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

    308 Hilliard Rd Temple, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial land for rent with prominent visibility.

    Type:LAND
    Lot size:
    1.55 Acres
    Added:
    Sep 9, 2024
    Days on Market:
    593
    Last Refresh:
    Apr 5 at 8:39 pm

    Property Features for 308 Hilliard Rd

    General Information

    Standard status
    Active
    Lot size
    1.55 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 308 Hilliard Rd Contact us

    We can help!

    Listing Contact
    Gregory D. Davis
    Gregory D. Davis

    Listing agent Gregory D. Davis License #TX0511146

    Listing office DB Commercial, LLC

    Listing date Sep 9, 2024

    Source Moodyscre

    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 DB Commercial, LLC

    Overview

    Commercial Land Near Walmart

    This commercial land for rent is located across from Walmart and near Temple's Mega Sports Complex, offering prominent visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.4158
    Latitude
    31.1202

    Nearby Similar for Lease

    • $1,500/Mo

      Temple, TX Commercial Space

      Office, daycare, or retail space available for rent.
      311 N 2nd Street, Temple, TX 76501
      View Details
    • $1,500/Mo

      Spacious Commercial Property Available Now

      Commercial property with ample space in a prime location.
      101 S 25th Street, Temple, TX 76504
      View Details
    • $0.72 SF/Yr

      Downtown Temple Two-Story Office Building

      Two-story office building in downtown Temple available for rent.
      15 W Central Ave, Temple, TX
      View Details
    • $1.75 SF/Yr

      Retail Space Near Temple, Texas

      New construction retail space in West Temple, near Wal-Mart.
      7011 Tanglehead Dr, Temple, TX
      View Details
    • Contact for pricing

      Retail Space on 31st Street

      Retail space with high visibility in redeveloping area.
      114 North 31st Street, Temple, TX, 76504
      View Details
    • $1,250/Mo

      Temple Office Space Available

      Office space available for lease in Temple, Texas.
      1 E Central Ave, Temple, TX
      View Details
    • Contact for pricing

      Retail Space in Growing Corridor

      3,710 SF standalone building in shell condition for lease.
      5902 W ADAMS AVENUE, Temple, TX 76502
      View Details
    • $1.80 SF/Yr

      Office Space in Mixed-Use Development

      Office suites for lease in Temple, TX, available March 2026.
      5709 S 31st St, Temple, TX
      View Details
    • $9 SF/Yr

      Downtown Temple Office/Retail Space

      3,300 SF office/retail space in downtown Temple for lease.
      12 S 4th St, Temple, TX
      View Details
    • $1.85 SF/Yr

      Move-In Ready Office Suite

      Professional office park suite available for immediate occupancy.
      855 Canyon Creek Dr, Temple, TX
      View Details
    • $1.35 SF/Yr

      West Temple Retail/Office Space

      Highly visible retail or office space in West Temple, Texas.
      354 Green Hollow Dr, Temple, TX
      View Details
    • $1.15 SF/Yr

      Office Suite with Private Offices

      Office suite featuring private offices and reception area for rent.
      3513 SW H K Dodgen Loop, Temple, TX
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land for rent with prominent visibility.
    Where is this land located?
    The property is located at 308 Hilliard Rd Temple, TX.
    What are key features of this property?
    This property features: Across from WAL‑MART; Prominent VISIBILITY; Near Temple's MEGA SPORTS COMPLEX
    (254) 771-5959 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gregory D. Davis
    Gregory D. Davis
    Real Estate License ID: TX0511146
    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!