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    Tbd Johnson Dr McGregor, TX 76657

    For Sale
    $2,870,000

    Prime 82-acre commercial land, McGregor, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 82-acre (±) commercial land parcel presents a remarkable development opportunity in the thriving city of McGregor, Texas, and within the Waco extraterritorial jurisdiction (ETJ). The property is strategically located less than half a mile from McGregor's main highway and a grocery store, ensuring convenient access and high visibility. This area has experienced significant recent growth and development, indicating a strong and promising market for future projects. The property is zoned R, offering flexibility for a variety of residential or commercial development plans. The expansive lot size provides ample space for large-scale projects, catering to diverse development needs. Its proximity to essential amenities and its location within a rapidly expanding area make this an unparalleled investment opportunity for developers seeking high-return potential. The address is listed as TBD Johnson Dr, McGregor, TX 76657, with GPS coordinates of 31.4288212 latitude and -97.4166169 longitude. The asking price for this exceptional property is $2,870,000. This is a rare chance to acquire a substantial land holding in a dynamic and rapidly growing Texas market.

    Property Features for 0 Tbd Johnson Dr

    General Information

    Property type
    Land
    Lot Size
    3,571,920 SF

    HighLights

    • $2,870,000 asking price.
    • 82‑acre commercial land parcel.
    • R‑zoned for development.
    • Located in McGregor, TX, McLennan County, zip code 76657.
    • Prime development opportunity near major highway and grocery store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McGregor
    County
    McLennan
    State
    Texas
    Longitude
    -97.4166169
    Latitude
    31.4288212

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    FAQs

    What type of property is this?
    Land - Prime 82-acre commercial land, McGregor, TX.
    Where is this land located?
    The property is located at Tbd Johnson Dr McGregor, TX.
    What is the asking price?
    The asking price for this property is $2,870,000.
    What are key features of this property?
    This property features: $2,870,000 asking price.; 82-acre commercial land parcel.; R-zoned for development.
    Request Owner's contact information
    Tbd Johnson Dr McGregor, TX 76657
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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
    Tbd Johnson Dr McGregor, TX 76657
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