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    Granite Shoals Commercial Building For Lease Title is generated by Realmo AI

    1510 Churchill Dr, Granite Shoals, TX 78654

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    For Lease
    $2,000/Mo $8 SF/Yr (calc)

    COMMERCIAL - Granite Shoals, TX

    Property size:
    3,000 SF
    Lot size:
    0.25 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    112
    Last Refresh:
    May 13 at 4:06 am

    Property Features for 1510 Churchill Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    6
    Standard status
    Active
    APN
    009822
    Size
    3,000 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Description
    S3660 CHURCHILL (SHERWOOD SHORES) LOT 67 & 68

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Wall Furnace
    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2001
    Floors in Building
    1
    Flooring type
    Laminate, Concrete
    Building materials
    Steel Frame

    We can help!

    Listing Contact
    Thomas Schultz

    Listing agent Thomas Schultz License #0620528

    Listing office Homezini Realty Group 110 Ave H #114, Marble Falls, TX

    Listing date Jan 21, 2026

    MLS# 176224

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great highway visibility, located just one block from 1431.
    • Free‑standing 3,000 sqft clear‑span commercial building.
    • Features three roll‑up doors: one 14' tall, two 12' doors.
    • Includes heated and cooled office space with storage and bathroom.
    • Ample parking available, with space for trailers and work vehicles.
    • Rent includes water, sewer, and basic trash services.

    Overview

    This 3,000 sqft free-standing, clear-span commercial building is available for lease, situated one block from Highway 1431 with highway visibility. The location is suitable for warehouse, light manufacturing, mechanic, contractor, RV, or personal storage purposes. The building features three roll-up doors, including one 14-foot tall door and two 12-foot doors. Ample parking is available, with space for a couple of trailers or work vehicles. The property includes a heated and cooled office with storage above, as well as a bathroom. A 10-foot by 50-foot climate-controlled storage room is present, which can be retained or removed. Rent includes water, sewer, and basic trash services. The property is located in Granite Shoals, Texas, and will be available starting March 1. The lot size is 0.25 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Department Store Food Market Bar & Pub Storage Facility Grocery & Convenience Store Garden Center

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

    Similar Places Nearby

    • Prairie Creek Self Storage — 3402 Prairie Creek Rd, Granite Shoals, TX 78654
    • Trademark Self Storage — 1406 Churchill Dr, Granite Shoals, TX 78654

    Location Insight

    • Map
    • Local Demand
    City
    Granite Shoals
    County
    State
    Texas
    Longitude
    -98.3502705
    Latitude
    30.6007991

    FAQs

    What type of property is this?
    Warehouse - 3,000 sqft commercial building for lease in Granite Shoals.
    Where is this warehouse located?
    The property is located at 1510 Churchill Dr Granite Shoals, TX.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Great highway visibility, located just one block from 1431.; Free‑standing 3,000 sqft clear‑span commercial building.; Features three roll‑up doors: one 14' tall, two 12' doors.
    (512) 629-7046
    We can help!
    Listing Contact
    Thomas Schultz
    Real Estate License ID: 0620528
    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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