Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    231 Dillard Rd Belton, TX 76513
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    231 Dillard Rd Belton, TX 76513

    View on Map
    • Commercial real estate
    For Sale
    $4,499,900
    View Listing →
    Belton ETJ Prime Commercial Land For Sale
    $4,499,900

    Belton ETJ Prime Commercial Land

    43.492 acres with highway frontage and high traffic volume.

    231 Dillard Road, Belton, TX 76513
    View Listing
    Property ID
    US82-4017118
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 231 Dillard Rd

    Property type
    Commercial real estate

    Description

    Sprawling over 43.492 acres (1,894,511.52 SF) of prime real estate in the Belton ETJ area, this property is a commercial developer's dream come true! The lot boasts an impressive frontage on three sides - Dillard Road (± 1,511'), Amity School Road (± 1,590'), and Interstate Highway 35 (± 1,772'), ensuring excellent visibility and accessibility from all directions. Zoned Commercial Highway for maximum flexibility and potential uses. With easy access to the highway and a daily traffic count of over 76,000 vehicles/day according to TxDOT projections for 2022 means that your business will have no shortage of customers or clients. Don't miss out on this once-in-a-lifetime opportunity to own one of the most coveted properties in the area!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belton
    County
    Bell
    State
    Texas
    Longitude
    -97.50463
    Latitude
    30.987583

    Comparable in this City

    • $69,500
      0.14 Acres

      Residential Land in Belton, TX

      Land in Skyview community with access to amenities and conveniences.
      1139 Sky Smt Ct, Belton, TX 76513
      View Details
    • $69,500
      0.14 Acres

      Residential Land in Belton, TX

      Residential land in a charming new home community, Skyview.
      1233 Richards Rnch Rd, Belton, TX 76513
      View Details
    • $69,500
      0.14 Acres

      Residential Land in Belton, TX

      Land in Skyview community with access to amenities and conveniences.
      1219 Richards Rnch Rd, Belton, TX 76513
      View Details
    • $249,999
      3.58 Acres

      Belton Lakefront Land Opportunity

      3.583-acre lakefront lot ideal for building a custom home.
      29 Artesian Dr, Belton, TX 76513
      View Details

    Similar Nearby for Sale

    • $69,500
      0.14 Acres

      Residential Land in Belton, TX

      Land in Skyview community with access to amenities and conveniences.
      1139 Sky Smt Ct, Belton, TX 76513
      View Details
    • $69,500
      0.14 Acres

      Residential Land in Belton, TX

      Residential land in a charming new home community, Skyview.
      1233 Richards Rnch Rd, Belton, TX 76513
      View Details
    • $69,500
      0.14 Acres

      Residential Land in Belton, TX

      Land in Skyview community with access to amenities and conveniences.
      1219 Richards Rnch Rd, Belton, TX 76513
      View Details
    • $249,999
      3.58 Acres

      Belton Lakefront Land Opportunity

      3.583-acre lakefront lot ideal for building a custom home.
      29 Artesian Dr, Belton, TX 76513
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant with Drive-Thru Available

      Free-standing restaurant with drive-thru in Belton's retail corridor.
      105 River Fair Blvd, Belton, TX 76513
      View Details
    • Contact for pricing

      Insulated Warehouse Near I-35/I-14

      Insulated warehouse with high ceilings and multiple bay doors.
      4505 Fm 439, Belton, TX 76513
      View Details
    • Contact for pricing

      Versatile Belton Property For Rent

      1,935 sq ft Belton property suitable for retail/office/warehouse.
      821 S Main St, Belton, TX 76513
      View Details
    • $3,400 /Mo
      4,800 SF

      Belton Warehouse with Highway Visibility

      Warehouse space with loading dock and easy highway access.
      7401 S Ih 35, Belton, TX 76513
      View Details
    • Contact for pricing

      Recently Renovated Professional Office Building

      Professional office building renovated in 2024, available for rent.
      1002 Arbor Park Dr, Belton, TX 76513
      View Details
    View Listing
    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.
    231 Dillard Rd
    Belton, TX 76513
    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.
    Sign Up Successful!
    You now have access to more from Realmo!