Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    247 W Village Rd Salado, TX 76571
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    247 W Village Rd Salado, TX 76571

    View on Map
    • Commercial real estate
    • 4,888 SF
    • 0.79 lot acres
    For Lease
    $26 SF/Yr
    View Listing →
    Retail Space with IH-35 Frontage For Lease
    $26 SF/Yr
    2,040 SF

    Retail Space with IH-35 Frontage

    Retail space with high visibility and IH-35 frontage access.

    247 W Village Rd, Salado, TX
    View Listing
    Property ID
    US82-5415759
    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
    $795,000
    Cap Rate Potential
    9%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Domino's Pizza / Take-out & Catering
    • Longbow Coffee Co. / Cafe & Coffee Shop

    Property Details for 247 W Village Rd

    Year built
    2022
    Lot size
    0.79 lot acres
    Property size
    4,888 SF
    Property type
    Commercial real estate
    APN
    232144
    APU
    232144

    Description

    This exceptional 2,040-square-foot retail space is available for lease in the vibrant town of Salado, Texas. Located at 247 W Village Rd, this single-tenant property offers a fantastic opportunity for businesses seeking a prominent location in Bell County. The entire building, totaling 2,040 square feet, is currently vacant and ready for immediate occupancy. This presents a blank canvas for a new tenant to design and customize the space to perfectly suit their operational needs. The property's address, 247 W Village Rd, Salado, TX 76571, ensures high visibility and accessibility for customers. Its location within the thriving Salado community provides access to a strong local customer base and significant foot traffic. The property is classified as a commercial retail space, ideal for a variety of businesses. The single-tenant occupancy ensures complete control and flexibility for the lessee. This presents a unique chance to establish a strong presence in a desirable Texas town. Interested parties are encouraged to inquire further to explore the possibilities of this exceptional retail opportunity. The property's coordinates are 30.9508726 latitude and -97.5391462 longitude, providing precise location details for potential tenants. This turnkey space is ready for immediate occupation, allowing for a swift and efficient business launch.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $825,000
      6.5%
      $760,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,076,000
      Market price range: $328k - $1.08M

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

    Location Insight

    • Map
    • Local Demand
    City
    Salado
    County
    Bell
    State
    Texas
    Longitude
    -97.5391
    Latitude
    30.9505
    CBSA code
    28660
    CBSA name
    KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,709
    $107,711
    $1,545,521
    $1,653,232
    -
    $107,711
    $1,545,521
    $1,653,232

    Comparable in this City

    • Value Estimation by Request
      11.92 Acres

      17511 Fm 2484

      COMMERCIAL (GENERAL) • 11.92 Acres
      17511 Fm 2484, Salado, TX 76571
      View Details
    • Value Estimation by Request
      0.96 Acres

      Ih 35

      COMMERCIAL (GENERAL) • 0.96 Acres
      Ih 35, Salado, TX 76571
      View Details
    • Value Estimation by Request
      58.75 Acres

      Ih 35

      COMMERCIAL (GENERAL) • 58.75 Acres
      Ih 35, Salado, TX 76571
      View Details
    • Value Estimation by Request
      2.30 Acres

      Southridge Rd

      COMMERCIAL (GENERAL) • 2.30 Acres
      Southridge Rd, Salado, TX 76571
      View Details
    • Value Estimation by Request
      25.00 Acres

      Amity Rd

      COMMERCIAL (GENERAL) • 25.00 Acres
      Amity Rd, Salado, TX 76571
      View Details
    • Value Estimation by Request
      0.06 Acres

      Fm 2115

      COMMERCIAL (GENERAL) • 0.06 Acres
      Fm 2115, Salado, TX 76571
      View Details

    Similar Nearby for Sale

    • $205,000
      2.65 Acres

      Salado Homesite with Seasonal Creek

      2.65 acre homesite in Mustang Springs, Salado, TX.
      9249 Crk Side Dr, Salado, TX 76571
      View Details
    • $912,000
      32.00 Acres

      32 Acre Wooded Ranch Land

      32 acres of wooded land with excellent views.
      Tbd Fm-2843, Salado, TX 76571
      View Details
    • $3,900,000
      167.00 Acres

      167 Acre Ranch Near Salado

      Ranch property with diverse terrain and development potential.
      20949 Firefly Rd, Salado, TX 76571
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,040 SF

      Retail Space with IH-35 Frontage

      Retail space with high visibility and IH-35 frontage access.
      247 W Village Rd, Salado, TX 76571
      View Details
    • $12,100 /Mo
      10,000 SF

      Salado Warehouse and Office Space

      Warehouse and office space available for lease in Salado, TX.
      10480 Brewer Rd, Salado, TX 76571
      View Details
    • Contact for pricing

      Commercial Building with Retail Space

      Commercial building featuring retail, showroom, and warehouse space for rent.
      677 N Stagecoach Rd, Salado, TX 76571
      View Details
    • Contact for pricing
      1,600 SF

      Office Space with Loft Area

      Air-conditioned office suite featuring a loft and kitchenette.
      113 Salado Plaza Dr, Salado, TX 76571
      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.
    247 W Village Rd
    Salado, TX 76571
    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!