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    Maximus St Waco, TX 76712

    Sponsored
    For Sale
    $7,500,000

    38 Acres, Prime Waco Location, High Traffic

    Property size:
    1,675,361 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 38.461-acre (1,675,361 square feet) property presents a unique investment opportunity in Waco, Texas. Located near Maximus Street, this land boasts dual zoning classifications: R-1B for single-family and R-3B for multi-family residences, offering immense flexibility for development. The property's strategic location ensures high visibility and accessibility, with proximity to US Highway 84, experiencing over 25,000 vehicles daily (per TxDOT 2022 projections), and Panther Way, with over 6,000 vehicles daily (per TxDOT 2022 projections). The asking price is $7,500,000, translating to $4.48 per square foot. City water and sewer services are readily available, simplifying infrastructure development. The property's size and zoning make it suitable for a variety of projects, from large-scale residential communities to mixed-use developments. The APN is 36-075900-000700-2. This is a rare opportunity to acquire a substantial parcel of land in a rapidly growing area of Waco, McLennan County, Texas, zip code 76712. The property is ideally situated to capitalize on the area's increasing demand for housing and commercial space. Don't miss this chance to secure a prime piece of real estate in a thriving Texas market.

    Property Features for 0 Maximus St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,675,361 SF
    Lot Size
    1,675,361 SF

    HighLights

    • 38.46‑acre site (1,675,361 square feet).
    • R‑1B (Single‑Family) and R‑3B (Multi‑Family) zoning.
    • City water and sewer available.
    • High‑traffic location.
    • Excellent visibility and access from US Highway 84 (25,000+ VPD) and Panther Way (6,000+ VPD) per TxDOT 2022 data.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.220773188538
    Latitude
    31.472498307878

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    FAQs

    What type of property is this?
    Multifamily property - 38 Acres, Prime Waco Location, High Traffic
    Where is this multifamily property located?
    The property is located at Maximus St Waco, TX.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: 38.46-acre site (1,675,361 square feet).; R-1B (Single-Family) and R-3B (Multi-Family) zoning.; City water and sewer available.
    Request Owner's contact information
    Maximus St Waco, TX 76712
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    Waco, TX 76712
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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
    Maximus St Waco, TX 76712
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