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    84 Lorena Rd & Hwy McGregor, TX 76657
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    84 Lorena Rd & Hwy, McGregor, TX 76657

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    • Retail properties & Spaces
    • 199.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 84 Lorena Rd & Hwy

    Lot size
    199.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 199-acre mixed-use development in McGregor, Texas, presents a unique investment opportunity. Located at the intersection of Lorena Rd and Hwy 84, this property offers a diverse range of uses, including medical office, multifamily residential, and retail spaces. The site's strategic location provides convenient access to Hwy 6 and I-35, ensuring excellent connectivity for residents and businesses. The planned community design emphasizes walkability, with easy access to daily necessities. This pedestrian-friendly environment fosters a vibrant lifestyle, complemented by nearby amenities such as a regional city park, a two-mile hike and bike trail, and the Bear Ridge Golf Course. The development's direct connection to 1,500 homes creates a built-in customer base for retail and medical services. This expansive property offers significant potential for developers seeking to create a thriving community hub in a rapidly growing area of McLennan County, Texas, with the 76657 zip code. The property's zoning allows for a variety of uses, making it an ideal investment for those seeking a diverse portfolio. The combination of medical, multifamily, and retail components provides a balanced and resilient investment opportunity. This is a rare chance to acquire a large-scale development site with exceptional access and a strong foundation for long-term growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McGregor
    County
    McLennan
    State
    Texas
    Longitude
    -97.4009
    Latitude
    31.4471

    Comparable in this City

    • Value Estimation by Request
      5,606 SF

      215 Mcgregor Dr

      Retail properties & Spaces
      215 Mcgregor Dr, McGregor, TX 76657
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    • Value Estimation by Request
      51,562 SF

      1101 Johnson Dr

      Land
      1101 Johnson Dr, McGregor, TX 76657
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    • Value Estimation by Request
      15.90 Acres

      Hwy 84 Hwy

      Office Spaces
      Hwy 84 Hwy, McGregor, TX 76657
      View Details
    • Value Estimation by Request
      5,606 SF

      215 Mcgregor Dr

      Office Units
      215 Mcgregor Dr, McGregor, TX 76657
      View Details
    • Value Estimation by Request
      88.74 Acres

      27300 Hwy

      Land
      27300 Hwy, McGregor, TX 76657
      View Details
    • Value Estimation by Request
      88.74 Acres

      27300 Us-84

      Land
      27300 Us-84, McGregor, TX 76657
      View Details

    Similar Nearby for Sale

    • $400,000

      Corner Lot in Commercial District

      Located on a hard corner in McGregor's General Commercial District.
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      Lorena Rd & Hwy 84, McGregor, TX 76657

      Mixed-use properties
      Lorena Rd & Hwy 84, McGregor, TX 76657
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    • $400,000
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      McGregor Office Building - $400K

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      McGregor Duplex with Strong Income

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      Versatile Commercial Property in McGregor

      5,606 SF commercial property suitable for diverse business ventures.
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      12,000 SF

      Highway Frontage Mixed-Use Property

      Versatile commercial property on 17.5 acres with highway frontage.
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land on Main Street

      Located on a hard corner in McGregor's General Commercial District.
      300 S Main St, McGregor, TX 76657
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    • $2,160 /Mo
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      Downtown McGregor Commercial Space Available

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      3,600 SF

      Downtown McGregor Commercial Space Available

      Versatile 3,600 SF space with high visibility and flexible layout.
      400 S Main St, McGregor, TX 76657
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      14,440 SF

      Historic Downtown McGregor Corner Building

      Historic building on Main Street in downtown McGregor for rent.
      300 S Main St, Mc Gregor, TX 76657
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      51,562 SF

      Mc Gregor Office Space Available

      Two-story office building with basement, suitable for various businesses.
      1101 Johnson Dr, Mc Gregor, TX 76657
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    • $2,160 /Mo

      Retail Space on Main Street

      Retail property available for lease on Main Street.
      400 S Main St, McGregor, TX 76657
      View Details
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    84 Lorena Rd & Hwy
    McGregor, TX 76657
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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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    84 Lorena Rd & Hwy, McGregor, TX, 76657
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