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$825,000

000 Lehman/CR 204, Kyle, TX, 78640

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Interior

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About this property

000 Lehman Rd / CR 204 – 5 Acres – UMU Future Land Use – City of Kyle Prime 5-acre tract in one of Kyle’s fastest-growing mixed-use corridors. Currently zoned AG, but the City of Kyle has confirmed Urban Mixed-Use (UMU) on the Future Land Use Map and indicated support for commercial, mixed-use, or higher-density residential rezoning. Located along CR 204 / Lehman Rd with excellent access to I-35, nearby utilities, and within the I-35 Overlay District for enhanced design standards. City water/sewer are in proximity (buyer to verify capacity). Property is level and surveyed (5.00 acres per Hays CAD & 2021 survey). The tract lies in FEMA Flood Zone AE, well-suited for developers planning engineered drainage, open space integration, or phased fill for townhome, multifamily, or live/work concepts. UMU-designated land trades well above standard ag tracts, making this a rare development-path opportunity with city support, strong frontage, and rapid area growth. Ideal for mixed residential, neighborhood commercial, flex, or long-term hold. Key Features: • 5.00 Acres (Hays CAD & 2021 Survey) • Future Land Use: UMU • Current Zoning: AG • City supports mixed-use/commercial rezoning • Water/sewer nearby; utilities in area • Inside I-35 Overlay District • Flood Zone AE • Strong CR 204 / Lehman Rd frontage • Quick access to I-35, Loop 4, retail & schools • No HOA; low holding costs (2025 assessed value ~$111,216)

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$0Estimated Mortgage Balance
$825,000Estimated Equity
100% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,950 /month
Positive
Cash Flow Estimate:
$1,650 /month

Interested in this property?

Rachel Beavers

Spyglass Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Kyle