Cinder Block Workshop with
247 Rhoades Lane Springtown, TX 76082
For Sale
$150,000
COMMERCIAL - Springtown, TX
Property Size1,100 SF
Lot Size1.00 Acre
Price / SF$136.36
Days on Market9
Property Features for 247 Rhoades Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage, Carport
- Standard status
- Active
- APN
- R000092983
- Size
- 1,100 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- ACRES: 2.000 ABST: 2031 SURVEY: MALOTT L J TR
- Tax Annual Amount
- 923
Utilities
- Sewer type
- Septic Tank
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Concrete
- Roof type
- Metal
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Suzanne Eldridge Gore · License #0586636
(888) 519-7431
Added: Jul 17
Changed: Jul 25
Last Checked: Jul 25 at 6:06AM
MLS# 21313048
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.
Investment Insights
Based on property information with market context.
A versatile cinder block and concrete shop building with double wide doors on each end and a back room suited for storage, an office, or other uses. The property includes approximately 200 amp underground electric service with a new breaker panel, three LED shop lights, and two 62-inch indoor/outdoor ceiling fans. Two 50 amp outlets are already installed, including one set up for an air compressor with air lines running to the front shop.
The yard is approximately half fenced, offering practical space for equipment or vehicles. The property is located outside city limits with no HOA and no restrictions, and it sits about 1,000 feet from Highway 199 behind the Dollar Store. Water service is provided by Walnut Creek Water Supply.
Set on approximately one acre, the site provides room for parking and flexible on-site use alongside the existing workshop improvements.
The yard is approximately half fenced, offering practical space for equipment or vehicles. The property is located outside city limits with no HOA and no restrictions, and it sits about 1,000 feet from Highway 199 behind the Dollar Store. Water service is provided by Walnut Creek Water Supply.
Set on approximately one acre, the site provides room for parking and flexible on-site use alongside the existing workshop improvements.
Key Highlights
- Approx. 1,000 SF cinder block and concrete shop built in 1984, with double wide doors on each end
- Shop includes 200 amp underground electric service, new breaker panel, and three LED shop lights
- Two 50 amp outlets pre‑installed, including one for an RV/welder and one for an air compressor with air lines to the front shop
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.9k | $9.00 |
| − Vacancy | −$901 | −$0.82 |
| EGI | $9.0k | $8.18 |
| − OpEx | −$1.3k | −$1.23 |
| NOI | $7.6k | $6.95 |
1,100 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$109.3K
$95.6K – $127.5K
NOI $7,649 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.09M
$956.4K – $1.28M
NOI $76,512 @ 7.0% cap · market cap 51.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
FAQs
What type of property is this?
Warehouse - Freestanding cinder block shop with double wide doors, fenced yard, and underground electric service on about one acre.
Where is this warehouse located?
The property is located at 247 Rhoades Lane Springtown, TX.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Approx. 1,000 SF cinder block and concrete shop built in 1984, with double wide doors on each end; Shop includes 200 amp underground electric service, new breaker panel, and three LED shop lights; Two 50 amp outlets pre‑installed, including one for an RV/welder and one for an air compressor with air lines to the front shop
