Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1357 W Mcneill Street Stephenville, TX 76401

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,000,000

    Business - Stephenville, TX

    Type:Business
    Lot size:
    0.17 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    148
    Last Refresh:
    May 7 at 5:06 pm

    Property Features for 1357 W Mcneill Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Carport
    Fireplace
    1
    Standard status
    Active Under Contract
    APN
    R000030269
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s), Fireplace Insert
    Cooling system
    Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    1977
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Richmond

    Listing agent Jessica Richmond License #0694459

    Listing office R-Texas Real Estate 7491 Highway 6, De Leon, TX

    Listing date Dec 10, 2025

    MLS# 21091441 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

    • Prime location: Steps from Tarleton State University
    • Spacious 1,971 sq ft home with 3 bedrooms and 2 full baths
    • Large living room with vaulted ceilings and wood‑burning fireplace
    • Fenced backyard with two storage buildings
    • Covered double‑car carport
    • Abundant kitchen cabinet storage

    Overview

    Charming Home Near Tarleton Campus

    This charming 1.5-story brick home, offering approximately 1,971 square feet of living space, is located steps from Tarleton State University. The property features 3 bedrooms and 2 full baths. The layout includes a large living room with vaulted ceilings and a wood-burning fireplace, a spacious kitchen with abundant cabinet storage, and a formal dining area. Outdoor amenities include a fenced backyard, two storage buildings, and a covered double-car carport. Situated on a 0.17-acre lot with mature shade trees, the property provides easy access to dining, schools, and downtown Stephenville. It is suitable for a family, Tarleton faculty, or as an investment property near campus.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.213726
    Latitude
    32.213561

    Nearby Similar for Sale

    • $995,000

      Stephenville Industrial Multi-Use Facility

      Multi-use industrial facility with retail, warehouse, and storage spaces.
      1208 E Washington Street, Stephenville, TX 76401
      View Details
    • $1,995,000

      Stephenville Retail Property on Highway

      Commercial property on 3.58 acres with highway frontage.
      6688 S US Highway 377, Stephenville, TX 76401
      View Details
    • $210,000

      Commercial Property in Stephenville, TX

      Commercial property with updates, suitable for office or investment.
      1102 Washington Street, Stephenville, TX 76401
      View Details
    • $1,699,999
      3,521 SF

      Stephenville Horse Property with Arena

      Updated 4-bed smart home on 10 acres with horse facilities.
      1766 CR 424, Stephenville, TX 76401
      View Details
    • $985,000

      Boutique Hotel Near Tarleton University

      Turn-key boutique hotel near Tarleton State University.
      1092 W Tarleton Street, Stephenville, TX 76401
      View Details
    • $850,000

      Versatile Commercial Property in Stephenville

      Adaptable space suitable for medical, therapy, or educational purposes.
      205 River N. Boulevard, Stephenville, TX 76401
      View Details
    • $1,200,000

      Stephenville Multi-Use Commercial Property

      2.54ac multi-use property with frontage on Hwy 377 & CR351.
      5346 S US Highway 377, Stephenville, TX 76401
      View Details
    • $275,000

      Highway Frontage Commercial Building

      Versatile commercial building with high visibility on US Highway 281.
      21963 N US Highway 281, Stephenville, TX 76401
      View Details
    • $499,000
      2,416 SF

      Multi-Family Investment Opportunity in Stephenville

      Two homes on 0.69 acres near Tarleton State University.
      1425-1435 Groesbeck Street, Stephenville, TX 76401
      View Details
    • $780,000

      High Visibility Retail Opportunity

      Retail space in revitalized Stephenville, high traffic location.
      367 E Washington Street, Stephenville, TX 76401
      View Details
    • $1,700,000

      Prime Retail Location in Stephenville

      High-visibility retail property with drive-thru in growing Stephenville, TX.
      3011 W Washington Street, Stephenville, TX 76401
      View Details
    • $839,000
      2,230 SF

      Stephenville Farm/Ranch on 27 Acres

      Custom home on 27 acres in Huckabay school district.
      493 Private Road 1673, Stephenville, TX 76401
      View Details

    FAQs

    What type of property is this?
    Single family property - 1.5-story home near Tarleton State University, ideal for family/investment.
    Where is this single family property located?
    The property is located at 1357 W Mcneill Street Stephenville, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Prime location: Steps from Tarleton State University; Spacious 1,971 sq ft home with 3 bedrooms and 2 full baths; Large living room with vaulted ceilings and wood‑burning fireplace
    (254) 485-8023
    We can help!
    Listing Contact
    Jessica Richmond
    Real Estate License ID: 0694459
    Learn More
    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.
    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

    Thank You for Inquiry
    1357 W Mcneill Street, Stephenville, TX 76401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!