Prime Temple, TX commercial land, ideal for retail or office development.
Description
Added:
Dec 11, 2024
Days on Market:
363
This exceptional investment opportunity encompasses 2.496 acres of platted land in Temple, Texas, zoned GR-PD. The property boasts excellent visibility and accessibility, situated along Canyon Creek Drive. Its strategic location offers unparalleled convenience, with close proximity to major retail establishments including Baylor Scott & White Main Hospital, the VA Hospital, Temple College, HEB, Kohls, Pier One, Bealls, Tuesday Morning, Temple Mall, Walmart, Sam's Club, Academy, Walgreens, Sonic, Chick-Fil-A, Aldi, McDonald's, and Ignite Learning Academy. The three parcels (APN 516810, 516811, 516812) present a rare chance to develop in a high-traffic area with established infrastructure. The asking price is $706,717. This property is perfectly positioned to capitalize on the thriving commercial landscape of Temple, offering significant potential for future growth and return on investment. The address is 511-633 Canyon Creek Drive, Temple, Texas, 76502.
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511-633 Canyon Creek Dr Temple, TX 76502
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Realmo Value Estimation
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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.
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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.
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.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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511-633 Canyon Creek Dr Temple, TX 76502
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511-633 Canyon Creek Dr, Temple, TX
Gregory Davis
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