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Property profile & analytics
OFF-MARKET
Land

377 Meander Rd Granbury, TX 76049

18 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 18-acre land parcel presents a remarkable opportunity for multifamily development in the thriving Granbury, Texas market. Located at the northwest quadrant of the intersection of Highway 377 and Meander Road, this property boasts a prime location with excellent visibility and accessibility. The land is zoned for multifamily use, allowing for the construction of up to 18 units per acre, subject to local regulations and approvals. This translates to significant potential for a substantial multifamily project. The site benefits from readily available water and sewer utilities, simplifying the development process and reducing upfront costs. Furthermore, the high traffic counts on Highway 377 (35,920 vehicles per day) and Acton Highway (12,845 vehicles per day) ensure strong visibility and convenient access for future residents. This strategic location in Granbury, Hood County, Texas (zip code 76049), offers a compelling investment opportunity within a rapidly growing community. The property's size and zoning make it ideal for a variety of multifamily developments, from apartments to townhouses, catering to the increasing demand for housing in this desirable area. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a large, well-located parcel of land suitable for immediate development.

Property profile
Verified
Property type Land
Lot 18 ac (784,080 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
AI Approach AI
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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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