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

    231 Dillard Road Belton, TX 76513

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,499,900

    43.492 acres with highway frontage and high traffic volume.

    Type:V
    Lot size:
    43.49 Acres
    Added:
    Jun 24, 2025
    Days on Market:
    289
    Last Refresh:
    Apr 3 at 4:59 am

    Property Features for 231 Dillard Road

    General Information

    Standard status
    Active
    Lot size
    43.49 Acres
    Property subtype
    V

    We can help!

    Listing Contact
    Brad Harrell, CCIM
    Brad Harrell, CCIM

    Listing agent Brad Harrell, CCIM License #363789

    Listing office Onward Team at KW Commercial

    Listing date Jun 24, 2025

    Source Realnex

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

    All listing content including descriptions, pricing, images are the copyrighted material of Onward Team at KW Commercial

    Overview

    Belton ETJ Prime Commercial Land

    This commercial property encompasses 43.492 acres (1,894,511.52 SF) in the Belton ETJ area. The lot features frontage on three sides: approximately 1,511 feet on Dillard Road, approximately 1,590 feet on Amity School Road, and approximately 1,772 feet on Interstate Highway 35, providing visibility and accessibility. The property is zoned Commercial Highway, allowing for varied potential uses. Access to the highway is convenient, and the daily traffic count exceeded 76,000 vehicles per day in 2022, according to TxDOT projections.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Auto Repair Shop Big Box & Wholesale Store Storage Facility Kitchen & Bath Showroom Furniture & Home Goods Car Rental Facility Clothing & Fashion Store Plumbing Service Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Belton
    County
    Bell
    State
    Texas
    Longitude
    -97.50463
    Latitude
    30.987583

    Nearby Similar for Sale

    • $699,000
      5,000 SF

      Versatile Commercial Building in Belton, TX

      5,000+ sq ft flex building near I-14 and I-35.
      1544 Jackrabbit Road, Belton, TX 76513
      View Details
    • $980,000
      4,596 SF

      Versatile Commercial Building on 1.16 Acres

      Commercial building on 1.16 acres with expansion potential.
      625 Kennedy Court, Belton, TX 76513
      View Details
    • $369,000
      1,581 SF

      Belton Commercial Property Near IH 35

      Commercial property with potential for hotel, office, retail, or light industrial.
      1915 & 1925 S Wall Street, Belton, TX 76513
      View Details
    • $1,150,000
      2,494 SF

      High-Visibility Mixed-Use Opportunity on SH 317

      Mixed-use property with high visibility and redevelopment potential.
      4916 State Highway 317, Belton, TX 76513
      View Details
    • $425,000

      Belton, TX Commercial Land

      2.755 acres near Lake Belton High School.
      10627 Fm 2483, Belton, TX 76513
      View Details
    • $690,208

      Belton, TX Commercial Land

      3.169+/- acres of commercial land in Belton, Texas.
      FM2410, Belton, TX 76513
      View Details
    • $549,000

      Belton, TX Land Opportunity

      2.99 acres of highly visible land on W Loop 121.
      901 Loop 121 lot: 2, Belton, TX 76513
      View Details
    • $849,900
      2,661 SF

      Turn-Key Equine Facility in Belton

      Equine facility with trainer's barn, comfortable home, and efficient layout.
      2700 AUCTION BARN, Belton, TX 76513
      View Details
    • $333,887

      Commercial Land FM 2410

      1.515 acre commercial land for sale in Belton, Texas.
      FM 2410, Belton, TX 76513
      View Details
    • $379,000
      1,890 SF

      Belton Commercial Property For Sale

      Commercial property in Belton, Texas, with easy highway access.
      619 N Main Street, Belton, TX 76513
      View Details
    • $259,000
      624 SF

      Updated Commercial Space Near Downtown

      Updated commercial space near downtown Belton, suitable for retail/office.
      620 E 6th Avenue, Belton, TX 76513
      View Details
    • $250,000

      Belton, TX Land For Sale

      Land available in Belton, Texas, Bell County.
      1507 Holland Road lot: 2, Belton, TX 76513
      View Details

    FAQs

    What type of property is this?
    Commercial land - 43.492 acres with highway frontage and high traffic volume.
    Where is this commercial land located?
    The property is located at 231 Dillard Road Belton, TX.
    What is the asking price?
    The asking price for this property is $4,499,900.
    What are key features of this property?
    This property features: 43.492 acres of prime commercial real estate in Belton ETJ.; Zoned Commercial Highway for maximum flexibility.; High visibility with frontage on three sides: Dillard Road, Amity School Road, and Interstate Highway 35.
    (254) 749-7551
    We can help!
    Listing Contact
    Brad Harrell, CCIM
    Brad Harrell, CCIM
    Real Estate License ID: 363789
    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!