0 Azalea Dr Temple, TX 76502
This exceptional 12.22-acre commercial land parcel presents a unique investment opportunity in Temple, Texas. Strategically located on Azalea Dr, in Bell County (zip code 76502), this property boasts a Multi-Family 3 zoning designation, opening doors to a variety of development possibilities. The site benefits from its proximity to major economic drivers, including Baylor Scott & White, the VA Hospital, Temple College, and Texas A&M College of Medicine. The vibrant 31st Street retail district is also within easy reach. Furthermore, the property enjoys a convenient location near Raye-Allen Elementary School, Friar's Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course, enhancing its appeal to potential residents and businesses. Its adjacency to the new Encore apartments and proximity to several new residential developments underscore the area's rapid growth. This location is ideal for retail establishments, neighborhood stores, or office spaces. The property's position within a few miles of the Temple Medical Education District (TMED), a community-wide redevelopment initiative focused on long-term economic vitality, further solidifies its investment potential. This area is experiencing a surge in new home construction, making this site a prime beneficiary of the increased investment in South Temple. The property's location on IH 35, between Austin and Waco, provides excellent accessibility and visibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.