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    The Largest CRE Database in the US with Over 1 Million Listings

    21891 Us Highway 80 Wills Point, TX 75169

    Sponsored
    For Lease
    $2,400 /Mo

    Retail - Wills Point, TX

    Type:Retail
    Lot size:
    3.92 Acres
    Days on Market:
    116
    Last Refresh:
    Jan 25 at 9:06 am

    Property Features for 21891 Us Highway 80

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    APN
    R000039478
    Parking features
    Open, Parking Lot
    Lot size
    3.92 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2020
    Flooring type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Stacey Moore
    Stacey Moore

    RE/MAX Landmark Rose (972) 524-2525

    Listing agent Stacey Moore (903) 567-3100 License #0678579

    Listing date Oct 2, 2025

    MLS# 21068838 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.

    Learn more

    Property Insight Report

    Overview

    Highway 80 Retail Opportunity

    This commercial property is located directly on State Highway 80, offering high visibility and traffic. The available space, Unit 102, features 2,400 square feet with tall ceilings, creating an open and flexible environment suitable for various business types. The space is configurable and ideal for a growing enterprise, a medical office, or a multi-office professional suite. There are two dedicated parking lots providing ample parking for clients, customers, and staff. Unit 102 is a blank canvas ready to be finished out to suit specific needs, perfect for retail, office, studio, or medical use. Unit 103 is also available and features two private offices, a half bath, and is ready for immediate occupancy or customization. The property is located in Wills Point, Texas, in Van Zandt County. The lot size is 3.92 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Hotel & Motel Storage Facility Discount Store Car Rental Smoke and Vape Shop Veterinary Clinic Tattoo & Piercing Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wills Point
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.961383
    Latitude
    32.699455

    Nearby Similar for Lease

    • $2,000 /Mo
      77,101 SF

      Prime Commercial Space For Lease

      Spacious commercial property in a thriving downtown area on Main Street.
      566 N 4Th St, Wills Point, TX 75169
      View Details
    • $2,760 /Mo
      170,755 SF

      Highway 80 Retail/Office Space

      Prime commercial property on State Highway 80 with high visibility.
      21891 Us Highway 80, Wills Point, TX 75169
      View Details
    • $1,990 /Mo
      5,750 SF

      Downtown Corner Retail Opportunity

      Historic downtown Wills Point retail space available for lease.
      145 N 4Th St, Wills Point, TX 75169
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime commercial space on Highway 80, ideal for various businesses.
    Where is this retail property located?
    The property is located at 21891 Us Highway 80 Wills Point, TX.
    What is the lease rate?
    The lease rate is $0.17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location directly on State Highway 80 with high visibility and traffic count.; - Versatile 2,400 sq ft space with tall ceilings suitable for various business types (retail, office, studio, medical).; - Two dedicated parking lots providing ample parking for clients, customers, and staff.
    (903) 567-3100
    Request Owner's contact information
    21891 Us Highway 80 Wills Point, TX 75169
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    Wills Point, TX 75169
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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
    21891 Us Highway 80 Wills Point, TX 75169
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    We can help!
    Listing Contact
    Stacey Moore
    Stacey Moore
    Real Estate License ID: 0678579
    (903) 567-3100
    Learn more
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