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    Multi-Use Commercial Property with Gas Title is generated by Realmo AI

    28323 Interstate 20, Wills Point, TX 75169

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    For Sale
    $895,000

    COMMERCIAL - Wills Point, TX

    Lot size:
    10.00 Acres
    Added:
    May 27, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 28323 Interstate 20

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Garage, Carport
    Security features
    Security
    Standard status
    Active
    APN
    R000040841
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 10+- ABST: 894 SUR: J WELCH
    Tax Annual Amount
    3572

    Utilities

    Utilities
    Propane
    Sewer type
    Aerobic Septic
    Heating system
    Propane (Heating), Electric (Heating), Central
    Cooling system
    Electric, Central Air, Window Unit(s)

    Building Details

    Year built
    1969
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Tile, Vinyl, Wood
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Bob Reese
    Bob Reese

    Listing agent Bob Reese License #0520615

    Listing office RE/MAX Landmark Rose Canton, TX

    Listing date May 27, 2026

    MLS# 20792428

    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.

    HighLights

    • Approximately 10 acres included (or approx. 2.5 acres option, see MLS #20794401) with additional access via private road on the south property line
    • Over 3,000 SF residence with 4 bedrooms and 3 baths, plus swimming pool, garage, and carports
    • Restaurant and store are fully equipped and operational, with seating for more than 70 and a commercial kitchen
    • On‑site standby generator for back‑up power and a walk‑in cooler
    • Fuel pumps for both diesel and gasoline, with parking lot plus garage and carport space
    • Roof is composition; heating/cooling includes central and propane, with electric and window units; aerobic septic

    Overview

    This is a rare, ongoing multi-use commercial opportunity combining a restaurant, retail store, fuel service, and an attached residence. The restaurant and store are fully equipped and operational, with a commercial kitchen, walk-in cooler, seating for more than 70 guests, and a large standby generator for backup power. Fuel service includes pumps for both diesel and gasoline. The property also includes a residence over 3,000 square feet with four bedrooms, three baths, a swimming pool, a garage, and carports.

    The site is located in Wills Point, just off major exit ramps on Interstate 20 and with large signage visible from high-traffic I-20. In addition to the primary access, additional access is available via a private road along the south property line.

    The full site size presents room to grow, with potential expansion for an RV park, tiny home park, or other commercial uses. This property may appeal to buyers seeking an established operator setup, or to investors interested in value-add development while maintaining current income from the restaurant, retail, and fuel operations. The owner is available to assist with the transition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hotel & Motel Auto Repair Shop Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Nursing Home Nursing Home

    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
    -96.01597
    Latitude
    32.6301

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    FAQs

    What type of property is this?
    Gas station - Operational restaurant and retail use with diesel and gasoline fuel service, plus a sizable residence and expansion potential.
    Where is this gas station located?
    The property is located at 28323 Interstate 20 Wills Point, TX.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Approximately 10 acres included (or approx. 2.5 acres option, see MLS #20794401) with additional access via private road on the south property line; Over 3,000 SF residence with 4 bedrooms and 3 baths, plus swimming pool, garage, and carports; Restaurant and store are fully equipped and operational, with seating for more than 70 and a commercial kitchen
    (972) 524-2525
    We can help!
    Listing Contact
    Bob Reese
    Bob Reese
    Real Estate License ID: 0520615
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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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