55 Acres Investment
For Sale
Contact for pricing
6055 Dogridge Rd, Belton, TX 76513
55 acres near I-14, Belton, TX, with metal building.
Property Size10,000 SF
Lot Size55.00 Acres
Price / SF$250
Days on Market1345
Property Features for 6055 Dogridge Rd
General Information
Standard status
Active
Size
10,000 SF
Lot size
55.00 Acres
Property subtype
Land
Listing Agency:
First Texas
Listed By:
Ryan Hodge · License #0470284
(254) 947-5577
Source:
Crexi
Added: Jan 4, 2023
Changed: Sep 7
Last Checked: Sep 9 at 6:33AM
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 First Texas
Investment Insights
Based on property information with market context.
This property consists of approximately 55 acres situated centrally to Belton and Killeen/Harker Heights, with convenient access just off Interstate I-14. The site is suitable for various investment opportunities, including mini storage and RV facilities. A 10,000 sqft metal building is located on the property.
Key Highlights
- 1.55 acres centrally located to Belton and Killeen/Harker Heights.
- Located just off Interstate I‑14.
- 10,000 sqft metal building.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,736
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,854,720
$1.9M
Cap Rate 7%
$1,324,800
$1.3M
Cap Rate 9%
$1,030,400
$1.0M
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$144.0K $14.40/SF
− Vacancy
−$11.5K −$1.15/SF
EGI
$132.5K $13.25/SF
− OpEx
−$39.7K −$3.97/SF
NOI
$92.7K $9.27/SF
Area
Bell County, TX
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,854,720
Cap Rate 7%
$1,324,800
Cap Rate 9%
$1,030,400
Alternative Uses
Best Use
Apartment 5plus
$102.30M
$89.52M – $119.35M
NOI $7,161,264 @ 7.0% cap · market cap 286.45%
Second Best
Self Storage
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 3.71%
Theoretical Best
Multifamily LT 5
$111.64M
$97.68M – $130.24M
NOI $7,814,520 @ 7.0% cap · market cap 312.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 76513, TX
43,698
Population
16,004
Households
2.7
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
108.3 sq mi
ZIP Area
403
Density / Sq Mi
$82,366
Median Household Income
$38,428
Median Earnings
$1,216
Median Rent
$260,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 55 acres near I-14, Belton, TX, with metal building.
Where is this land located?
The property is located at 6055 Dogridge Rd Belton, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1.55 acres centrally located to Belton and Killeen/Harker Heights.; Located just off Interstate I‑14.; 10,000 sqft metal building.
