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    27.21 Acres Ih35 Lorena, TX 76655

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    27 Acres, High Visibility, I-35 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 27.21-acre commercial land parcel presents a remarkable development opportunity. Strategically located off I-35 Exit 322 in Lorena, Texas (McLennan County, zip code 76655), this property boasts unparalleled visibility and convenient access to a major transportation artery. The land is zoned Lorena ETJ and is currently serviced by City of Lorena sewer, simplifying infrastructure considerations for future projects. Its expansive size offers significant potential for a variety of commercial developments, capitalizing on the high traffic volume and strong regional growth. Situated within the Lorena ISD, this location benefits from a thriving community and excellent access to Waco, just ten minutes to the north. The property's flat terrain and readily available utilities make it an ideal site for immediate development. Detailed surveys and site plans are available upon request. This is a rare opportunity to acquire a large, high-visibility tract of land in a rapidly growing area of Central Texas. Don't miss this chance to secure a prime location for your next commercial venture. The coordinates are 31.38007643 latitude and -97.214573 longitude.

    Property Features for 0 27.21 Acres Ih35

    General Information

    Property type
    Land
    Lot Size
    1,185,268 SF

    HighLights

    • 27.21‑acre commercial land parcel in Lorena, TX (McLennan County, 76655).
    • Excellent I‑35 (Exit 322) visibility and access.
    • Lorena ETJ zoning with City of Lorena sewer service.
    • Suitable for various commercial developments.
    • Located in Lorena ISD, near Waco (10 minutes).
    • Flat terrain and readily available utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lorena
    County
    McLennan
    State
    Texas
    Longitude
    -97.214573
    Latitude
    31.38007643

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    FAQs

    What type of property is this?
    Land - 27 Acres, High Visibility, I-35 Access
    Where is this land located?
    The property is located at 27.21 Acres Ih35 Lorena, TX.
    What are key features of this property?
    This property features: 27.21-acre commercial land parcel in Lorena, TX (McLennan County, 76655).; Excellent I-35 (Exit 322) visibility and access.; Lorena ETJ zoning with City of Lorena sewer service.
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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
    27.21 Acres Ih35 Lorena, TX 76655
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