377 Meander Rd Granbury, TX 76049
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.
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
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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.