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    Tbd Wortham Bnd Rd Waco, TX 76708

    For Sale
    $4,616,040

    Prime Waco land, high-growth area, residential zoning.

    Property size:
    6,093,172 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 139.88-acre (6,093,172 square feet) development opportunity in Waco, Texas, presents a compelling investment prospect. Zoned R1B (Single-Family Residence District) and located within the Waco ETJ, this expansive parcel offers unparalleled potential for residential development. Its strategic location across from China Spring Elementary School and adjacent to established neighborhoods ensures high visibility and accessibility, making it an ideal site for a thriving residential community. The property benefits from maximum exposure and excellent visibility, capitalizing on the area's rapid economic growth and burgeoning demand for housing. The surrounding area's established infrastructure and amenities further enhance the desirability and potential for long-term appreciation and return on investment. This is a rare chance to create a significant residential development in a highly sought-after location within a dynamic and prosperous community. The property's size and zoning provide flexibility for a variety of residential development plans, catering to the increasing need for housing in this thriving Texas city. This is a truly unique opportunity for developers seeking to capitalize on Waco's robust growth trajectory. The asking price is $4,616,040.

    Property Features for Tbd Wortham Bnd Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,093,172 SF
    Lot Size
    6,093,173 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.24423
    Latitude
    31.63081

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Waco land, high-growth area, residential zoning.
    Where is this commercial real estate located?
    The property is located at Tbd Wortham Bnd Rd Waco, TX.
    What is the asking price?
    The asking price for this property is $4,616,040.
    (254) 751-7900
    Request Owner's contact information
    Tbd Wortham Bnd Rd Waco, TX 76708
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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 Wortham Bnd Rd Waco, TX 76708
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