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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    504 W Nolan Trl, Unit 1 Harker Heights, TX 76548

    • Commercial real estate
    • 8.00 lot acres
    For Sale
    View listing
    $399,999
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2119297
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 504 W Nolan Trl

    Lot size
    8.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 8-acre commercial land parcel presents a unique investment opportunity in the thriving Harker Heights, Texas market. Located at 504 W Nolan Trail, 76548, this property boasts a flexible Multiple zoning designation, opening doors to a wide range of development possibilities. The land is priced at $499,000, translating to $62,375 per acre. Situated in Bell County, this easily accessible site benefits from its proximity to local amenities and is surrounded by newer developments, reflecting the area's consistent growth. The seller's relocation necessitates a quick sale, making this an attractive proposition for investors seeking to capitalize on a prime location in a rapidly expanding region. While the property is described as suitable for 29+ lots, the zoning allows for diverse commercial uses. This presents a chance to shape the future of the neighborhood and secure a significant return on investment. The information provided is believed to be accurate but is not guaranteed. Act quickly to secure this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Harker Heights
    County
    Bell
    State
    Texas
    Longitude
    -97.6676559
    Latitude
    31.094967

    Comparable in this City

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      Commercial Land in Harker Heights

      2.4-acre B4 commercial lot near shopping and restaurants.
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      Prime Commercial Land For Sale

      4.215 acres at high-traffic corner with excellent visibility.
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      Harker Heights Vacant Lot

      0.31-acre vacant lot in a centrally located, established area.
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    • $55,000
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      Harker Heights Hilltop Lot

      Exceptional 0.37-acre hilltop lot with sweeping views in Harker Heights.
      1505 Wildridge Dr, Harker Heights, TX 76548
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    Similar Nearby for Sale

    • Contact for pricing
      1.80 Acres

      Harker Heights Retail Land

      1.8-Acre Commercial Development Site
      3042 Stillhouse Lk Rd, Harker Heights, TX 76548
      View Details
    • $295,000
      0.77 Acres

      Prime Commercial Lot in Harker Heights

      0.77-acre commercial lot near IH 14 in Harker Heights.
      0005 Morgan St, Harker Heights, TX 76548
      View Details
    • $450,000
      2.41 Acres

      Commercial Land in Harker Heights

      2.4-acre B4 commercial lot near shopping and restaurants.
      714 Indian Trl, Harker Heights, TX 76548
      View Details
    • $1,500,000
      4.22 Acres

      Prime Commercial Land For Sale

      4.215 acres at high-traffic corner with excellent visibility.
      Edwards Dr, Harker Heights, TX 76548
      View Details
    • $39,999
      0.31 Acres

      Harker Heights Vacant Lot

      0.31-acre vacant lot in a centrally located, established area.
      1507 Shasta Trl, Harker Heights, TX 76548
      View Details
    • $55,000
      0.37 Acres

      Harker Heights Hilltop Lot

      Exceptional 0.37-acre hilltop lot with sweeping views in Harker Heights.
      1505 Wildridge Dr, Harker Heights, TX 76548
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,245 SF

      Harker Heights Retail Center

      Prime Drive-Thru Retail Opportunity
      670 Way, Harker Heights, TX 76548
      View Details
    • $73 SF/Yr
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      Prime Modoc Retail Strip Center

      Modern Retail Space, Excellent Location
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      Retail Suite in Harker Heights

      1,250 sqft retail suite available for lease.
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    • $4,400 /Mo
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      Harker Heights Retail Space Available

      Retail space for lease in Harker Heights, Texas.
      116 E Veterans Memorial Blvd, Harker Heights, TX 76548
      View Details
    • $1,300 /Mo
      1,187 SF

      Retail Space in Harker Heights

      Retail space available for lease in Harker Heights, Texas.
      116 E Veterans Memorial Blvd, Harker Heights, TX 76548
      View Details
    • $18 SF/Yr

      Versatile Space for Lease

      Adaptable space suitable for various uses including retail and office.
      904 Mountain Lion Cir, Harker Heights, TX 76548
      View Details
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    504 W Nolan Trl, Unit 1
    Harker Heights, TX 76548
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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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