Northlake ETJ & Justin ETJ, Texas | Denton County...Northlake ETJ & Justin ETJ, Texas | Denton...

SEQ FM 156 & HARMONSON ROAD LAND FOR SALEN o r t h l a k e E T J & J u s t i n E T J , Te x a s | D e n t o n C o u n t y

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2018

Edward [email protected] x 102

David Davidson, [email protected]

214.526.3626 x 101

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with

respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2018


DEMOGRAPHICS:

PROPERTY OVERVIEWSIZE: ± 19 Acres - Justin ETJ

± 129 Acres - Northlake ETJ± 148 ACRES TOTAL

UTILITIES: Sewer not available

ZONING: Northlake ETJ - Mixed-useJustin ETJ - FLUP - Commercial

TRAFFIC COUNTS: F.M. 156 8,586 VPD

2018 Population 1 Mile:2018 Population 2 Mile:2018 Population 3 Mile:% Proj Growth 2018-2022 1 Mile:% Proj Growth 2018-2022 2 Mile:% Proj Growth 2018-2022 3 Mile:Total Daytime Population 1 Mile:Total Daytime Population 2 Mile:Total Daytime Population 3 Mile:Total Daytime Employees 1 Mile:Total Daytime Employees 2 Mile:Total Daytime Employees 3 Mile:2018 Median HH Income 1 Mile:2018 Median HH Income 2 Mile:2018 Median HH Income 3 Mile:2018 Average HH Income 1 Mile:2018 Average HH Income 2 Mile:2018 Average HH Income 3 Mile:Median Home Value 1 Mile:Median Home Value 2 Mile:Median Home Value 3 Mile:

8104,524

12,8123.352.742.64612

4,24610,816

2332,0174,312

$76,514$82,230$82,732$97,624$95,964$93,505

$141,447$176,997$140,198

F.M. 156 currently under construction to a four lane divided arterial.Estimated completion: End of 2019.

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City Of JustinA Proud and Progressive Hometown Community

Future Land Use PlanUpdated Tuesday, June 6, 2017

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Justin City Limits

Justin ETJ

Legend

Extra-Territorial Jurisdiction (ETJ)

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ETJ

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P4U (primary arterial 4 lanes undivided)

M4D (minor arterial 4 lanes divided)

M4U (minor arterial 4 lanes undivided)

CC (commercial collector)

RC (residential collector)

Future Land Use LegendJustin Old Town Area

Large Lot Single Family Residential

Single Family Residential

Medium Density Residential

High Density Residential

Commercial

Industrial

Public / Semi-Public

Parks / Existing Floodplain

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FUTURE FM 1171

DENTON COUNTY, TEXAS OFFICIAL ZONING MAP

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LegendCRO - Conservation Residential Overlay

SUP - Special Use Permit

C - Commercial

C-PD - Commerical Planned Development

I - Industrial

I-PD - Industrial\Planned Development

M-PD - Mixed-Use\Planned Development

MH - HUD Code Manufactured Housing

RR - Rural Residential (Min. 5 ac)

RE - Rural Estate (Min. 1ac)

RE-PD - Rural Estate\Planned Development (Min. 1 ac)

Limited Purposes Annexation Area

Date: 11/2/2017 Current through Ordinance 17-1030A adopted October 30, 2017

Limited Purposes Annexation Area

Northlake Comprehensive Plan - Pathway to 2040 Adopted December 8, 2016

Vision: Northlake is a town that honors its rural legacy while attracting a multi-generational, family oriented and highly engaged population through policies that promote responsible growth, self-reliance, and a diversified tax base.

N RTHLAKET E X A S

CITY LIMIT

TRAIL CORRIDORS

ETJ

FLOOD PLAIN

TOWN CENTER

HWY CORRIDORS

ARTERIAL CORRIDORS

RANCH PRESERVATION

NEIGHBORHOOD RESIDENTIAL

BUSINESS PARK

WORKFORCE RESIDENTIAL

TRANSITIONAL MARKET DEPENDENT

TRANSITIONAL MIXED USE

MIXED USE

CHARACTER AREAS

Ranch Preservation (RP) – This area is largely un-developed with ranches, farms, and estates, but may devel-op low density residential. This area would seek to preserve ranches, farms, and large estates, typically greater than twenty acres, but also allow, under certain conditions, some areas to have an average density of one dwelling unit per five acres. Agricultural activity may be present. Neighborhood type services could exist near major arterial intersections, but not collector streets. The homes in this area should be located off some collectors and mostly local streets. Open ditches may be appropriate in most instances. The west side of this area may also be appropriate for farming research and development activities related to testing of crops, commercial greenhouses, etc. Inappropriate uses would be research and development that would create a nuisance or hazard such as meat packing, fertilizer research, tractor sales/repairs, or manufacturing, etc. It is the intention to preserve and enhance rural character.

Density: Areas to preserve ranches and large estates should have an average density of 10 to 20 acres per unit; select areas for Single Family should average a minimum 1 unit per 5 acres, more possible with master planning through a Planned Development process if it can be shown to still gen-erally achieve the character of the area. Use: Single Family 40-45%; 50-55% Residential Estates/Ranches; and 0-5% Non-residential.

Neighborhood Residential (NR) – This area is usual-ly in a suburban form though may retain undeveloped areas, such as the perimeter of a subdivision along collectors and arterials. Most roads will be curb and gutter, though local roads could have open ditches. Trails are present and connect to a larger trail network. Neighborhood services are close by and located on arterials and collectors and in some cases, may even be within walking distance. These areas provide op-portunities to commune with neighbors and to be physically active due to available and/or accessible parks, trails, and amenities. A mix of single family housing products would be available. A rural or rustic aesthetic of architecture on smaller lots and the perimeter of the subdivision are necessary to re-tain as much of the rural character as possible in a suburban form development.

Density: Variety of Single Family lot sizes with an average density of up to 3 units per acre.

Use: Open space 15-20%; 70-80% Residential; and 5-10% Non-residential. The exact mix of uses, densities, locations, and siting will be determined by Northlake through zoning and master planning.

SPECIAL AREASThese areas are transitional as well as connectors. Uses, site layout, and architectural design should provide for aesthetic coherency and transitions between character areas.

Town Center – The proposed area is currently less developed, more centrally located, and less likely to cannibal-ize the most valuable land for development in the near future. Also, the presence of a municipal complex/town center would also draw commercial growth away from the rural residen-tial, thus preserving its character, and the Town would set the standard for what that growth should look like. There is not a recommended site, just a general area. However the general area recommended for the town center touches or is in close proximity to most character areas and serves as focal point for the Town.

Flood Plain – The flood plain exclusive of the flood way, can be an appropriate area in which to provide trails, parks, and open-space. Flood plains can also serve as natural buffers between adjacent uses or character areas. Flood plains can also provide a means of connecting people through trails and linear parks as well as creating active and interesting spac-es.

Trail Corridors – This area is intended to provide the Town an amenity that will attract quality development and help to preserve the rural character while connecting the Town by a network of trails and open space. The trails are envisioned for hike and bike use, and separate equestrian use in some ar-eas.

Highway Corridors - The Highway Corridor is an area that reflects how the public would view and experience the highway while driving by. Generally, these corridors can accommodate heavier commercial and light industrial uses. Depending on the context of nearby uses, high density residen-tial such as apartments, condos, or mixed-use developments would be appropriate as well. Context of transitioning from the corridor to the adjacent character area should be considered in the development process. Due to noise and health impacts of highways, residential development, day care, and elder care are generally not appropriate within 500’ of the ROW in these cor-ridors. Adequate building setbacks must be considered when development is proposed near neighborhoods.

Arterial Corridors – These areas may be used as transitional buffers between and within character areas. These corridors serve to connect residential with retail and commer-cial development. These corridors when adjacent to transition-al and commercial areas would not be appropriate for industri-al uses, but commercial, retail, and mixed-use with residential would all be appropriate. Due to noise and health impacts of highways, residential development, day care, and elder care are generally not appropriate within 500’ of the ROW in these corridors.

Workforce Residential (WR) – This area caters to a range of workers from contractors to executives. Hotels, apartments, condos, mixed-use developments both horizon-tal and vertical are all appropriate in this area. Horizontal mixed-uses would have residential dwellings within 800 feet. One would also expect to see neighborhood services, retail, commercial, and professional services offices in the area.

Density: Multi-family up to 22 units per acre, more possible in context with vertical residential mixed use with master planning through a Planned Development process if it can be shown to still generally achieve the character of the area.

Use: Open space 0-5%; Multi-family 20-30%; and 70-75% Non-residential, including hotel use, and/or Vertical Mixed Use. The exact mix of uses, densities, locations, and siting will be determined by Northlake through zoning and master planning.

Transitional Mixed Use (TMU) – This area would serve as a transition from undeveloped/rural to the nearby areas that are retail, office, or residential. Agricultural relat-ed Research & Development may be appropriate in less de-veloped areas, and agricultural services such as repair and sales of farm equipment may also be appropriate along the arterial corridor along FM 156 (the uses should not be haz-ardous such as fertilizer production or storage, and nuisance potential should be like that of regular agricultural activity). Adequate setbacks should be provided for commercial, retail, or office uses when adjacent to residential areas to minimize impact on character of rural residential areas. Non-residen-tial uses should generally be located along arterials and major intersections. Vertical mixed-uses and horizontal mixed-us-es with residential housing similar to the NR character area could be appropriate depending on context and location. A possible town center has been generally identified in this area (exact location has not been determined), such a develop-ment should provide opportunity for access to public ameni-ties. The area would be ideal for future medical offices and a hospital when the demographics necessitate the need.

Density: Variety of Single Family lot sizes and Horizontal Residential Mixed Use with an average density of up to 4 units per acre; Multi-family and Vertical Residential Mixed Use up to 22 units per acre, more possible with master plan-ning through a Planned Development process if it can be shown to still generally achieve the character of the area.

Use: Open space 15-20%; 30-50% Residential with up to 20% of the Residential area to be Multi-family and Vertical Residential Mixed Use; and 50-65% Non-residential. The exact mix of uses, densities, locations, and siting will be determined by Northlake through zoning and master plan-ning.

Business Park (BP) – This area is generally an employ-ment center. May include hotels, distribution centers, corpo-rate office campuses, educational facilities, technology centers, and research facilities. Complementary uses and activities are often present, such as retail and restaurants. Limited manu-facturing and warehouse uses may be allowed to support the employment centers. Industrial uses that are very hazardous or pose nuisances that can’t be mitigated should not be allowed. Emphasizing the available airport even though not in the Town, would encourage distribution centers, business parks, or corporate campuses. Low-rise and mid-rise to the extent the buildings or structures would interfere with air traffic (conical zone). Adequate building setbacks must be consid-ered when development is proposed near neighborhoods.

Density: There is no residential envisioned for this area. A general guide for non-residential uses is a Floor Area Ratio of .50, more may be possible with master planning through a Planned Development process if it can be shown to still gen-erally achieve the character of the area.

Use: Open space 10-15%; 0% Residential; and 85-90% Non-residential.

Transitional Market Dependent (TMD) – This area would serve as a transition from adjacent areas. This area would be largely influenced by market forces, largely driven by expected traffic volumes on FM 156 in the future. Devel-opment in this area when residential should resemble the RP, when commercial should resemble TMU. Potential for nuisances should be mitigated. Adequate setbacks should be provided for commercial, retail, or office uses when adjacent to residential areas to minimize impact on character of resi-dential areas. Mixed-uses could be appropriate depending on context and location.

Mixed Use (MU) – This area is a destination center/area. There may be mixed-use developments with limited residential, shopping centers, entertainment districts, public amenities and services, or professional office buildings. Low to mid-rise buildings would be appropriate. Uses should be serviced by parking structures when possible to reduce sur-face parking and encourage efficient use of land. This area is easily accessible to all. The flood plain acts as a natural bar-rier from the TMU area. The area closest to the Texas Motor Speedway would be an ideal area for a future entertainment complex to take advantage of the Speedway and to use the flood plain as a buffer to other uses. Any residential in a mixed-use development should be located away from and de-signed to mitigate noise from the Texas Motor Speedway and the Bell Helicopter Facility. Residential development should be discouraged within one mile of TMS as recommended by the Texas Motor Speedway Area Master Plan.

Density: Variety of Single Family lot sizes and Horizontal Residential Mixed Use with an average density of up to 6 units per acre; Multi-family and Vertical Residential Mixed Use up to 22 units per acre, more possible with master plan-ning through a Planned Development process if it can be shown to still generally achieve the character of the area.

Use: Open space 15-20%; 20-30% Residential with up to 20% of the Residential area to be Multi-family and Vertical Residential Mixed Use; and 50-65% Non-residential. The exact mix of uses, densities, locations, and siting will be determined by Northlake through zoning and master plan-ning.

Northlake’s comp plan process included developing four scenarios. The following are six themes that were found to be common in two or more scenarios for Northlake in 2040:

• Northlake retains kids and grandkids - Northlake is a vibrant community for all generations.

• Preserving ranches and open space – Northlake respects its legacy and is agile enough for continued growth.

• Family oriented - Northlake balances its growth with a commitment to vibrant public parks, trails, and other dynamic public amenities.

• Responsible growth - Northlake values high quality development for residents and businesses which results in high, sustained property values and increased tax revenues.

• Community engagement - Northlake has actively engaged residents who work together for the common good.

• Self-reliance/Self-determination - Northlake is self-directed in its planning and carves its own path forward.

These common themes point us in the direction of Northlake’s future. They tell us that whatever the future brings, these are the themes that citizens care most about, and need to be prepared for.

P A T H W AY to

2 40

A comprehensive plan shall not constitute zoning regu-lations or establish zoning district boundaries.

Approved by the Texas Real Estate Commission for Voluntary Use. Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES: Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a con-tract or lease, or obtaining financing without repre-senting you. A broker is obligated by law to treat you

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant

01A TREC No. OP-K

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not rep-resent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:(1)shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; buyer: and(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and

IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU:You should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Date

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Davidson Bogel Real Estate, LLC 9004427 [email protected] 214-526-3626

Michael Edward Bogel II 598526 [email protected] 214-526-3626

David Davidson JR. 593731 [email protected] 214-526-3626

N/A N/A N/A N/A

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