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    Versatile Commercial Space Near Lake Tawakoni Title is generated by Realmo AI

    11558 Fm 751, Wills Point, TX 75474

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    Claim this Listing
    New
    For Lease
    $1,200 /Mo

    Business - Wills Point, TX

    Type:Business
    Lot size:
    0.44 Acres
    Added:
    May 11, 2026
    Days on Market:
    3
    Last Refresh:
    May 13 at 12:06 am

    Property Features for 11558 Fm 751

    General Information

    Property type
    Other
    Property subtype
    Business
    Standard status
    Active
    APN
    23456
    Lot size
    0.44 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    Ceiling Fan(s), Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1975
    Flooring type
    Carpet, Laminate
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Holly Norton

    Listing agent Holly Norton License #0525813

    Listing office ListingsSold.com 10471 Buffalo, Wills Point, TX

    Listing date May 11, 2026

    MLS# 21229129 Listing URL

    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

    • Versatile Commercial Space: Suited for restaurant, retail, office, or even residential conversion.
    • Outside City Limits: Enjoy flexibility with only Hunt County restrictions.
    • Strategic Location: Easy access via SH 276 and US 80.
    • Proximity to Lake Tawakoni: Located directly across from the lake.
    • Functional Features: Includes 8 ft roll‑up door, multiple entry doors, kitchen area, office space, and large rooms.
    • Expansion Potential: Space available to add more parking on both sides of the building.

    Overview

    This commercial property, formerly a nightclub and more recently a church, presents an opportunity for various business ventures. Located outside city limits and subject only to Hunt County restrictions, the property allows for diverse uses, including the addition of living quarters. The building features an 8 ft roll-up door for loading and unloading, a main entrance, and three additional entry doors. Inside, there is a full bathroom and two half baths, a large kitchen area, a small enclosed office space near the main entry, a large sanctuary area near the entryway, and three additional large rooms. The property includes a gravel parking area in front, with space to expand parking on both sides. Sewer service is provided by lateral lines with two tanks. Conveniently situated a short distance from SH 276 in Quinlan and 10 minutes from US 80 in Wills Point, the property is also located across the street from Lake Tawakoni. The property is suitable for a restaurant, retail, or office space. The lot size is 0.437 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Auto Repair Shop Storage Facility Discount Store Electrical Service Grocery & Convenience Store Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Wills Point
    County
    Van Zandt
    State
    Texas
    Longitude
    -96.0548416
    Latitude
    32.8466043

    Nearby Similar for Lease

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    • $2,400/Mo

      Highway 80 Retail Opportunity

      Prime commercial space on Highway 80, ideal for various businesses.
      21891 US Highway 80, Wills Point, TX 75169
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    • $2,760/Mo

      Highway 80 Retail/Office Space

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      21891 US Hwy 80, Wills Point, TX 75169
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      Highway Frontage Commercial Property

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      Highway Frontage Commercial Space

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    FAQs

    What type of property is this?
    Retail space - Commercial space suitable for retail, office, or restaurant use.
    Where is this retail space located?
    The property is located at 11558 Fm 751 Wills Point, TX.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: Versatile Commercial Space: Suited for restaurant, retail, office, or even residential conversion.; Outside City Limits: Enjoy flexibility with only Hunt County restrictions.; Strategic Location: Easy access via SH 276 and US 80.
    (214) 502-4242
    We can help!
    Listing Contact
    Holly Norton
    Real Estate License ID: 0525813
    Learn More
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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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