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    Tbd Fm20 Bastrop, TX 78602

    For Sale
    $6,975,000

    Prime 14-Acre Tract, 310+ Units Possible

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 14.187-acre multi-family development site presents a remarkable investment opportunity in the thriving Adelton master-planned community of Bastrop, Texas. Located just minutes from downtown Bastrop and approximately 30 minutes from Austin, this strategically positioned parcel offers unparalleled access to a vibrant and growing area. The property boasts frontage along three roads, maximizing visibility and accessibility. Preliminary site plans indicate the potential for over 310 residential units, exceeding the initial 171-unit concept. Adelton is a well-planned community featuring over 50 acres of parkland, an extensive trail system, and 125,000 square feet of planned commercial space, creating a desirable living environment for future residents. The property is priced at $6,975,000, translating to an attractive $22,500 per unit based on a minimum of 310 units. The 2024 Adelton tax rate is $2.55018 per hundred dollars of assessed valuation. This is a rare chance to acquire a large-scale development site in a high-demand location with significant upside potential. The existing site work provides a solid foundation for a swift and efficient development process. Don't miss this opportunity to capitalize on the burgeoning Bastrop real estate market.

    Property Features for Tbd Fm20

    General Information

    Property type
    Residential income properties
    Lot Size
    618,116 SF

    Building Details

    Year Built
    1701
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Bastrop
    County
    Bastrop
    State
    Texas
    Longitude
    -97.37301
    Latitude
    30.10989

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    FAQs

    What type of property is this?
    Residential income property - Prime 14-Acre Tract, 310+ Units Possible
    Where is this residential income property located?
    The property is located at Tbd Fm20 Bastrop, TX.
    What is the asking price?
    The asking price for this property is $6,975,000.
    (512) 472-2100
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    Tbd Fm20 Bastrop, TX 78602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Tbd Fm20 Bastrop, TX 78602
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