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    505 Uhland Rd San Marcos, TX 78666

    For Sale
    $1,750,000

    3.85 Acres, Multi-Family Potential

    Property size:
    167,706 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.85-acre lot at 505 Uhland Rd, San Marcos, TX, presents a remarkable opportunity for commercial and residential development. Priced at $1,750,000 ($10.43/sq ft), this property boasts a substantial 167,706 square feet of land, ideal for a multi-family or student housing project. The land's value is assessed at $11.92 per square foot, reflecting its prime location and development potential. Its flat and buildable terrain simplifies construction, while its strategic location offers unparalleled convenience. Situated in Hays County, with a 78666 zip code, the property enjoys proximity to major transportation arteries, including Interstate 35, placing it within easy reach of the wider San Marcos community. Furthermore, its location on the Texas State University bus route and its close proximity to Bobcat Stadium and Texas State University itself makes it exceptionally attractive for student housing development. This presents a unique chance to capitalize on the strong demand for housing near this thriving university. The property's size and location combine to create a compelling investment opportunity with significant potential for substantial returns. Don't miss this chance to acquire a highly desirable development site in a rapidly growing area.

    Property Features for 505 Uhland Rd

    General Information

    Property type
    Land
    Square Feet
    167,706 SF
    Lot Size
    167,706 SF

    HighLights

    • Excellent multifamily/student housing development opportunity.
    • Level, readily developable land.
    • Conveniently located on the Texas State University bus line.
    • Short distance to I‑35 and Bobcat Stadium/Texas State University.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.914314
    Latitude
    29.89654

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    FAQs

    What type of property is this?
    Land - 3.85 Acres, Multi-Family Potential
    Where is this land located?
    The property is located at 505 Uhland Rd San Marcos, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Excellent multifamily/student housing development opportunity.; Level, readily developable land.; Conveniently located on the Texas State University bus line.
    Request Owner's contact information
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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
    505 Uhland Rd San Marcos, TX 78666
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