railroad line was finished between Hillsboro and Waco also used by the Texas Electric Traction Railway, an Interurban line that once connected Waco with Dallas.
The railroad cut through land owned by Thomas West, the namesake of West. He was a farmer and first postmaster of West running the post office from his general store. He became a successful businessman later owning a hotel, a furniture store and a bank.
The railroad brought prosperity to the area during the 1880s. Businesses opened and Czech and German immigrants migrated to the area purchasing the rich lands to farm and start a fresh life in the new world. They also opened businesses sharing their European culture. By the 1890s the Czech businesses flourished in West.
Many of the descendants of the original settlers continue to farm the lands and run the businesses still today. You can still hear Czech spoken by some of the older folks around town. Over the years West has become established as the center for Texas-Czech culture despite the fact that it is on the northern extreme of Czech settlement which stretches from west of Austin to Colorado County to the east and as far south as DeWitt County.
GRAPHIC ANALYSIS
All analysis is based on defined and published sources.
There are 1,008 underlying Nielson Claritas reports.
There are 48 PDF files with graphics, analysis and data available from our site, most professional sites and on request:
(1) Narrative detail
(2) Pictures
(3) Highlights
(4) Topographics
(5) Satellites
(6) Plat and 2 sample site plans
(7) Maps, driving distances & driving times
(8) Weather
(9) Quality of life comparisons
(10) Quality of life database table
(11) Density studies
(12) Micro Market**** demographic & econometric (D&E) summary
(13) Micro Market population and employment
(14) Micro Market highest education attained
(15) Micro Market population by age
(16) Micro Market residence fundamentals
(17) Micro Market residence types within geographies
(18) Micro Market residence types by geographies
(19) Micro Market residence values within geographies
(20) Micro Market residence values by geographies
(21) Micro Market marital status
(22) Micro Market employment by collar color (blue, green & white)
(23) Micro market household income by geographies
(24) Micro market household income within geographies
(25) Micro Market workplace & employment (WP&E) summary
(26) Micro Market WP&E market fundamentals
(27) Micro Market WP&E employment by market segment
(28) Micro Market WP&E employment by geographic area
(29) Macro Market****** D&E summary table
(30) Macro Market population and employment
(31) Macro Market highest education attained
(32) Macro Market population by age
(33) Macro Market residence fundamentals
(34) Macro Market residence types within geographies
(35) Macro Market residence types by geographies
(36) Macro Market residence values within geographies
(37) Macro Market residence values by geographies
(38) Macro Market marital status
(39) Macro market employment by collar color
(40) Macro market household income by geographies
(41) Macro market household income within geographies
(42) Macro Market WP&E summary table
(43) Macro Market WP&E market fundamentals
(44) Macro Market WP&E employment by market segment
(45) Macro Market WP&E employment by geographic area
(46) Downloadable PDF sets, available Neilson Claritas reports and web links
(47) Single page flyer with HTML links
(48) Multi page flyer with HTML links
**** “Micro market” includes: 1-mile, 3-mile & 5-mile radiuses, City of West, 76691 zip code, City of Waco & McLennan County.
****** “Macro market” includes: Bell, Bosque, Coryell, Falls, Hill, Limestone and McLennan. Relevant benchmarks to Texas and the US are provided.
Relevant benchmarks to Texas and the US are provided.
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.
DIRECTIONS
From northbound I 35 exit at West Tours Road exit # 347, it is 7.0 mi. and 11 min.
(1) Exit left onto the ramp to West Tours Road travel 0.2 mi.
(2) Turn left at West Tours Road travel 4.3 mi.
(3) Turn left at FM 1858 Road/Tokio Road. Continue as it becomes Tokio Loop and then becomes Urban Road for 2.5 mi.
(4) The property is immediately ahead with a CBC Southwest sign.
From southbound I 35 exit at FM 2114 West Road exit # 353, it is 7.7 mi. and about 15 min.
(1) Exit turning right at exit # 353 toward FM 2114 West Road continuing on Bugtussle Lane for 1.5 mi.
(2) Turn right West Tokio Road. Continue as it becomes Tokio Loop and then becomes Urban Road for 6.2 mi.
(3) The property is immediately ahead with a CBC Southwest sign.
From TMW Parkway/FM 2114 West Road and Old Railroad Road, it is 4.3 mi. and 11 minutes.
(1) Head southeast on Old Railroad Road toward Chudej Spur travel 1.7 mi.
(2) Turn right at Chudej Spur travel 0.2 mi.
(3) Turn left at Chudej Lane for 0.5 mi.
(4) Turn right at Tokio Loop and Continue on Urban Road tor 1.9 mi.
(5) The property is immediately ahead with a CBC Southwest sign.
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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