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Property profile & analytics
OFF-MARKET
Land

0 Katherine Ave Salado, TX 76571

0.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional offering presents thirteen residential lots within the desirable Drake's Landing Phase II development in Salado, Texas. Each lot boasts generous dimensions, ranging from approximately 70 to 80 feet wide and 110 to 120 feet deep, providing ample space for custom home construction. The lots are zoned SF-1, allowing for single-family residential development. The total acreage available is between 0.2 and 0.3 acres, offering a variety of options for buyers. This prime location offers unparalleled convenience, with easy golf cart access to both the Mill Creek Golf Course and the vibrant downtown Salado area. The developer is flexible and open to selling fewer than thirteen lots, or even considering offers for the entire parcel. This presents a unique opportunity for both individual homebuyers and developers seeking a collection of build-ready lots in a highly sought-after Texas Hill Country town. The asking price for the entire collection of thirteen lots is $975,000. Serious inquiries are encouraged to discuss individual lot pricing and potential bulk purchase options. The property is located on Katherine Ave, Salado, Bell County, Texas, 76571.

Property profile
Verified
Property type Land
Lot 0.2 ac (8,712 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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