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Property profile & analytics
OFF-MARKET
Land

0 Tree Lake Dr Waco, TX 76708

50.67 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 50.67 ac (2,207,098 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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