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    7002 Maryland St Abilene, TX 79606

    Sponsored
    For Sale
    $475,000

    10.45-acre prime development land, $475,000.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10.45-acre tract in Abilene, Texas, presents a lucrative multifamily development opportunity. Located at 7002 Maryland St, zip code 79606, in Taylor County, this property is zoned MD Multi-Family, permitting a high-density development of up to 12 units per acre. The zoning allows for diverse development options, including apartments, fourplexes, duplexes, or even single-family homes, catering to a wide range of market demands. While the entire property lies within the floodplain, it's importantly situated outside the floodway. This means that construction is feasible, requiring only adherence to Base Flood Elevation building codes. The land value is assessed at $45,454 per acre, reflecting the significant potential for return on investment. The asking price for the entire 10.45-acre tract is $475,000. This property offers developers a unique chance to capitalize on Abilene's growing housing market and create a substantial multifamily development. The latitude and longitude coordinates are 32.4146648414069, -99.81817876064852 respectively. This is a remarkable opportunity to acquire a large, well-located parcel ready for immediate development.

    Property Features for 7002 Maryland St

    General Information

    Property type
    Multifamily properties

    HighLights

    • $475,000 asking price.
    • Multifamily apartment building.
    • 10.45‑acre development tract in Abilene, TX.
    • Zoned MD Multi‑Family (12 units per acre).
    • Located at 7002 Maryland St, Abilene, TX 79606.
    • Land value: $45,454/acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.818178760649
    Latitude
    32.414664841407

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    FAQs

    What type of property is this?
    Multifamily property - 10.45-acre prime development land, $475,000.
    Where is this multifamily property located?
    The property is located at 7002 Maryland St Abilene, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: $475,000 asking price.; Multifamily apartment building.; 10.45-acre development tract in Abilene, TX.
    Request Owner's contact information
    7002 Maryland St Abilene, TX 79606
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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
    7002 Maryland St Abilene, TX 79606
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