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    000 Nebraska Rd Alamo, TX 78516

    For Sale
    $2,165,000

    19.4 Acres, Project-Ready Multifamily Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 19.4-acre property in Alamo, Texas, presents a turnkey investment opportunity for multifamily development. Located in Hidalgo County, at 000 W Nebraska Road, zip code 78516 (26.1964777, -98.1244389), this land boasts a significant advantage: an official Notice to Proceed for a multifamily project is already in place. This eliminates substantial pre-development hurdles and allows for immediate construction. Essential utilities, including sewer and water, are readily available, further streamlining the development process and minimizing upfront costs. The property is situated in a rapidly growing area of Alamo, surrounded by new commercial and residential developments, indicating strong future appreciation potential. Convenient access to major roads and highways ensures excellent accessibility for future residents. Priced at $2,165,000, this project-ready land offers a compelling investment opportunity in a thriving Texas community. The property is zoned for Commercial, Residential, and Apartment Building uses, making it suitable for a variety of multifamily development plans. This is a rare chance to acquire a fully permitted and utility-serviced site, ready for immediate construction, in a high-growth area.

    Property Features for 000 Nebraska Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    845,064 SF

    HighLights

    • 19.4‑acre Alamo, TX multifamily development site with Notice to Proceed.
    • Located at 000 W Nebraska Road, Alamo, TX 78516.
    • Project‑ready with available sewer and water utilities.
    • Situated in a rapidly growing area with strong appreciation potential.
    • Zoned for Commercial, Residential, and Apartment Buildings.
    • Priced at $2,165,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1244389
    Latitude
    26.1964777

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    FAQs

    What type of property is this?
    Multifamily property - 19.4 Acres, Project-Ready Multifamily Land
    Where is this multifamily property located?
    The property is located at 000 Nebraska Rd Alamo, TX.
    What is the asking price?
    The asking price for this property is $2,165,000.
    What are key features of this property?
    This property features: 19.4-acre Alamo, TX multifamily development site with Notice to Proceed.; Located at 000 W Nebraska Road, Alamo, TX 78516.; Project-ready with available sewer and water utilities.
    Request Owner's contact information
    000 Nebraska Rd Alamo, TX 78516
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    Alamo, TX 78516
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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
    000 Nebraska Rd Alamo, TX 78516
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