11023 Fm 1854 Dale, TX 78616
This exceptional 5.72-acre property in Dale, Texas, presents a unique investment opportunity. Located at 11023 FM 1854 in Caldwell County, zip code 78616, this land is already subdivided into two 2.84-acre legal lots (11 & 12), each measuring approximately 125 feet of frontage by 988 feet deep, providing a total of 250 feet of frontage along FM 1854, a Texas Department of Transportation highway. The property includes an existing 1,612 square foot, three-bedroom, two-bathroom manufactured home (built in 1998 and requiring repairs), and a 900 square foot metal building. Utilities include one Aqua water meter with two water lines (2-inch and 4-inch, allowing for a fire hydrant), and one Bluebonnet electric meter (additional meters permitted). A septic system is in place but requires inspection following drain pipe repair. The property's zoning allows for various development options, including four manufactured homes, four stick-built houses, or four duplexes. Legal subdivision into five 1-acre lots would allow for an additional dwelling. The asking price is $880,000, translating to approximately $139,860.14 per acre. The total lot size is 249,163 square feet. One driveway currently accesses both lots
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.