2147 And Star Horseshoe Bay, TX 78657
This exceptional 9-acre development site in Horseshoe Bay, Texas, presents a unique opportunity to acquire a fully approved 153-unit multifamily project. Located at the intersection of FM 2147 and Star in Llano County, zip code 78657 (latitude 30.5451919, longitude -98.385532), this prime commercial property boasts a generous lot size and ample parking. The property is zoned R4 & R6, allowing for the construction of a substantial multifamily complex. The approved plans encompass 153 residential units, supported by a significant 306-space parking area, ensuring convenient parking for residents. Utilities are available, making this a turnkey project ready for immediate development. The property's location in the desirable Horseshoe Bay area offers excellent access to local amenities and attractions. This is an exceptional investment opportunity for developers seeking to capitalize on the strong demand for multifamily housing in this thriving Texas market. The asking price is available upon request. Serious inquiries only. All information is deemed reliable but not guaranteed.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.