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Property profile & analytics
OFF-MARKET
Land

0 Sanders Farm Rd Temple, TX 76502

14.52 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 14.522-acre commercial land parcel presents a remarkable opportunity for multi-family development in Temple, Texas. Located on Sanders Farm Rd, with a new lighted intersection at West Adams Avenue (FM 2305), this property boasts convenient access to major thoroughfares. Secondary access is provided via the Tanglehead Drive extension, connecting to Old West Waco Road. A site plan is already approved for a substantial 290-unit apartment complex, complete with amenities, common areas, green spaces, and on-site detention. All utilities are conveniently stubbed to the property line, simplifying the development process. The property is situated within the desirable Belton ISD, with Lake Belton Middle School and Joe M Pirtle Elementary School nearby on Tarver Drive. Its strategic location offers easy access to Hwy 317 to the west and IH-35 to the east, ensuring excellent connectivity for residents. The asking price for this prime development site is $5,800,000. The property's APN is 520420. This is a rare opportunity to acquire a fully permitted and strategically located land parcel ideal for a large-scale multifamily project.

Property profile
Verified
Property type Land
Lot 14.52 ac (632,578 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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