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

    206 W Mccart Street Krum, TX 76249

    View on Map
    For Sale
    $479,000

    Retail - Krum, TX

    Type:Retail
    Lot size:
    0.07 Acres
    Added:
    Apr 17, 2025
    Days on Market:
    350
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for 206 W Mccart Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    On Street
    Standard status
    Active
    APN
    R61446
    Lot size
    0.07 Acres

    Utilities

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

    Building Details

    Year built
    1960
    Flooring type
    Concrete, Laminate, Tile
    Building materials
    Brick, Concrete
    Roof type
    Asphalt, Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Alan Button
    Alan Button

    Listing agent Alan Button License #0546917

    Listing office Stag Residential 1720 Westminster St, Denton, TX

    Listing date Apr 17, 2025

    MLS# 20899122 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

    Charming Retail Building in Krum

    This 2,975 sq ft commercial building is located in downtown Krum. Currently operating as a successful salon, the property is situated in a highly visible location with excellent foot traffic and easy access. The flexible layout can be adapted for a wide range of uses including retail, office, salon-spa, boutique, or professional services. The property is located in a community that is experiencing fast-paced growth and development. The lot size is 0.072 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lisa Marie's Stockyard ... Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Krum
    County
    Denton
    State
    Texas
    Longitude
    -97.238534
    Latitude
    33.261972

    Nearby Similar for Sale

    • $985,000
      2,310 SF

      Krum Ranch with Modern Home

      Contemporary ranch home on 14.64 acres, perfect for country living.
      2390 S Branch Road, Krum, TX 76249
      View Details
    • $474,900
      2,300 SF

      Spacious Home on Peaceful Acres

      Five-bedroom home on 4.27 acres in Krum, Texas.
      10903 Jackson Road, Krum, TX 76249
      View Details
    • $1,900,000
      2,400 SF

      Krum Horse Property with Arena

      26.48 acre horse property with custom home and arena.
      13435 Jackson Road, Krum, TX 76249
      View Details
    • $2,350,000

      Highway 380 Industrial Opportunity

      4 acres with office, shop, and easy highway access.
      16410 US Highway 380 W, Krum, TX 76249
      View Details
    • $799,000
      1,545 SF

      Krum, Texas Farm and Ranch

      12-acre Krum, Texas property with pool, pond, and RV parking.
      2752 S Branch Road, Krum, TX 76249
      View Details

    FAQs

    What type of property is this?
    Retail property - 2,975 SF commercial building in a high-traffic location.
    Where is this retail property located?
    The property is located at 206 W Mccart Street Krum, TX.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: Prime commercial building in the heart of downtown Krum.; High‑visibility location with excellent foot traffic.; Versatile 2,975 sq ft space adaptable for various uses.
    (940) 400-7824
    We can help!
    Listing Contact
    Alan Button
    Alan Button
    Real Estate License ID: 0546917
    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!