Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    3351 Lowes Dr Temple, TX 76502

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

    Current Use by Public Records

    • Land

    Property Details for 3351 Lowes Dr

    Lot size
    19.16 lot acres
    Property type
    Land

    Description

    This exceptional 19.159-acre commercial land parcel presents a remarkable development opportunity in Temple, Texas. Strategically located on Lowes Drive, the property boasts a General Retail (GR) and MultiFamily (MF-2) zoning designation, opening doors to a diverse range of development possibilities. Its prime location on the south side of Temple places it within close proximity to key institutions and amenities, including Baylor Scott & White, the VA Hospital, Temple College, Texas A&M College of Medicine, and the bustling retail district on 31st Street. The surrounding area is experiencing significant growth, with new residential developments and the recently constructed Encore apartments situated nearby. Families are drawn to the area's convenient access to Raye-Allen Elementary School, Friar's Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course. This makes the property highly attractive for retail establishments, neighborhood stores, or office spaces catering to the growing community. The property's address is 3351 Lowes Dr, Temple, TX 76502, in Bell County. This is a rare opportunity to acquire a substantial land holding in a thriving Texas city with exceptional potential for future development and strong returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.365
    Latitude
    31.0664

    Comparable in this City

    • Value Estimation by Request
      64.39 Acres

      7095 General Bruce Dr

      Land • 64.39 Acres
      7095 General Bruce Dr, Temple, TX 76502
      View Details
    • Value Estimation by Request
      8.54 Acres

      6070 State Highway 95

      Individual retail properties • 8.54 Acres
      6070 State Highway 95, Temple, TX 76502
      View Details
    • Value Estimation by Request
      4.20 Acres

      Lowes Dr

      Retail properties • 182,952 SF
      0 Lowes Dr, Temple, TX 76502
      View Details
    • Value Estimation by Request
      5.41 Acres

      7040 Stonehollow Dr

      Land • 235,660 SF
      7040 Stonehollow Dr, Temple, TX 76502
      View Details
    • Value Estimation by Request
      4.00 Acres

      121 Kegley Rd

      Land • 4.00 Acres
      121 Kegley Rd, Temple, TX 76502
      View Details
    • Value Estimation by Request
      2.39 Acres

      6742 Adams Ave

      Land • 2.39 Acres
      6742 Adams Ave, Temple, TX 76502
      View Details

    Similar Nearby for Sale

    • $329,000
      1.26 Acres

      Temple Commercial Land - 1.26 Acres

      Prime Commercial Land, South Temple, TX
      1011 Azalea Dr, Temple, TX 76502
      View Details
    • $470,448
      0.72 Acres

      Prime Temple, TX Commercial Land

      .72 Acres, High-Traffic Location
      63 Bright Ln, Temple, TX 76502
      View Details
    • Contact for pricing
      5.41 Acres

      Temple, TX Development Site

      5.41 Acres, Retail-Ready, High Visibility
      7040 Stonehollow Dr, Temple, TX 76502
      View Details
    • $182,342
      0.64 Acres

      Temple Retail/Office Land Plat

      Prime 0.64-acre commercial lot in Temple, TX
      555 Canyon Creek Dr, Temple, TX 76502
      View Details
    • $1,497,157
      2.30 Acres

      Temple, TX Commercial Land

      Prime commercial lots, high traffic area.
      0 5Th St, Temple, TX 76502
      View Details
    • Contact for pricing
      64.39 Acres

      Temple I-35 Commercial Land

      64 Acres, Prime Retail Location
      7095 General Bruce Dr, Temple, TX 76502
      View Details

    Similar Nearby for Lease

    • $0.95 SF/Yr
      57,804 SF

      Prime Temple Retail Land

      1.33-acre commercial lot, ideal retail.
      254 Hilliard Rd, Temple, TX 76502
      View Details
    • Contact for pricing
      43,124 SF

      Temple Retail & Office Opportunity

      Prime Temple location, single-tenant retail/office.
      5573 Kegley Place Ln, Temple, TX 76502
      View Details
    • $12 SF/Yr
      32,234 SF

      Temple I-14 Corner Land Lease

      High-traffic 0.74-acre commercial land
      1901 H K Dodgen Loop, Temple, TX 76502
      View Details
    • $6,307 /Mo

      Prime Temple ETJ Commercial Land

      2.65 Acres, Two Houses, Owner Financing
      8926 Witter Ln, Temple, TX 76502
      View Details
    • Contact for pricing

      Land for Rent Near IH-35

      Convenient land with architectural restrictions and easy highway access.
      5643 Kegley Place Ln, Temple, TX 76502
      View Details
    • Contact for pricing
      108,900 SF

      Temple Retail Land Opportunity

      2.5 Acres, Prime Retail Location
      4863 31St St, Temple, TX 76502
      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.
    3351 Lowes Dr
    Temple, TX 76502
    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.