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Property profile & analytics
OFF-MARKET
Land

0 Devonshire Rd Hewitt, TX 76643

18.34 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 18.338-acre commercial land parcel presents a prime development opportunity in Hewitt, Texas, zip code 76643. Located on Devonshire Road within the Midway ISD boundaries, this property boasts a pre-annexation agreement with the City of Waco (September 2022), securing access to city water and sewer services. Currently zoned R-2, the land offers diverse development potential. Permitted uses include single-family homes, single-family attached dwellings (zero lot line), duplexes, two-family dwellings, and a range of community facilities. These possibilities encompass educational institutions (public/private schools, preschools, kindergartens, and special schools), religious institutions (houses of worship, convents, and related structures), Community Homes I, and special use permits for licensed group homes, HUD manufactured home subdivisions, and outdoor recreation and amusement. An agricultural exemption is currently in place. The asking price for this expansive tract is $2,000,000. This location offers excellent access to Waco and its amenities, making it an attractive investment for developers seeking a versatile and well-situated property. The McLennan County location provides a strong foundation for a variety of development projects. This is a rare opportunity to acquire a large parcel of land with pre-approved utility access, ready for immediate development.

Property profile
Verified
Property type Land
Lot 18.34 ac (798,803 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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