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Property profile & analytics
OFF-MARKET
Commercial real estate

2300 New Rd Waco, TX 76711

45 ac lot
Entity Owned 2-yr Hold
Property ID
US82-7573579
Property summary
AI-generated overview

This exceptional 45-acre property, located at 2300 S. New Rd in Waco, Texas (zip code 76711), presents a unique investment opportunity. The land is zoned for Medium Density Residential, allowing for a variety of development options. Permitted uses include duplexes, townhouses, condos, and apartments, with a maximum density of 25 units per acre. The property's strategic location offers significant advantages. It's situated in a rapidly growing area of Waco, directly across the street from recently opened entertainment venues including Topgolf, Main Event, and a Cinemark Theatre, ensuring high visibility and convenient access to amenities. This prime location makes it ideal for a variety of residential developments, including senior living facilities or build-to-rent projects. The property is classified as both retail and land, offering flexibility for potential buyers. Prospective purchasers are advised to independently verify zoning regulations with the City of Waco to confirm suitability for their intended development plans. The asking price is available upon request. This is a rare opportunity to acquire a substantial parcel of land in a thriving Texas market.

Property profile
Verified
Property type Commercial real estate
Lot 45 ac (1,960,200 SF)
UPID US82-7573579
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Morrisons Corner Wtx LLC · 2 yrs held
Morrisons Corner Wtx LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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