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Property profile

1465 Beltway S Abilene, TX 79602

OFF-MARKET
Commercial real estate
Property ID
US82-2855657
1,500 SF 7.2 ac lot Built 1989
Individually Owned 20-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 4-acre commercial parcel presents a unique multifamily development opportunity in Abilene, Texas. Situated within the burgeoning South End mixed-use development, this property boasts unparalleled access and infrastructure. The site benefits from its strategic location at the intersection of US HWY 83-84 and FM 707, ensuring high visibility and convenient access for future residents. A newly constructed public road now runs through the development, providing seamless connectivity. Essential utilities, including water and sewer service, are already in place, eliminating significant upfront development costs. Detention facilities are also complete, streamlining the permitting process. The property is zoned PDD (Planned Development District) for multifamily use, allowing for a maximum density of 24 units per acre, as per City of Abilene zoning ordinances. This translates to a potential for up to 96 residential units, making this a highly attractive investment prospect for developers seeking a prime location with established infrastructure and significant development potential. The property's location within a thriving mixed-use development promises a vibrant and convenient living environment for future residents. This is a rare opportunity to acquire a fully serviced, ready-to-develop multifamily site in a rapidly growing area of Abilene.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1989
Total area 1,500 SF
Lot 7.2 ac (313,632 SF)
APN A1694000300
UPID US82-2855657

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Landscaping General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2006
5 recorded transactions
2006
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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