84 Lorena Rd & Hwy McGregor, TX 76657
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.
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.