55 Acres Investment
6055 Dogridge Rd Belton, TX 76513
For Sale
Contact for pricing
55 acres near I-14, Belton, TX, with metal building.
Property Size10,000 SF
Lot Size55.00 Acres
Price / SF$250
Days on Market1299
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
(254) 947-5577
Listed By:
Ryan Hodge · License #0470284
Source:
Crexi
Added: Jan 4, 2023
Changed: Jul 6
Last Checked: Jul 25 at 12:27PM
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 For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.0k | $14.40 |
| − Vacancy | −$11.5k | −$1.15 |
| EGI | $132.5k | $13.25 |
| − OpEx | −$39.7k | −$3.97 |
| NOI | $92.7k | $9.27 |
10,000 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
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.
