5 Acre Lots – Hereford Flt Hereford, TX 79045
This exceptional offering presents nine available 5-acre lots ideally situated 3.5 miles northeast of Hereford, Texas, conveniently located on the north side of Highway 60 at County Road EE. Each lot is priced at $50,000, or $10,000 per acre, representing a compelling value in this desirable location. The property boasts caliche roads providing convenient access, although buyers are responsible for the installation of wells and septic systems. A survey is also a buyer's responsibility, as is the cost of connecting to the electric line for some lots. While restrictions are in place, these will be provided to prospective buyers. Importantly, the property allows for new double-wide trailers, though used trailer homes are restricted. For those seeking flexible financing options, owner financing is available with a 20% down payment, a 10-year term, and a 10% interest rate. This presents a unique opportunity for residential development or investment in a thriving Texas community. The combination of affordability, spacious lots, and convenient access makes this a highly attractive proposition. Don't miss this chance to secure your piece of Hereford Flats.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.