0 Sanders Farm Rd Temple, TX 76502
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.