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Property profile & analytics
OFF-MARKET
Land

0 Callan Blvd Lorena, TX 76655

6.67 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.67-acre commercial land parcel presents a unique investment opportunity in the rapidly growing West Waco area of Lorena, Texas. Strategically situated at the intersection of Panther Way and Ritchie Road, this property benefits from its prime location at the entrance to the burgeoning Callan Village community (currently under construction). The recent upgrade of Ritchie Road to an arterial connector between Highway 84 and Interstate 35 significantly enhances accessibility and visibility. This area is experiencing explosive residential growth, with thousands of new homes already built and many more planned, creating a substantial and expanding customer base. Zoned PUD-Commercial, this 6.67-acre tract is divisible, offering flexibility for various development scenarios. Ideal uses include retail establishments, office spaces, restaurants, or financial services, catering to the significant population increase in the immediate vicinity. The property's location at the gateway to Callan Village ensures high visibility and convenient access for potential businesses. This is a rare opportunity to capitalize on the remarkable growth trajectory of West Waco and secure a prominent position within this thriving community. The property is located in McLennan County, Texas, with a Waco mailing address and 76655 zip code.

Property profile
Verified
Property type Land
Lot 6.67 ac (290,545 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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