Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Salado, TX Title is generated by Realmo AI

    2008 Botts Drive lot 24, Salado, TX 76571

    View on Map
    Claim this Listing
    For Sale
    $95,000

    LAND - Salado, TX

    Lot size:
    0.60 Acres
    Added:
    May 5, 2025
    Days on Market:
    398
    Last Refresh:
    Jun 6 at 3:06 am

    Property Features for 2008 Botts Drive lot 24

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    529326
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    MILL CREEK MEADOWS PHASE III, BLOCK 002, LOT 0024, ACRES 0.595

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Ryan Hodge
    Ryan Hodge

    Listing agent Ryan Hodge License #0470284

    Listing office First Texas Brokerage Company PO Box 297, TX

    Listing date May 5, 2025

    MLS# 578209 Listing URL

    Copyright © 2026 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.

    HighLights

    • Large homesites: Enjoy the freedom of 1/2 acre and larger lots, perfect for your custom home vision.
    • Custom home opportunity: Design and build a personalized home that perfectly fits your lifestyle.
    • Proximity to Salado: Just minutes away from the charming downtown Salado.
    • Access to amenities: Enjoy close proximity to Mill Creek Golf Course.
    • Salado ISD schools: Zoned for the highly regarded Salado Independent School District.
    • Convenient location: Easy access to Interstate 35 simplifies commuting and travel.

    Overview

    This property is located in Mill Creek Meadows Phase III and features homesites of 1/2 acre and larger, suitable for custom homes. It is situated minutes away from downtown Salado, Mill Creek Golf Course, Salado ISD Schools, and Interstate 35. The lot size is 0.595 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Salado
    County
    Bell
    State
    Texas
    Longitude
    -97.495857
    Latitude
    30.953432

    Nearby Similar for Sale

    • $1,500,000
      2,800 SF

      Salado Commercial Opportunity For Sale

      Commercial property in Salado with house and two barns.
      1039 Fm 2268, Salado, TX 76571
      View Details
    • $535,000
      480 SF

      Commercial Land Site with Cell Tower Lease

      1.04-acre commercial tract off FM 2268 with cell tower lease income through 2031, suitable for office or service development.
      889 Fm 2268, Salado, TX 76571
      View Details
    • $515,000
      2,121 SF

      Land in Growing Salado, TX

      Approximately 0.75 acres with potential for various uses.
      701 W Village Road, Salado, TX 76571
      View Details
    • $1,179,000
      1,384 SF

      Prime Salado Land For Sale

      13-acre tract in Salado, ideal for commercial or development.
      5935 Fm 2484, Salado, TX 76571
      View Details
    • $1,250,000
      3,295 SF

      Historic Salado Mixed-Use Investment Property

      Income-generating property in the heart of Salado's historic village.
      209 S Main Street, Salado, TX 76571
      View Details
    • $900,000
      446,925 SF

      Commercial Acreage on FM 2484

      10.26+- Acres on high traffic FM 2484 near IH-35.
      5542 Fm 2484, Salado, TX 76571
      View Details
    • $900,000
      2,080 SF

      Commercial Acreage on FM 2484

      10.26+- Acres on high traffic FM 2484 near IH-35.
      5542 Fm 2484, Salado, TX 76571
      View Details
    • $1,500,000

      Versatile Land in Salado, TX

      7.66 acres ideal for mixed-use, live-work, or commercial development.
      1039 Fm 2268, Salado, TX 76571
      View Details
    • $450,000

      Salado, TX Homesite Acreage

      5+ acre homesite in Salado, build your dream home.
      2682 Royal Street, Salado, TX 76571
      View Details
    • $199,000

      Prime Commercial Land Opportunity

      Commercial land near schools and I-35 in Salado, TX.
      TBD Lot 4 Thomas Arnold Road, Salado, TX 76571
      View Details
    • $750,000
      500 SF

      28 Acres in Salado, TX

      28 acres with creek, building, and utilities in Salado ISD.
      14450 FM 2843, Salado, TX 76571
      View Details
    • $325,000

      Wooded Ranch Land with Homesites

      10-acre wooded tract with elevated homesites and native oaks, suited for residential, ranch, hunting, or recreation.
      16350 F6 Cedar Valley Road, Salado, TX 76571
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesites ready for a custom home near downtown Salado.
    Where is this residential land & home lot located?
    The property is located at 2008 Botts Drive lot 24 Salado, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Large homesites: Enjoy the freedom of 1/2 acre and larger lots, perfect for your custom home vision.; Custom home opportunity: Design and build a personalized home that perfectly fits your lifestyle.; Proximity to Salado: Just minutes away from the charming downtown Salado.
    (254) 947-5577
    We can help!
    Listing Contact
    Ryan Hodge
    Ryan Hodge
    Real Estate License ID: 0470284
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2008 Botts Drive lot: 24, Salado, TX 76571
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!