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

    Alfred Dr Copperas Cove, TX 76522

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Alfred Dr

    Property type
    Land

    Description

    This exceptional 57.496-acre property in Copperas Cove, Texas, presents a remarkable investment opportunity. Ideally situated between Business 190 and Highway 190, this rectangular parcel enjoys a prime location near the heart of Copperas Cove. Surrounded by established single-family residential neighborhoods on all sides, this land offers unparalleled access to local amenities. Less than a mile from Copperas Cove High School, Junior High, two elementary schools, and the city's commercial district, this location is highly desirable. The property itself is heavily wooded, featuring an east-to-west sloping elevation. Its dimensions are impressive, measuring over 3,000 feet north to south and ranging from 700 to 1900 feet wide. Convenient access is provided by two existing entrances: one from Alfred Street to the north and another from Leonard Street to the east, with potential for a third entrance from Highland Drive to the south. City water and sewer services are available. The property's 2023 annual property taxes were approximately $3,300. This land is zoned R (Residential) and is part of the Copperas Cove ISD. The APN is 103949. This is a rare opportunity to acquire a substantial tract of land in a thriving Texas community. The asking price is $799,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Copperas Cove
    County
    Coryell
    State
    Texas
    Longitude
    -97.8979
    Latitude
    31.1151

    Comparable in this City

    • Value Estimation by Request
      33.40 Acres

      116 At Courtney Ln & Lutheran Church Rd

      Land • 33.40 Acres
      116 At Courtney Ln & Lutheran Church Rd, Copperas Cove, TX 76522
      View Details
    • Value Estimation by Request
      8.50 Acres

      190 Tbd Us Hwy

      Land • 8.50 Acres
      190 Tbd Us Hwy, Copperas Cove, TX 76522
      View Details
    • Value Estimation by Request
      51.70 Acres

      2315 Business Hwy

      Land • 51.70 Acres
      2315 Business Hwy, Copperas Cove, TX 76522
      View Details
    • Value Estimation by Request

      Avenue D

      Land
      0 Avenue D, Copperas Cove, TX 76522
      View Details
    • Value Estimation by Request
      104.00 Acres

      Bradford Dr

      Land • 104.00 Acres
      0 Bradford Dr, Copperas Cove, TX 76522
      View Details
    • Value Estimation by Request
      76.00 Acres

      Deer Flat Dr

      Land • 76.00 Acres
      0 Deer Flat Dr, Copperas Cove, TX 76522
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33.40 Acres

      Copperas Cove Commercial Land

      33.4 Acres, Prime Location, High Potential
      116 At Courtney Ln & Lutheran Church Rd, Copperas Cove, TX 76522
      View Details
    • $1,750,000
      51.70 Acres

      Copperas Cove Residential Land

      51.7 Acres, Prime Location
      2315 Business Hwy 190, Copperas Cove, TX 76522
      View Details
    • $1,925,000
      111.06 Acres

      Prime 111-Acre Texas Ranch

      Picturesque farmland, stunning views, abundant wildlife.
      1817 Lutheran Church Rd, Copperas Cove, TX 76522
      View Details
    • $697,000

      Land For Sale

      Land available for sale in Copperas Cove, Texas.
      1007 Kate St, Copperas Cove, TX 76522
      View Details
    • $195,000
      11.28 Acres

      11.28 Acres in Copperas Cove

      11.28-acre parcel in the middle of town.
      Virginia Ave, Copperas Cove, TX 76522
      View Details
    • $224,900

      10 Acres of Country Land

      Unimproved 10-acre land perfect for homesite or ranch.
      000 Lindorbet Rd, Copperas Cove, TX 76522
      View Details

    Similar Nearby for Lease

    • $875 /Mo

      Spacious Apartment in Copperas Cove

      Three-bedroom, two-bathroom apartment with chainlink fence in Copperas Cove.
      612 Sunset Ln, Copperas Cove, TX 76522
      View Details
    • Contact for pricing
      5,458 SF

      Copperas Cove Retail Suites

      Modern Salons, 110-1633 sqft Available
      2705 Business 190, Copperas Cove, TX 76522
      View Details
    • $750 /Mo
      1,638 SF

      Downtown Copperas Cove Office Space

      Prime office space for rent in downtown Copperas Cove.
      508 S Main St, Copperas Cove, TX 76522
      View Details
    • Contact for pricing
      600 SF

      Retail Space Near Fort Hood

      Retail space available near Fort Hood Army Base.
      96-132 Cove Terrace Shopping Ctr, Copperas Cove, TX 76522
      View Details
    • $1,921 /Mo
      1,200 SF

      Retail Space For Rent

      Retail space available for lease in Copperas Cove, TX.
      1539 E Business 190, Copperas Cove, TX 76522
      View Details
    • $12 SF/Yr
      4,710 SF

      Copperas Cove Retail Space For Lease

      Highway 190 Retail Opportunity: 2,160 sq ft available
      2308 Highway Ave, Copperas Cove, TX 76522
      View Details
    Request Owner's contact information
    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.
    Alfred Dr
    Copperas Cove, TX 76522
    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
    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

    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.