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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

84 Lorena Rd & Hwy McGregor, TX 76657

199 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 199-acre mixed-use development in McGregor, Texas, presents a unique investment opportunity. Located at the intersection of Lorena Rd and Hwy 84, this property offers a diverse range of uses, including medical office, multifamily residential, and retail spaces. The site's strategic location provides convenient access to Hwy 6 and I-35, ensuring excellent connectivity for residents and businesses. The planned community design emphasizes walkability, with easy access to daily necessities. This pedestrian-friendly environment fosters a vibrant lifestyle, complemented by nearby amenities such as a regional city park, a two-mile hike and bike trail, and the Bear Ridge Golf Course. The development's direct connection to 1,500 homes creates a built-in customer base for retail and medical services. This expansive property offers significant potential for developers seeking to create a thriving community hub in a rapidly growing area of McLennan County, Texas, with the 76657 zip code. The property's zoning allows for a variety of uses, making it an ideal investment for those seeking a diverse portfolio. The combination of medical, multifamily, and retail components provides a balanced and resilient investment opportunity. This is a rare chance to acquire a large-scale development site with exceptional access and a strong foundation for long-term growth.

Property profile
Verified
Property type Retail properties & Spaces
Lot 199 ac (8,668,440 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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