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    Highway Frontage Commercial Property Title is generated by Realmo AI

    2910 E Highway 114, Boyd, TX 76023

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    Claim this Listing
    For Sale
    $525,000

    Warehouse - Boyd, TX

    Type:Warehouse
    Property size:
    2,000 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $262/SF
    Added:
    Apr 10, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 1 at 2:06 pm

    Property Features for 2910 E Highway 114

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Parking features
    Carport, Covered, Garage, Parking Lot, Unassigned
    Standard status
    Active
    APN
    741789
    Size
    2,000 SF
    Lot size
    2.50 Acres

    Utilities

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

    Building Details

    Year built
    1957
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Anthony Butcher

    Listing agent Anthony Butcher License #0573613

    Listing office 1st Choice Realty P O Box 147, Quinlan, TX

    Listing date Apr 10, 2026

    MLS# 21235896 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.

    HighLights

    • Prime 2.5‑acre commercial property with 200+ feet of frontage on Highway 114.
    • High traffic location with daily counts approaching 10,000 vehicles.
    • 50x40 metal workshop with 14‑foot roll‑up doors.
    • Approximately 90,000+ square foot rock yard designed for heavy machinery and tractor‑trailer operations.
    • Utilities in place: water well, septic system, and electricity.
    • Located outside city limits, allowing flexible use with minimal restrictions.

    Overview

    This 2.5-acre commercial property is located on Highway 114 and features over 200 feet of road frontage. Daily traffic counts in the area approach 10,000 vehicles, offering strong visibility and convenient access. Improvements include a 50x40 metal workshop with 14-foot roll-up doors, water service, a mobile office with restroom, and a large covered area suitable for equipment or vehicle storage. The property also features an approximately 90,000+ square foot rock yard designed to accommodate heavy machinery and tractor-trailer operations. Utilities in place include a water well, septic system, and electricity. Situated outside city limits, the location allows for flexible use with minimal restrictions. The property is suitable for oil and gas service operations, construction and trade services, automotive or mechanical use, light industrial applications, or future development opportunities.

    Local Financial Insights For Retail

    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 $49.9k $24.96
    − Vacancy −$2.5k −$1.25
    EGI $47.4k $23.71
    − OpEx −$14.2k −$7.11
    NOI $33.2k $16.60
    2,000 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $474.2K
    $415.0K – $553.3K (±1% cap)
    NOI $33,197 @ 7.0% cap · market cap 6.32%
    Second Best
    Warehouse
    $184.5K
    $161.5K – $215.3K (±1% cap)
    NOI $12,916 @ 7.0% cap · market cap 2.46%
    Theoretical Best
    Hotel Hospitality
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,450 @ 7.0% cap · market cap 20.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom

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

    Similar Places Nearby

    • Quail Ridge RV Park — 2540 E State Hwy 114, Boyd, TX 76023
    • Abel Mini Storage — Smith St, Boyd, TX 76023

    Location Insight

    • Map
    • Local Demand
    City
    Boyd
    County
    Wise
    State
    Texas
    Longitude
    -97.587654
    Latitude
    33.074776

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    FAQs

    What type of property is this?
    Warehouse - 2.5-acre commercial property with workshop and highway frontage.
    Where is this warehouse located?
    The property is located at 2910 E Highway 114 Boyd, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime 2.5‑acre commercial property with **200+ feet of frontage on Highway 114.**; High traffic location with daily counts approaching 10,000 vehicles.; **50x40 metal workshop with 14‑foot roll‑up doors.**
    (903) 356-4600
    We can help!
    Listing Contact
    Anthony Butcher
    Real Estate License ID: 0573613
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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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