Property profile

0 Tbd Johnson Dr McGregor, TX 76657

OFF-MARKET
Land
82 ac lot
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Property summary

AI-generated overview

This exceptional 82-acre (±) commercial land parcel presents a remarkable development opportunity in the thriving city of McGregor, Texas, and within the Waco extraterritorial jurisdiction (ETJ). The property is strategically located less than half a mile from McGregor's main highway and a grocery store, ensuring convenient access and high visibility. This area has experienced significant recent growth and development, indicating a strong and promising market for future projects. The property is zoned R, offering flexibility for a variety of residential or commercial development plans. The expansive lot size provides ample space for large-scale projects, catering to diverse development needs. Its proximity to essential amenities and its location within a rapidly expanding area make this an unparalleled investment opportunity for developers seeking high-return potential. The address is listed as TBD Johnson Dr, McGregor, TX 76657, with GPS coordinates of 31.4288212 latitude and -97.4166169 longitude. The asking price for this exceptional property is $2,870,000. This is a rare chance to acquire a substantial land holding in a dynamic and rapidly growing Texas market.

Property profile

Verified
Property type Land
Lot 82 ac (3,571,920 SF)

Cap rate & NOI

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

Location

Tbd Johnson Dr McGregor, TX 76657
McGregor 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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