Add Listing
    For Sale
    • 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

    150 Stephens Road Hallsville, TX 75650

    View on Map
    For Sale
    $3,800,000

    Business - Hallsville, TX

    Type:Business
    Lot size:
    5.00 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    44
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 150 Stephens Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    R000065091
    Lot size
    5.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2024
    Flooring type
    Vinyl
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Soape

    Listing agent Michael Soape License #0745590

    Listing office Leslie Cain Realty 403 W. Hubbard, Abilene, TX

    Listing date Feb 16, 2026

    MLS# 21181440 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.

    Overview

    New Multifamily Investment Opportunity

    This new construction multifamily investment opportunity is located at 150 Stevens Road in Hallsville, Texas. The property consists of five quadplex buildings, totaling 20 units. Each unit is thoughtfully designed with quality construction and modern finishes, including granite countertops and high-efficiency systems. The property is located within the Hallsville Independent School District. Situated on a 5-acre lot, this new construction asset offers minimal deferred maintenance and long-term income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Food Market Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallsville
    County
    Harrison
    State
    Texas
    Longitude
    -94.537153
    Latitude
    32.500952

    Nearby Similar for Sale

    • $289,000

      Hallsville Commercial Property on Highway

      Highway frontage commercial property with office and warehouse space.
      307 E Main Street, Hallsville, TX 75650
      View Details
    • $289,000

      Hallsville Commercial Building on Highway

      Commercial building with office and warehouse space on 0.44 acres.
      307 E. Main Street, Hallsville, TX 75650
      View Details
    • $135,000

      Hallsville Self-Storage Investment Opportunity

      32-unit self-storage facility with upside potential in Hallsville, Texas.
      209 W Pine Street, Hallsville, TX 75650
      View Details
    • $3,875,000
      1,800 SF

      East Texas Showplace on Acres

      155-acre East Texas property with barndominium, solar power, and more.
      3280 N FM 450, Hallsville, TX 75650
      View Details
    • $650,000

      Hallsville Industrial Property For Sale

      11.61 acres with metal building and truck scales.
      102 BRANCH, Hallsville, TX 75650
      View Details
    • $1,450,000

      Hallsville Duplex Investment Opportunity

      Four well-maintained, income-generating duplexes in Hallsville, Texas.
      206 N Chestnut St, Hallsville, TX 75650
      View Details

    FAQs

    What type of property is this?
    Quadplex - New 20-unit multifamily property in Hallsville, Texas.
    Where is this quadplex located?
    The property is located at 150 Stephens Road Hallsville, TX.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: New construction 20‑unit multifamily property built in 2024 offering minimal deferred maintenance.; Located in the highly sought‑after Hallsville ISD, appealing to families.; Strong rental demand in a growing East Texas market.
    (903) 594-8721
    We can help!
    Listing Contact
    Michael Soape
    Real Estate License ID: 0745590
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!