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Property profile

0 Maximus St Waco, TX 76712

OFF-MARKET
Land
1,675,361 SF 38.46 ac lot
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Property summary

AI-generated overview

This exceptional 38.461-acre (1,675,361 square feet) property presents a unique investment opportunity in Waco, Texas. Located near Maximus Street, this land boasts dual zoning classifications: R-1B for single-family and R-3B for multi-family residences, offering immense flexibility for development. The property's strategic location ensures high visibility and accessibility, with proximity to US Highway 84, experiencing over 25,000 vehicles daily (per TxDOT 2022 projections), and Panther Way, with over 6,000 vehicles daily (per TxDOT 2022 projections). The asking price is $7,500,000, translating to $4.48 per square foot. City water and sewer services are readily available, simplifying infrastructure development. The property's size and zoning make it suitable for a variety of projects, from large-scale residential communities to mixed-use developments. The APN is 36-075900-000700-2. This is a rare opportunity to acquire a substantial parcel of land in a rapidly growing area of Waco, McLennan County, Texas, zip code 76712. The property is ideally situated to capitalize on the area's increasing demand for housing and commercial space. Don't miss this chance to secure a prime piece of real estate in a thriving Texas market.

Property profile

Verified
Property type Land
Total area 1,675,361 SF
Lot 38.46 ac (1,675,361 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Maximus St Waco, TX 76712
Waco metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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