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    Property profile & analytics

    1513 Valley Mills Dr Beverly Hills, TX 76711

    • Retail properties & Spaces
    • 11,280 SF
    • 1.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1513 Valley Mills Dr

    Lot size
    1.46 lot acres
    Property size
    11,280 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Beverly Hills
    County
    McLennan
    State
    Texas
    Longitude
    -97.1426
    Latitude
    31.525

    Comparable in this City

    • Value Estimation by Request
      1,792 SF

      1723 Valley Mills Dr

      Restaurants • 1,792 SF
      1723 Valley Mills Dr, Waco, TX 76711
      View Details
    • Value Estimation by Request
      1.23 Acres

      2301 New Rd

      Restaurants • 1.23 Acres
      2301 New Rd, Waco, TX 76711
      View Details
    • Value Estimation by Request
      45.00 Acres

      2300 New Rd

      Land • 45.00 Acres
      2300 New Rd, Waco, TX 76711
      View Details
    • Value Estimation by Request
      2,224 SF

      2324 Market Place Dr

      Lifestyle centers • 2,224 SF
      2324 Market Place Dr, Waco, TX 76711
      View Details
    • Value Estimation by Request
      3.08 Acres

      914 Valley Mills Dr

      Land • 3.08 Acres
      914 Valley Mills Dr, Waco, TX 76711
      View Details
    • Value Estimation by Request
      0.96 Acres

      New Rd

      Land • 0.96 Acres
      0 New Rd, Waco, TX 76711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      45.00 Acres

      Waco Retail Land - 45 Acres

      Prime Waco location, high-density zoning, development potential.
      2300 New Rd, Waco, TX 76711
      View Details
    • $1,234,316
      1.23 Acres

      Waco Retail Land - Prime Location

      High-traffic, 1.23 acres, C2 zoning.
      2301 New Rd, Waco, TX 76711
      View Details
    • Contact for pricing
      6 SF

      High-Visibility Retail/Industrial Space Available

      6,075 SF commercial space in high-traffic area, flexible floor plan.
      1712 S Valley Mills Dr, Waco, TX 76711
      View Details
    • $2,675,000
      4,036 SF

      Waco Retail Center - High Traffic

      Prime retail space, I-35 access, Starbucks lease.
      2609 Jack Kultgen Expy, Waco, TX 76711
      View Details
    • $2,675,000
      4,036 SF

      2609 Jack Kultgen Expy

      Retail properties & Spaces • 4,036 SF
      2609 Jack Kultgen Expy, Waco, TX 76711
      View Details
    • Contact for pricing

      Land Available in Waco, Texas

      Land for sale at 4800 Bagby Ave, Waco, TX.
      4800 Bagby Ave, Waco, TX 76711
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,269 SF

      Retail Space with High Visibility

      Retail space for rent with high traffic and visibility.
      1025 N Valley Mills Dr, Waco, TX 76711
      View Details
    • Contact for pricing
      1,792 SF

      Waco Retail Outparcel Investment

      Prime Waco location, drive-thru ready.
      1723 Valley Mills Dr, Waco, TX 76711
      View Details
    • Contact for pricing
      2,224 SF

      Waco Retail Space: Prime Location

      High-visibility retail space in Waco, TX.
      2324 Market Place Dr, Waco, TX 76711
      View Details
    • $16 SF/Yr
      3,854 SF

      Retail or Office Space Available

      Retail or office space with high visibility and parking.
      718-722 N Valley Mills Dr, Waco, TX 76711
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space Near Amazon Center

      Retail space adjacent to Central Texas Marketplace and Amazon distribution.
      2316 Loop 340 W, Waco, TX 76711
      View Details
    • Contact for pricing
      5,421 SF

      Waco Restaurant or Retail Space

      Restaurant or retail property for lease in Waco, Texas.
      614 N Valley Mills Dr, Waco, TX 76711
      View Details
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    1513 Valley Mills Dr
    Beverly Hills, TX 76711
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    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
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