84 Tbd Hwy, McGregor, TX 76657
Exceptional 12.463-acre vacant land parcel ideally situated on Highway 84 between Waco and McGregor, Texas. This prime development opportunity boasts 393 feet of highway frontage, ensuring high visibility and accessibility. Located within the Waco extraterritorial jurisdiction (ETJ), the property is free from zoning restrictions, offering maximum flexibility for a diverse range of development projects. A significant advantage is the existing infrastructure: one water meter and one curb cut are already in place, streamlining the development process and reducing initial costs. The high-traffic location, with a reported 23,356 vehicles per day according to TxDOT data, guarantees substantial exposure and potential for commercial success. The property's address is TBD W HWY 84, McGregor, TX 76657, in McLennan County. This presents a rare chance to capitalize on the growth of the Waco and McGregor areas, making it an attractive investment for developers seeking a strategic location with minimal regulatory hurdles. The land is priced at $3.25 per square foot.
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
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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.