0 Tree Lake Dr Waco, TX 76708
This exceptional 50.6687-acre development opportunity in Waco, Texas, is located on TBD Tree Lake Drive in McLennan County, zip code 76708. Zoned R-1B (Single-Family Residence District), this property boasts pre-approved plans for 234 residential lots, significantly streamlining the development process. Its strategic location offers convenient access to both suburban tranquility and urban amenities. Situated just 10 miles from Downtown Waco and Interstate 35, residents will enjoy easy access to shopping, dining, and entertainment. The proximity to Waco Regional Airport ensures convenient travel for residents and visitors. Furthermore, this development is within the highly-regarded China Spring Independent School District, making it particularly attractive to families. The asking price for this expansive parcel is $2,200,000. This presents a unique chance to capitalize on Waco's thriving real estate market and create a vibrant residential community in a highly desirable location. The property's combination of pre-approved plans, excellent school district, and strategic location makes it an exceptional investment opportunity.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.