Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Tbd Depot Circle McGregor, TX 76657

    View on Map
    For Sale
    $135,900

    Unimproved Land - McGregor, TX

    Type:Unimproved Land
    Lot size:
    0.41 Acres
    Added:
    Dec 1, 2025
    Days on Market:
    124
    Last Refresh:
    Apr 4 at 3:06 am

    Property Features for Tbd Depot Circle

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    413671
    Lot size
    0.41 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joslyn Horn

    Listing agent Joslyn Horn License #740149

    Listing office Camille Johnson 104 Midway Center, Waco, TX

    Listing date Dec 1, 2025

    MLS# 21121356 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Cotton Belt

    This property is located within Cotton Belt Crossing, a new community that offers space and freedom. The expansive lots provide ample room to build a home without the restrictions of a Home Owners Association. Deed restrictions require a minimum of 2,200 square feet for each home, ensuring a cohesive neighborhood aesthetic. Residents can enjoy direct access to scenic walking trails and a future community park, bringing recreation to the doorstep. Families will appreciate the location within Midway Independent School District, including access to South Bosque Elementary. The property is 0.41 acres. It is located in McGregor, Texas, with the postal code 76657, in McLennan County.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    McGregor
    County
    McLennan
    State
    Texas
    Longitude
    -97.3939
    Latitude
    31.434

    Nearby Similar for Sale

    • $495,000

      Commercial/Office Building in McGregor, TX

      Well-maintained commercial/office building with climate-controlled storage and roll-up doors.
      365 Val Verde Road, McGregor, TX 76657
      View Details
    • $175,000

      Land Available in McGregor, Texas

      1.01 acres of unimproved land with highway visibility.
      Tbd W McGregor Drive, McGregor, TX 76657
      View Details
    • $105,500

      Land for Texas Living

      Spacious lots for custom homes in Midway ISD.
      Lot 6 Cotton Belt, McGregor, TX 76657
      View Details
    • $2,400,000

      112 Acres Development Opportunity, McGregor

      Prime land for residential development in McGregor, Texas.
      Tbd N Lone Star Parkway, McGregor, TX 76657
      View Details
    • $284,900

      Spacious Land Tract in McGregor

      Premier country living in Midway ISD with modern conveniences.
      Lot 12 Cotton Belt, McGregor, TX 76657
      View Details
    • $284,900

      Spacious Land Tract in McGregor, TX

      Premier country living: 10-acre tracts available in Midway ISD.
      Lot 11 Cotton Belt, McGregor, TX 76657
      View Details
    • $284,900

      Spacious Land Tract in McGregor

      Premier country living: 10-acre tract in Midway ISD.
      Lot 9 Cotton Belt, McGregor, TX 76657
      View Details
    • $284,900

      Spacious Land Tract in McGregor, TX

      Premier country living: 10-acre tracts available in Midway ISD.
      Lot 13 Cotton Belt, McGregor, TX 76657
      View Details
    • $55,000

      Commercial Land in Growing Area

      0.27-acre lot ideal for commercial development in McGregor, TX.
      Tbd Mcgregor Drive, McGregor, TX 76657
      View Details
    • $284,900

      Spacious Land Tract in McGregor, TX

      Premier country living: 10-acre tracts available in Midway ISD.
      Lot 7 Cotton Belt, McGregor, TX 76657
      View Details
    • $284,900

      Land for Texas-Style Home

      Spacious land for building a classic Texas dream home.
      Lot 8 Cotton Belt, McGregor, TX 76657
      View Details
    • $502,000

      23-Acre Land Tract in McGregor, TX

      23-acre tract with creek frontage, utilities, and development potential.
      Lot 1 Tbd 23+/- Ac. New Windsor Parkway, McGregor, TX 76657
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land in a new community with walking trails.
    Where is this land located?
    The property is located at Tbd Depot Circle McGregor, TX.
    What is the asking price?
    The asking price for this property is $135,900.
    What are key features of this property?
    This property features: Expansive lots provide ample space to build a custom home; No HOA restrictions offer freedom and flexibility; Located in the highly‑regarded Midway ISD, including South Bosque Elementary
    (254) 405-6162
    We can help!
    Listing Contact
    Joslyn Horn
    Real Estate License ID: 740149
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!