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    150 Garden Dr Waco, TX 76706

    For Sale
    Contact for pricing

    5.5 Acres near Baylor University

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5.499-acre vacant land parcel presents a rare opportunity for development in Waco, Texas. Strategically located at 150 E Garden Dr, in McLennan County, zip code 76706, this property boasts an impressive 815+ feet of frontage along University Parks Drive. Its prime location is surrounded by multi-family residential developments on the west side of Baylor University, making it ideally suited for a variety of high-demand projects. The expansive lot size offers significant potential for developers seeking to capitalize on the thriving Waco real estate market and its proximity to a major university. The address is easily accessible via established roadways, ensuring convenient access for residents and businesses alike. This exceptional site represents one of the last remaining prime development opportunities in this highly sought-after area. Detailed site plans and surveys are available upon request. This is a unique chance to acquire a substantial piece of land with significant development potential in a rapidly growing Texas city. The property's location offers unparalleled access to the vibrant energy of Baylor University and its surrounding community. Don't miss this chance to secure a piece of Waco's future.

    Property Features for 150 Garden Dr

    General Information

    Property type
    Land
    Lot Size
    239,536 SF

    HighLights

    • 5.499‑acre vacant land parcel in Waco, TX.
    • Located on 150 E Garden Dr, Waco, TX 76706.
    • Prime development site in University Parks, near Baylor University.
    • Features over 815 feet of frontage on University Parks Drive.
    • Surrounded by multi‑family housing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.096194295175
    Latitude
    31.537105140631

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    FAQs

    What type of property is this?
    Land - 5.5 Acres near Baylor University
    Where is this land located?
    The property is located at 150 Garden Dr Waco, TX.
    What are key features of this property?
    This property features: 5.499-acre vacant land parcel in Waco, TX.; Located on 150 E Garden Dr, Waco, TX 76706.; Prime development site in University Parks, near Baylor University.
    (254) 776-0000
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    150 Garden Dr Waco, TX 76706
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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
    150 Garden Dr Waco, TX 76706
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