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Property profile & analytics
OFF-MARKET
Land

0 2.44 Acres Chapel Rd Lorena, TX 76712

2.44 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.44-acre agricultural property in Waco, Texas, presents a compelling development opportunity. Located in McLennan County, zip code 76712, the land boasts significant frontage on both Chapel Road (approximately 283 feet) and Lost Trail Drive (approximately 350 feet), ensuring high visibility and excellent access. The property is zoned O-1 and O-2, offering versatility for various uses. Its strategic location near schools, residential areas, retail, and multi-family developments, less than half a mile from Hewitt Drive, places it within West Waco's thriving growth corridor. The site's size and zoning allow for potential division, making it suitable for a range of development projects. This prime location combines high visibility, convenient access, and flexible zoning, creating an ideal investment opportunity in a rapidly developing area. The property is situated at 31.48435547 latitude and -97.21668632 longitude. The land value is $8.50 per square foot.

Property profile
Verified
Property type Land
Lot 2.44 ac (106,286 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
AI Approach AI
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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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