Former Gas Station and Residence
1300 and 1302 W Main Street Gatesville, TX 76528
1300 and 1302 W Main Street, Gatesville, TX, 76528
$288,000
For Sale
$288,000
COMMERCIAL - Gatesville, TX
Property Size3,136 SF
Lot Size2.31 Acres
Price / SF$91.84
Days on Market9
Property Features for 1300 and 1302 W Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- bus/c
- Parking features
- Carport
- Standard status
- Active
- APN
- 116006 and 116005
- Size
- 3,136 SF
- Lot size
- 2.31 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- WESTVIEW ADDN GV, BLOCK 5, LOT 11 and 12, UNDIVIDED INTEREST 50.0000000000%. Total acres 2.308
- Tax Annual Amount
- 784
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1945
- Floors in Building
- 1
- Flooring type
- Wood
- Building materials
- WoodSiding
- Roof type
- Composition, Shingle
Listing Agency
Cowboy RE by All City RE
(254) 865-5006
111 S 7th St., TX
Listed by
Diana Barnett · License #0432796
(254) 423-7590
Added: Jul 10 Checked: Jul 18 at 7:06 am
MLS# 587569
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes a 2.308-acre site made up of two parcels: 1300 W Main and 1302 W Main. The property is described as having commercial zoning along the front of both parcels, with residential zoning at the rear. Currently, the house on the site is being used as residential, and the former gas station is used as storage for a resale shop.
The tract is served by city water and city sewer, with additional utilities listed as electric and high-speed fiber optic internet. Public remarks indicate prime frontage on Hwy 84 and positioning between FM 116 and Hwy 36, with reported daily traffic of 11,000+ vehicles. The remarks further cite an 82,000 short-term traffic volume count and around 1,000 vehicle classification counts.
The listed property size is 3,136 square feet. Zoning is provided as bus/c.
The tract is served by city water and city sewer, with additional utilities listed as electric and high-speed fiber optic internet. Public remarks indicate prime frontage on Hwy 84 and positioning between FM 116 and Hwy 36, with reported daily traffic of 11,000+ vehicles. The remarks further cite an 82,000 short-term traffic volume count and around 1,000 vehicle classification counts.
The listed property size is 3,136 square feet. Zoning is provided as bus/c.
Key Highlights
- Commercial zoning on the front portion of two parcels, offering business opportunities.
- High traffic volume: 11,000+ vehicles daily and 82,000 short‑term traffic volume.
- Prime frontage on Hwy 84, located between FM 116 and Hwy 36.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.1k | $9.60 |
| − Vacancy | −$1.8k | −$0.58 |
| EGI | $28.3k | $9.02 |
| − OpEx | −$8.5k | −$2.71 |
| NOI | $19.8k | $6.32 |
3,136 SF · lease $9.60/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$651.2K
$569.8K – $759.7K
NOI $45,582 @ 7.0% cap · market cap 15.83%
Second Best
Retail
$532.9K
$466.3K – $621.7K
NOI $37,301 @ 7.0% cap · market cap 12.95%
Theoretical Best
Office A
$753.2K
$659.1K – $878.8K
NOI $52,727 @ 7.0% cap · market cap 18.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Two-parcel site with a house used residential and an old gas station used for storage, served by city water and sewer.
Where is this gas station located?
The property is located at 1300 and 1302 W Main Street Gatesville, TX.
What is the asking price?
The asking price for this property is $288,000.
What are key features of this property?
This property features: Commercial zoning on the front portion of two parcels, offering business opportunities.; **High traffic volume: 11,000+ vehicles daily and 82,000 short‑term traffic volume.**; **Prime frontage on Hwy 84, located between FM 116 and Hwy 36.**
