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    3590 Co Rd LaCoste, TX 78039

    For Sale
    $4,500,000

    Texas Land: Build & Lease Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 14-acre property in LaCoste, Texas, presents a compelling investment opportunity. The land encompasses 48 residential lots, all fully serviced with water, sewer, and electricity. Ten existing single-family rental homes are currently built, leased, and generating income. This value-add investment offers immediate cash flow from the existing ten units, while providing 38 shovel-ready lots for future development. The potential for building and selling homes, or continuing the successful rental model, is significant. Located in a rapidly growing area just outside San Antonio, this property benefits from convenient access to major roadways. It's approximately 10 miles from Highway 1604 in San Antonio and 6 miles from Castroville. The property consists of 48 single-story buildings, all constructed in 2020. The asking price is $4,500,000. This mixed-use, multifamily property is categorized as a single-family rental portfolio and presents an unparalleled chance to capitalize on the thriving Texas real estate market. The property's location offers a blend of suburban tranquility and easy access to the amenities and employment opportunities of San Antonio. The existing infrastructure and ready-to-build lots minimize development hurdles, allowing for a swift return on investment. This is a rare opportunity to acquire a substantial land holding with immediate income and significant future potential. The property is zoned for residential use. Broker co-op is available.

    Property Features for 3590 Co Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2020
    Buildings
    48
    Stories
    1
    Units
    48

    HighLights

    • 14‑acre LaCoste, TX property with 48 serviced residential lots.
    • Ten existing single‑family rental homes generating immediate cash flow.
    • 38 shovel‑ready lots for future development.
    • $4,500,000 asking price.
    • Located near Highway 1604 and Castroville, offering convenient access to San Antonio.
    • Zoned residential; broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    LaCoste
    County
    Medina
    State
    Texas
    Longitude
    -98.8196928
    Latitude
    29.3176672

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    FAQs

    What type of property is this?
    Multifamily property - Texas Land: Build & Lease Opportunity
    Where is this multifamily property located?
    The property is located at 3590 Co Rd LaCoste, TX.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 14-acre LaCoste, TX property with 48 serviced residential lots.; Ten existing single-family rental homes generating immediate cash flow.; 38 shovel-ready lots for future development.
    Request Owner's contact information
    3590 Co Rd LaCoste, TX 78039
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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
    3590 Co Rd LaCoste, TX 78039
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