18410 Fm 969 Manor, TX 78653
This exceptional 20-acre property in Manor, Texas, presents a compelling redevelopment opportunity. Currently featuring a 25-unit mobile home park and boat/RV storage, the site is divided into two parcels. One parcel includes a fully operational RV park. The property boasts electric service from Austin Energy, a private well, and septic tanks. Its strategic location offers significant growth potential, situated just 12 miles from downtown Austin and less than 10 miles from Austin-Bergstrom International Airport. The area is experiencing rapid expansion, fueled by major developments including the nearby 1,100-acre, $8.7 billion Emerald Island "mini-city" project, the $10 billion Greenport International Airport Technology and Data Center, and a 60-acre residential community in Pflugerville. This surge in residential growth is driving high demand for mixed-use developments, affordable housing, and supporting services. Built in 1972, the property offers immediate income generation while providing a blank canvas for future development. The property's proximity to major employers like Tesla, Sonic Healthcare, and NXP Semiconductors further enhances its investment appeal. This is a rare chance to capitalize on the explosive growth of the Austin area. The asking price is $1,995,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.