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    Marketplace Ave Kyle, TX 78640

    For Sale
    Contact for pricing

    18.84 Acres, Multifamily & Retail

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 18.84-acre land parcel in Kyle, Texas, presents a unique opportunity for a mixed-use development. Located on Marketplace Avenue near Highway I-35, this PUD-zoned property offers unparalleled access to the thriving Austin MSA and local amenities. The approved plan allows for the construction of a four-story, surface-parked multifamily project encompassing over 330 units, achieving a density of approximately 28 units per acre. In addition, roughly 3.5 acres are designated for standalone commercial/retail development, eliminating the need for ground-floor retail within the residential component. The City of Kyle has approved significant development cost savings, including waivers for roadway, water/wastewater, and parkland dedication fees, along with the elimination of on-site stormwater detention requirements. This prime location benefits from Kyle's explosive growth, ranking among the fastest-growing cities in Texas and the nation, fueled by a robust economy and the presence of major employers such as Tesla, Amazon, and prominent healthcare systems. This is an exceptional opportunity to capitalize on Kyle's dynamic market and realize substantial returns on investment. The property's address is 0 Marketplace Ave, Kyle, TX 78640, with Hays County APN R134788.

    Property Features for 0 Marketplace Ave

    General Information

    Property type
    Land
    Lot Size
    820,670 SF

    HighLights

    • 336‑unit multifamily and retail development site with approved PUD zoning in Kyle, TX.
    • +/- 18.84‑acre site on Marketplace Avenue near I‑35 with excellent access to amenities and Austin MSA.
    • Significant development cost savings due to waived impact fees (roadway, water/wastewater, parkland) and no on‑site stormwater detention required.
    • Located in Kyle, TX, one of the fastest‑growing cities in the US, with a 9% year‑over‑year population growth and major employers including Tesla and Amazon.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kyle
    County
    Hays
    State
    Texas
    Longitude
    -97.870347
    Latitude
    30.008055

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    FAQs

    What type of property is this?
    Land - 18.84 Acres, Multifamily & Retail
    Where is this land located?
    The property is located at Marketplace Ave Kyle, TX.
    What are key features of this property?
    This property features: 336-unit multifamily and retail development site with approved PUD zoning in Kyle, TX.; +/- 18.84-acre site on Marketplace Avenue near I-35 with excellent access to amenities and Austin MSA.; Significant development cost savings due to waived impact fees (roadway, water/wastewater, parkland) and no on-site stormwater detention required.
    (512) 399-6945
    Request Owner's contact information
    Marketplace Ave Kyle, TX 78640
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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
    Marketplace Ave Kyle, TX 78640
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