Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    1510 Churchill Dr Granite Shoals, TX 78654

    Sponsored
    For Lease
    $2,250 /Mo ($9 SF/Yr)

    COMMERCIAL - Granite Shoals, TX

    Property size:
    3,000 SF
    Lot size:
    0.25 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 11 at 9:06 pm

    Property Features for 1510 Churchill Dr

    General Information

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

    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
    Concrete, Laminate
    Building materials
    Steel Frame

    We can help!

    Listing Contact
    Thomas Schultz

    Homezini, LLC (512) 629-7046

    Listing agent Thomas Schultz (512) 629-7046

    Listing date Feb 3, 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.

    Learn more

    Property Insight Report

    Overview

    Granite Shoals Commercial Building For Lease

    This free-standing, clear-span commercial building offers 3,000 square feet of space and is available for lease. Situated one block from Highway 1431, the property benefits from highway visibility. It 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 to park 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 also present, with the option for removal. Rent includes water, sewer, and basic trash services. The property is available starting March 1 and is located in Granite Shoals, Texas.
    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, Trademark Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Granite Shoals
    County
    State
    Texas
    Longitude
    -98.35016483
    Latitude
    30.60105481

    Nearby Similar for Lease

    • $3,000 /Mo
      10,019 SF

      Granite Shoals Commercial Building Lease

      Commercial building for lease in Granite Shoals, Texas.
      802 N Phillips Ranch Rd, Granite Shoals, TX 78654
      View Details

    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 $9 SF/Yr.
    What are key features of this property?
    This property features: - Highway visibility and location 1 block off 1431, ideal for various commercial uses.; - **3,000 sqft clear-span building** with three roll-up doors (14' and two 12').; - Includes heated and cooled office with storage and a bathroom.
    (512) 629-7046
    Request Owner's contact information
    1510 Churchill Dr Granite Shoals, TX 78654
    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.
    1510 Churchill Dr
    Granite Shoals, TX 78654
    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
    1510 Churchill Dr Granite Shoals, TX 78654
    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

    We can help!
    Listing Contact
    Thomas Schultz
    Real Estate License ID: 0620528
    (512) 629-7046
    Learn more
    Google sign-in failed. Please try again or use another login method.