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    Live-Work Building with Commercial Zoning Title is generated by Realmo AI

    1116 E State Hwy 276, West Tawakoni, TX 75474

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    Claim this Listing
    New
    For Sale
    Under Contract
    $139,000

    SINGLE_FAMILY - West Tawakoni, TX

    Type:Office
    Lot size:
    0.12 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 1116 E State Hwy 276

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Driveway
    Standard status
    Active Under Contract
    APN
    102900
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    A0102 BARROW PETER, TRACT A-3, ACRES .124
    Tax Annual Amount
    1254

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Ceiling Fan(s), Electric
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Laminate
    Roof type
    Metal

    We can help!

    Listing Contact
    Jody Crocker

    Listing agent Jody Crocker License #0600261

    Listing office 1st Choice Realty Quinlan, TX

    Listing date Jun 2, 2026

    MLS# 21252361

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2 bed, 1 bath building (built 1980) currently used as residential and already zoned commercial by the city
    • Metal roof and driveway parking
    • Central heating and central air, plus ceiling fans; electric heating and cooling
    • Public water and public sewer
    • Backyard offers lake views and the city park is just over the backyard fence
    • Nearby recreational access includes a swimming area, playground, and close boat ramp; Deer Run Golf Course is down the street

    Overview

    This building is currently used as a residence but is already zoned commercial by the city, creating a straightforward live-work option. The interior features two bedrooms and one bathroom, along with a very spacious living room that could be repurposed to function as office space. It’s an opportunity for an owner-operator to blend day-to-day convenience with a workable business setup, or for an investor seeking a property with commercial flexibility.

    Set on E State Hwy 276, the location benefits from substantial traffic visibility along the corridor, with other commercial buildings nearby. Neighboring businesses include a storage facility, a bookkeeping business, and a church. A city park sits just beyond the backyard fence, and the property also offers lake views from the backyard, with a swimming area, playground, and close boat ramp. Deer Run Golf Course is also down the street.

    The layout and zoning support a variety of small-business uses where a private, comfortable environment matters. Whether you envision converting the living area to an office, operating from a home-based footprint, or positioning the property as a rental investment, the combination of commercial zoning and a recognizable roadside setting makes this a practical option to consider.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Accounting Firm HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Tawakoni
    County
    Hunt
    State
    Texas
    Longitude
    -96.020407
    Latitude
    32.903982

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    FAQs

    What type of property is this?
    Live-work space - Zoned commercial, currently residential, with a flexible interior that can convert to office space near high-traffic Hwy 276.
    Where is this live-work space located?
    The property is located at 1116 E State Hwy 276 West Tawakoni, TX.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: 2 bed, 1 bath building (built 1980) currently used as residential and already zoned commercial by the city; Metal roof and driveway parking; Central heating and central air, plus ceiling fans; electric heating and cooling
    (903) 356-4600
    We can help!
    Listing Contact
    Jody Crocker
    Real Estate License ID: 0600261
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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.

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