Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5450 General Bruce Dr Temple, TX 76501

    Sponsored
    For Sale
    Contact for pricing

    20-Acre Vacant Lot, I-35 Corridor

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 20.33-acre vacant lot presents a prime investment opportunity in Temple, Texas. Ideally situated off I-35 and General Bruce Drive, this Light Industrial zoned property offers unparalleled access to major transportation arteries, placing it within easy reach of both Austin and Dallas. The property's location just over half a mile north of H K Dodgen Loop (363) and west of the Temple Industrial Park provides proximity to established businesses including Walmart and HEB Distribution, McLane, Wilsonart, and Performance Food Group. The Light Industrial zoning, approved by the City Council on March 3, 2022, falls within Temple's I-35 Overlay District, requiring future development to adhere to established standards. The property's location is designated as Regional Commercial Future Development in Temple's 2020 Comprehensive Plan, targeting businesses needing high traffic volume and highway visibility. Essential utilities are readily available, with a 21-inch sewer line and a 12-inch water line located approximately 609 feet south of the property. While the 20.33 acres may necessitate a subdivision plat, this presents a unique chance to develop a significant industrial or flex space project in a thriving Texas market. The APN is 79043. This property is offered for sale by owner and is currently vacant.

    Property Features for 5450 General Bruce Dr

    General Information

    Property type
    Flex space
    Lot Size
    885,575 SF

    We can help!

    Listing Contact
    Lloyd Thomas
    Lloyd Thomas

    Learn more

    HighLights

    • 20.33‑acre vacant lot in Temple, TX.
    • Light Industrial zoning, approved March 3, 2022.
    • Prime I‑35 location near major transportation arteries, offering easy access to Austin and Dallas.
    • Proximity to established businesses and major retailers.
    • Utilities readily available.
    • Regional Commercial Future Development designation in Temple's 2020 Comprehensive Plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Storage Facility Cafe & Coffee Shop Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.3273393
    Latitude
    31.1494199

    Nearby Similar for Sale

    • $350,000
      2,632 SF

      Spacious Duplex in Temple, TX

      Well-maintained duplex with 3-bedroom units, fenced yards, and garages.
      4415 Brutus Ln, Temple, TX 76502
      View Details
    • $239,000
      1,898 SF

      Income-Producing Duplex Near Downtown Temple

      Charming duplex near downtown, hospital, college, and I-35.
      1310 S 21St St, Temple, TX 76504
      View Details
    • $239,000
      0.16 Acres

      Income-Producing Duplex Near Downtown Temple

      Charming duplex near downtown, hospital, college, and I-35.
      1310 S 21St St, Temple, TX 76504
      View Details
    • New
      $550,000
      36.00 Acres

      Scenic Ranch Property in Temple

      36-acre ranch in Bell County with recreational and homesite potential.
      4480 Cen Tex Loop, Temple, TX 76501
      View Details
    • $260,000
      3,498 SF

      Versatile Commercial Property in Temple, TX

      Commercial property with warehouse functionality and retail visibility in Temple.
      605 S Martin Luther King Blvd, Temple, TX 76504
      View Details
    • $375,000
      2,710 SF

      New Duplex in Temple, TX

      New construction duplex with modern finishes, ideal for investors.
      905 S Martin Luther King Jr Dr, Temple, TX 76504
      View Details
    • New
      $239,900
      1,537 SF

      Turnkey Duplex with Value-Add Potential

      Duplex with renovated unit and value-add opportunity near I-35.
      2109 Avenue B W, Temple, TX 76504
      View Details
    • $305,000
      1,252 SF

      Temple Duplex: Investment Opportunity

      Well-maintained duplex near Temple College, ideal for rental income.
      2701 Valley Forge Ave, Temple, TX 76504
      View Details
    • $225,000
      3,600 SF

      Versatile Commercial Space in Temple

      Prime commercial property with retail storefront and warehouse space.
      14 N 10Th St, Temple, TX 76501
      View Details
    • New
      $350,000
      1,765 SF

      Remodeled Mixed-Use Property in Temple

      Remodeled mixed-use property on a corner lot in high-traffic area.
      319 S 31St St, Temple, TX 76504
      View Details
    • $320,000
      2,362 SF

      Remodeled Duplex in Temple, Texas

      Remodeled duplex with income potential near downtown Temple.
      518 N 8Th St, Temple, TX 76501
      View Details
    • New
      $245,750
      1,869 SF

      Updated Duplex Near Baylor Scott

      Updated duplex near Baylor Scott and White, ideal for investors.
      2918 Antelope Trl, Temple, TX 76504
      View Details

    FAQs

    What type of property is this?
    Flex space - 20-Acre Vacant Lot, I-35 Corridor
    Where is this flex space located?
    The property is located at 5450 General Bruce Dr Temple, TX.
    What are key features of this property?
    This property features: 20.33-acre vacant lot in Temple, TX.; Light Industrial zoning, approved March 3, 2022.; Prime I-35 location near major transportation arteries, offering easy access to Austin and Dallas.
    Request Owner's contact information
    5450 General Bruce Dr Temple, TX 76501
    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.
    5450 General Bruce Dr
    Temple, TX 76501
    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
    5450 General Bruce Dr Temple, TX 76501
    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
    Lloyd Thomas
    Lloyd Thomas
    Real Estate License ID: TX 203913
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.