Property profile

3208 Robinson Dr Waco, TX 76706

OFF-MARKET
Land
Property ID
US82-1454932
0.36 ac lot
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Property summary

AI-generated overview

This exceptional 0.361-acre commercial land parcel in Waco, Texas, presents a remarkable development opportunity. Located at 3208 Robinson Dr, in McLennan County, zip code 76706, this property boasts approximately 138 feet of frontage on Highway 77, offering excellent visibility and accessibility. The asking price is $110,000. Situated less than a mile from the intersection of I-35 and Highway 6, this location benefits from high traffic volume and convenient access to major transportation arteries. The 2022 average daily traffic count (VPD) for this area was 9,649 vehicles. The property is zoned O-3, permitting a diverse range of development options, including duplexes, offices, retail spaces, townhouses, and more. Importantly, this site is not located within a flood zone, minimizing development risks. This is an ideal location for investors seeking a high-potential development project in a thriving Texas market. The latitude and longitude coordinates are 31.50808397161975 and -97.12762530198407 respectively.

Property profile

Verified
Property type Land
Lot 0.36 ac (15,725 SF)
UPID US82-1454932

Cap rate & NOI

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

Location

3208 Robinson Dr Waco, TX 76706
Waco metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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