10400 Brewer Ln Salado, TX 76571
This exceptional 5.78-acre unrestricted property in Salado, Texas, presents a remarkable investment opportunity. Located on Brewer Lane, off FM 2484, this expansive lot offers unparalleled versatility for various development projects. Its prime location near the new Salado High School and Stillhouse Hollow Lake makes it highly desirable. The property boasts paved road frontage and is conveniently situated outside the floodplain, eliminating potential development hurdles. City water and electricity are readily available at the street, simplifying infrastructure needs. While a septic system will be required, the absence of an HOA adds to the appeal. The land's open field character, with minimal trees, provides a blank canvas for creative development. This property is ideal for a multifamily development, residential subdivision, or even a single luxury home. To further enhance its appeal, engineered plans for a 16-unit duplex project are available. This unrestricted land represents a solid investment in a rapidly growing area just off I-35, offering significant potential for future appreciation. The APN is 72397. The asking price is $500,000.
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.