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

    20474 Fm 940 Rogers, TX 76514

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10.134-acre unrestricted tract with approved RV park plans.

    Lot size:
    10.13 Acres

    Property Features for 20474 Fm 940

    General Information

    Standard status
    Active
    Lot size
    10.13 Acres

    We can help!

    Listing Contact
    Trent Babb
    Trent Babb
    Source: Crexi

    Listing Agency: Ranch Roads Realty Listing Agent: Trent Babb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Unrestricted Land Approved for RV

    This 10.134-acre unrestricted tract is located in Rogers, TX, Bell County. The site has fully approved RV park and Tiny Home plans for at least 27 spaces, and the number of RV pads can be increased. Utilities are already in place, including a 3" public water line installed and available electricity. The property has approved access to FM 940 from TXDOT. It is located just 20 minutes from Temple and Belton, positioned between Hwy 36 and Hwy 53, with direct access to workforce hubs and the I-14 growth corridor. The zoning is unrestricted, allowing for commercial, Tiny Home, or residential use. Bell County is a major solar and energy corridor with consistent workforce housing demand. RV parks in the area achieve $485+ monthly rents, and Tiny Homes in the area achieve $900+ monthly rents, supported by contractors and employers. Workforce housing demand remains recession-resistant. The region is anchored by the I-14 corridor expansion and Amazon’s new distribution center at I-35/I-14.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Rogers
    County
    Bell
    State
    Texas
    Longitude
    -97.14044
    Latitude
    30.997683

    Nearby Similar for Sale

    • $399,000
      10.13 Acres

      Unrestricted Land Ready for Development

      10.134-acre tract with approved RV plans near Temple and Belton.
      20474 Fm 940, Rogers, TX 76569
      View Details
    • $399,999
      10.13 Acres

      Unrestricted Land Ready for Development

      10.134-acre tract with approved RV plans near Temple and Belton.
      20474 Fm 940, Rogers, TX 76569
      View Details
    • $180,000

      Downtown Rogers Retail/Residential Opportunity

      Unique 900 sqft building suitable for retail or residential use.
      8 W Mesquite Ave, Rogers, TX 76569
      View Details
    • $180,000

      Downtown Rogers Retail Opportunity

      Unique 900 SF property suitable for retail or residential use.
      8 W Mesquite Ave, Rogers, TX 76569
      View Details
    • $375,000
      11,953 SF

      Retail Building on 0.48 Acres

      Retail building with newly built apartment on 0.48 acres.
      Prairie Ave, Rogers, TX 76569
      View Details
    • $595,000
      753,065 SF

      Prime Rogers, TX Flex Building

      15,675 SF Flex Space - Hwy 190
      16999 E US Highway 190, Rogers, TX 76959
      View Details
    • $895,000
      15,600 SF

      Rogers, TX Mixed-Use Investment

      High-Income Potential, Hwy 190
      16999 Us Hwy 190 Hwy, Rogers, TX 76569
      View Details
    • $595,000
      17.29 Acres

      17-Acre Ranch Near Temple, TX

      Prime investment land, Hwy 190 frontage.
      U.s 190 Tbd 16999, Rogers, TX 76569
      View Details
    • $129,900
      0.16 Acres

      Rogers, TX Commercial Lot

      High-traffic corner lot, build your dream!
      Tbd Hwy 36 Ave, Rogers, TX 76569
      View Details

    FAQs

    What type of property is this?
    Land - 10.134-acre unrestricted tract with approved RV park plans.
    Where is this land located?
    The property is located at 20474 Fm 940 Rogers, TX.
    What are key features of this property?
    This property features: - County-approved RV park plans for 27+ spaces (expandable) and Tiny Home plans on 10.134 unrestricted acres.; - Utilities already in place: 3” public water line installed, electric available.; - Located in Bell County, a major solar and energy corridor with high workforce housing demand.
    Request Owner's contact information
    20474 Fm 940 Rogers, TX 76514
    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.
    20474 Fm 940
    Rogers, TX 76514
    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
    20474 Fm 940 Rogers, TX 76514
    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
    Trent Babb
    Trent Babb
    Real Estate License ID: 0685430
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!