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

    7622 Mcgregor Park Rd Temple, TX 76502

    • Commercial real estate
    • 21.66 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7184363
    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 7622 Mcgregor Park Rd

    Lot size
    21.66 lot acres
    Property type
    Commercial real estate
    APN
    125728

    Description

    This exceptional 21.66-acre commercial ranch property in Temple, Texas, offers breathtaking views of Lake Belton. Priced at $450,000 ($34,995/acre), this mostly flat, open land boasts a desirable agricultural zoning (APN 125728). Existing improvements include a Conex storage trailer, cow pen, shed, windmill, and water well (buyer to inspect/test well). A pipeline easement is in place. The property is mostly fenced and backs up to Army Corps of Engineers land, ensuring privacy and natural beauty. Lake access is available, and the property is ideal for various uses, from recreational activities to potential development. A $10,000 buyer closing cost incentive is offered. Note that while a sign is visible from McGregor Park Rd (approx. 1.5 miles away), the property itself is not visible from the road and requires access via a private easement across neighboring land

    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
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.4630957
    Latitude
    31.208217

    Comparable in this City

    • Contact for pricing

      West Temple Development Tract

      Highly visible development tract in fast-growing West Temple area.
      135 Hilliard Rd, Temple, TX 76502
      View Details
    • $199,000

      Commercial Land Near Lake Belton

      Commercial land with no restrictions, near Lake Belton.
      11340 W State Highway 36, Temple, TX 76502
      View Details
    • $38,000
      0.62 Acres

      Wooded Lot Near Lake

      0.6227 acre wooded lot in Temple, Texas.
      14897 Cart Rd, Temple, TX 76502
      View Details
    • $475,000
      3.78 Acres

      Unrestricted Commercial Land in Temple

      3.781 acres of commercial land near Temple and Belton.
      Deer Grv Dr, Temple, TX 76502
      View Details
    • $65,000
      0.23 Acres

      Land For Sale, Temple, TX

      0.226 acre commercial land available in Temple, Texas.
      1916 Friars Grove Dr, Temple, TX 76502
      View Details
    • $360,000
      1.22 Acres

      Land For Sale, Temple, TX

      1.22 acre commercial land available in Temple, Texas.
      5145 S 31St St, Temple, TX 76502
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      West Temple Development Tract

      Highly visible development tract in fast-growing West Temple area.
      135 Hilliard Rd, Temple, TX 76502
      View Details
    • $199,000

      Commercial Land Near Lake Belton

      Commercial land with no restrictions, near Lake Belton.
      11340 W State Highway 36, Temple, TX 76502
      View Details
    • $38,000
      0.62 Acres

      Wooded Lot Near Lake

      0.6227 acre wooded lot in Temple, Texas.
      14897 Cart Rd, Temple, TX 76502
      View Details
    • $475,000
      3.78 Acres

      Unrestricted Commercial Land in Temple

      3.781 acres of commercial land near Temple and Belton.
      Deer Grv Dr, Temple, TX 76502
      View Details
    • $65,000
      0.23 Acres

      Land For Sale, Temple, TX

      0.226 acre commercial land available in Temple, Texas.
      1916 Friars Grove Dr, Temple, TX 76502
      View Details
    • $360,000
      1.22 Acres

      Land For Sale, Temple, TX

      1.22 acre commercial land available in Temple, Texas.
      5145 S 31St St, Temple, TX 76502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent Near IH-35

      Convenient land with architectural restrictions and easy highway access.
      5643 Kegley Place Ln, Temple, TX 76502
      View Details
    • $12 SF/Yr
      32,234 SF

      Temple I-14 Corner Land Lease

      High-traffic 0.74-acre commercial land
      1901 H K Dodgen Loop, Temple, TX 76502
      View Details
    • $6,307 /Mo

      Prime Temple ETJ Commercial Land

      2.65 Acres, Two Houses, Owner Financing
      8926 Witter Ln, Temple, TX 76502
      View Details
    • $2.00 SF/Yr
      89,995 SF

      Temple Retail Corner Lot

      High-traffic corner lot, ready to build.
      5405 Adams Ave, Temple, TX 76502
      View Details
    • Contact for pricing
      108,900 SF

      Temple Retail Land Opportunity

      2.5 Acres, Prime Retail Location
      4863 31St St, Temple, TX 76502
      View Details
    • Contact for pricing

      Hard Corner Commercial Land Available

      Hard corner commercial land for lease or build-to-suit.
      7634 Prairie View Rd, Temple, TX 76502
      View Details
    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.
    7622 Mcgregor Park Rd
    Temple, TX 76502
    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!