Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1945 S Pea Ridge Rd, Unit 12 Temple, TX 76502

    Sponsored
    For Sale
    $299,900

    LAND - Temple, TX

    Lot size:
    0.94 Acres
    Days on Market:
    95
    Last Refresh:
    Feb 8 at 9:06 pm

    Property Features for 1945 S Pea Ridge Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    488931
    Lot size
    0.94 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Chrissy Kehrly
    Chrissy Kehrly

    eXp Realty LLC (888) 519-7431

    Listing agent Chrissy Kehrly (888) 519-7431 License #0700386

    Listing date Nov 6, 2025

    MLS# 590809 Listing URL

    Copyright © 2025 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Temple, TX Land Opportunity

    This 0.9439-acre lot is located in Temple, TX. Zoned SF-2, it allows for the construction of multiple duplexes, suitable for generating long-term rental income or developing a profitable project. The property is situated within the Belton Independent School District and is conveniently located near shopping, dining, and other major conveniences. Lake Belton, with its recreational attractions, is approximately 10 minutes away. The zoning flexibility and location are intended to maximize investment potential, given the strong demand for housing in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Accounting Firm HVAC Service Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.429662
    Latitude
    31.099632

    Nearby Similar for Sale

    • $350,000
      2,632 SF

      Spacious Duplex in Temple, TX

      Well-maintained duplex with 3-bedroom units, fenced yards, and garages.
      4415 Brutus Ln, Temple, TX 76502
      View Details
    • $239,000
      1,898 SF

      Income-Producing Duplex Near Downtown Temple

      Charming duplex near downtown, hospital, college, and I-35.
      1310 S 21St St, Temple, TX 76504
      View Details
    • $550,000
      36.00 Acres

      Scenic Ranch Property in Temple

      36-acre ranch in Bell County with recreational and homesite potential.
      4480 Cen Tex Loop, Temple, TX 76501
      View Details
    • $239,000
      0.16 Acres

      Income-Producing Duplex Near Downtown Temple

      Charming duplex near downtown, hospital, college, and I-35.
      1310 S 21St St, Temple, TX 76504
      View Details
    • New
      $260,000
      3,498 SF

      Versatile Commercial Property in Temple, TX

      Commercial property with warehouse functionality and retail visibility in Temple.
      605 S Martin Luther King Blvd, Temple, TX 76504
      View Details
    • $375,000
      2,710 SF

      New Duplex in Temple, TX

      New construction duplex with modern finishes, ideal for investors.
      905 S Martin Luther King Jr Dr, Temple, TX 76504
      View Details
    • New
      $399,900
      2,644 SF

      New Duplex Near Business District

      Modern duplex in Temple, TX, ideal for investors or owner-occupiers.
      1102 Zora Dr, Temple, TX 76504
      View Details
    • New
      $169,000
      1,200 SF

      Renovated Duplex on Corner Lot

      Two-story duplex with updated kitchens and new roof.
      917 S 4Th St, Temple, TX 76504
      View Details
    • $305,000
      1,252 SF

      Temple Duplex: Investment Opportunity

      Well-maintained duplex near Temple College, ideal for rental income.
      2701 Valley Forge Ave, Temple, TX 76504
      View Details
    • New
      $225,000
      3,600 SF

      Versatile Commercial Space in Temple

      Prime commercial property with retail storefront and warehouse space.
      14 N 10Th St, Temple, TX 76501
      View Details
    • $350,000
      1,765 SF

      Remodeled Mixed-Use Property in Temple

      Remodeled mixed-use property on a corner lot in high-traffic area.
      319 S 31St St, Temple, TX 76504
      View Details
    • New
      $399,900
      2,644 SF

      New Duplex in Temple, TX

      New construction duplex, ideal for investment or owner occupancy.
      1106 Zora Dr, Temple, TX 76504
      View Details

    FAQs

    What type of property is this?
    Land - 0.9439 acre lot zoned SF-2 in Temple, TX.
    Where is this land located?
    The property is located at 1945 S Pea Ridge Rd, Unit 12 Temple, TX.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Zoned SF-2, allowing for multiple duplexes for rental income or profitable projects.; - Located in Belton ISD.; - Close proximity to shopping, dining, and major conveniences.
    (254) 721-7602
    Request Owner's contact information
    1945 S Pea Ridge Rd, Unit 12 Temple, TX 76502
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1945 S Pea Ridge Rd, Unit 12
    Temple, TX 76502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1945 S Pea Ridge Rd, Unit 12 Temple, TX 76502
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chrissy Kehrly
    Chrissy Kehrly
    Real Estate License ID: 0700386
    (254) 721-7602
    Learn more
    Google sign-in failed. Please try again or use another login method.