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    5549 Mcneil Dr Austin, TX 78727

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    For Sale
    $1,600,000

    Land with approved site development plan for 106 multifamily units.

    Lot size:
    2.90 Acres

    Property Features for 5549 Mcneil Dr

    General Information

    Lot size
    2.90 Acres

    Source: Mathias Partners Agent Michael Levy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Development Land Available

    This property features an approved site development plan for the construction of 106 multifamily units. The site benefits from an existing 16-inch City of Austin (COA) water main located approximately 960 feet west of the site on McNeil Drive. Additionally, an existing 8-inch COA gravity wastewater main is accessible at Parmer Lane near McNeil Drive. The property is situated within the City of Austin's 2-Mile Extra Territorial Jurisdiction (ETJ).
    Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.7300326
    Latitude
    30.4467227

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    FAQs

    What type of property is this?
    Land - Land with approved site development plan for 106 multifamily units.
    Where is this land located?
    The property is located at 5549 Mcneil Dr Austin, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Approved Site Development Plan for **106 multifamily units**; - Existing 16” COA water main approximately 960 feet west of site on McNeil Drive; - Existing 8” COA gravity wastewater main at Parmer Lane near McNeil Drive
    (512) 330-9111
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    5549 Mcneil Dr Austin, TX 78727
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    Austin, TX 78727
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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
    5549 Mcneil Dr Austin, TX 78727
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