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    Tbd Wortham Bnd Rd Waco, TX 76708

    For Sale
    $4,616,040

    Prime Waco land, high-growth area, development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 139.88-acre tract presents a rare development opportunity in the thriving Waco, Texas market. Located on TBD Wortham Bend Road, Unit TBD, this expansive property offers unparalleled potential for residential development. Zoned R1B (Single-Family Residence District) and Waco ETJ, the land is ideally suited for a large-scale residential project. Its strategic location directly across from China Spring Elementary School and adjacent to established neighborhoods ensures high visibility and accessibility, making it highly attractive to families. The property boasts excellent exposure and presents a unique chance to create a thriving community within a rapidly growing area. The substantial size (6,093,172.8 square feet) allows for significant flexibility in design and development. Investors and developers will appreciate the strong potential for long-term appreciation and return on investment, driven by the area's robust economic growth and burgeoning demand for housing. The established infrastructure and amenities of the surrounding neighborhoods further enhance the desirability and potential of this exceptional property. This is a truly remarkable opportunity to capitalize on Waco's dynamic real estate market. The asking price is $4,616,040.

    Property Features for Tbd Wortham Bnd Rd

    General Information

    Property type
    Other commercial real estate
    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
    -97.24464
    Latitude
    31.63143

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Waco land, high-growth area, development potential.
    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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