Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land on Chico Highway Title is generated by Realmo AI

    1501 Chico Highway, Bridgeport, TX 76426

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $285,000

    Industrial - Bridgeport, TX

    Type:Industrial
    Lot size:
    1.18 Acres
    Added:
    May 1, 2026
    Days on Market:
    22
    Last Refresh:
    May 22 at 10:06 pm

    Property Features for 1501 Chico Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Parking features
    Off Street, Parking Lot
    Standard status
    Active Under Contract
    APN
    753736
    Lot size
    1.18 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    1901
    Flooring type
    Concrete
    Building materials
    Block, Frame, Unknown
    Architectural style
    Other

    We can help!

    Listing Contact
    Randall Elms

    Listing agent Randall Elms License #0637071

    Listing office David Griffin & Company 2333 Beatrice St, Dallas, TX

    Listing date May 1, 2026

    MLS# 21127780 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

    • Over an Acre of Land on Chico Hwy with potential for retail or industrial use.
    • Seller Financing Available.
    • Remediation complete: Underground tanks removed and closed case letter from TECQ (dated 11.18.25).
    • Income‑producing property: Currently leased to a food truck vendor and trucking companies.
    • Existing city‑approved sign included.
    • Located on Chico Hwy in Bridgeport, TX (Wise County).

    Overview

    This property features over an acre of land situated on Chico Highway in Bridgeport, Texas. According to the City of Bridgeport's zoning map, the property is zoned Industrial 1, while Wise County lists the zoning as Retail. There are two overlays on the property: PID A-477 from 1993 related to oil and gas, and WCID 1 taxed at $0.007654. Formerly an active gas station, the seller has removed the pumps and underground tanks as of 2024. The owner has a closed case letter dated 11.18.25 from the TECQ on CASE: Regulated Entity No. RN101446722; Customer No. CN600752109 LPST ID No. 121695; Priority 4.1; PST Facility ID No. 30352; R-4. The property includes an existing city-approved sign. Currently, a food truck vendor and trucking companies pay to use the land. The owner is open to carrying the note.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crawldaddys Cajun Kitchen Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Wise
    State
    Texas
    Longitude
    -97.766643
    Latitude
    33.213316

    Nearby Similar for Sale

    • $750,000
      5,000 SF

      Versatile Commercial Property in Bridgeport, TX

      2.7-acre commercial property with office, shop, storage, and expansion potential.
      315 Highway 114, Bridgeport, TX 76426
      View Details
    • $510,000
      4,000 SF

      Downtown Bridgeport Retail Opportunity

      Corner retail building in Bridgeport's Halsell Street Business District.
      921 Halsell Street, Bridgeport, TX 76426
      View Details
    • $1,700,000
      9,000 SF

      Bridgeport Warehouse with Highway Frontage

      Commercial property with warehouse, office, and highway frontage.
      45 W HIGHWAY 380, Bridgeport, TX 76426
      View Details
    • $415,000

      Bridgeport Retail Space For Sale

      Vacant commercial property in high-traffic area, suitable for retail.
      1020 Halsell Street, Bridgeport, TX 76426
      View Details
    • $975,000

      Luxurious Office Building in Bridgeport

      Beautiful office building with adjoining lease space in great location.
      809 Woodrow Wilson Ray Circle, Bridgeport, TX 76426
      View Details
    • $349,000
      4,000 SF

      Downtown Bridgeport Commercial Building

      Spacious 4000 SF building in downtown Bridgeport, Texas.
      1012 Halsell Street, Bridgeport, TX 76426
      View Details
    • $439,000

      Commercial Property in Downtown Bridgeport

      Two buildings in Bridgeport's Entertainment District with retail potential.
      914 Halsell Street, Bridgeport, TX 76426
      View Details
    • $350,000

      Operating Restaurant Near Highway

      Standalone Japanese restaurant near highway with high visibility and accessibility.
      1902 chico highway 114, Bridgeport, TX 76426
      View Details
    • $329,000

      Bridgeport Retail Investment Opportunity

      Retail spaces for sale in a busy business area.
      1804 Chico Highway, Bridgeport, TX 76426
      View Details
    • $600,000

      Land on Highway 380, Bridgeport

      4+ acres of land with highway frontage in Bridgeport, TX.
      6088 US Highway 380, Bridgeport, TX 76426
      View Details
    • $600,000

      Land on Heavily Traveled Highway

      4+- acre commercial land with high visibility on Highway 380.
      6088 US Highway 380, Bridgeport, TX 76426
      View Details
    • $2,800,000
      2,950 SF

      182-Acre Ranch with Development Potential

      Farm/ranch property with development potential near Hwy 380.
      2012 Cuba Road, Bridgeport, TX 76426
      View Details

    FAQs

    What type of property is this?
    Gas station - Over an acre of industrial land in Bridgeport, Texas.
    Where is this gas station located?
    The property is located at 1501 Chico Highway Bridgeport, TX.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Over an Acre of Land on Chico Hwy with potential for retail or industrial use.; Seller Financing Available.; Remediation complete: Underground tanks removed and closed case letter from TECQ (dated 11.18.25).
    (214) 526-5626
    We can help!
    Listing Contact
    Randall Elms
    Real Estate License ID: 0637071
    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
    1501 Chico Highway, Bridgeport, TX 76426
    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!