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Property profile & analytics
OFF-MARKET
Land

000 Nebraska Rd Alamo, TX 78516

19.4 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 19.4-acre property in Alamo, Texas, presents a turnkey investment opportunity for multifamily development. Located in Hidalgo County, at 000 W Nebraska Road, zip code 78516 (26.1964777, -98.1244389), this land boasts a significant advantage: an official Notice to Proceed for a multifamily project is already in place. This eliminates substantial pre-development hurdles and allows for immediate construction. Essential utilities, including sewer and water, are readily available, further streamlining the development process and minimizing upfront costs. The property is situated in a rapidly growing area of Alamo, surrounded by new commercial and residential developments, indicating strong future appreciation potential. Convenient access to major roads and highways ensures excellent accessibility for future residents. Priced at $2,165,000, this project-ready land offers a compelling investment opportunity in a thriving Texas community. The property is zoned for Commercial, Residential, and Apartment Building uses, making it suitable for a variety of multifamily development plans. This is a rare chance to acquire a fully permitted and utility-serviced site, ready for immediate construction, in a high-growth area.

Property profile
Verified
Property type Land
Lot 19.4 ac (845,064 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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