Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Reno, TX Commercial Land Title is generated by Realmo AI

    4861 E Highway 199, Reno, TX 76082

    View on Map
    Claim this Listing
    For Sale
    $999,000

    Business - Reno, TX

    Type:Business
    Property size:
    2,200 SF
    Lot size:
    1.39 Acres
    Price / SF:
    $454/SF
    Added:
    Mar 11, 2026
    Days on Market:
    82
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for 4861 E Highway 199

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Garage, Open
    Standard status
    Active
    APN
    R000054225
    Size
    2,200 SF
    Lot size
    1.39 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2004
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Alice Winegar
    Alice Winegar

    Listing agent Alice Winegar License #0488409

    Listing office Prime Realty, LLC 5318 Birchman Ave., ALEDO, TX

    Listing date Mar 11, 2026

    MLS# 21188870 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 location on Highway 199 in Reno, Texas, ideal for business.
    • Significant highway frontage (355.47 feet) on 1.39 acres, offering excellent visibility.
    • Conveniently located near major cities: 25 miles from Fort Worth, 18 miles from Weatherford, 3 miles from Azle, and 18 miles from Decatur.
    • Existing structure with 1980 sq ft of combined home and office space, plus an additional 880 sq ft of potentially enclosed porch space.
    • Durable R panel steel construction with non‑load bearing walls, allowing for flexible interior layouts.
    • Road base parking already in place on one‑third of the property.

    Overview

    Located at 4861 East Highway 199 in Reno, Texas, this commercial property features 1.39 acres of land with 355.47 feet of highway frontage. Currently, one third of the land is utilized for road base parking. The property includes a home and office with a combined area of 1980 square feet, constructed from R panel steel without load bearing walls. An additional 880 square feet of porch space is present, which could be enclosed to create a total of 2,200 square feet of usable business area. Situated in Parker County, which is among the highest growing counties in Texas, the location is ideal for business. Springtown is expanding at a pace that surpasses 90% of other districts in the state. The property is conveniently located 25 miles from downtown Fort Worth, 18 miles from Weatherford, 3 miles from Azle, and 18 miles from Decatur.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Reno
    County
    Lamar
    State
    Texas
    Longitude
    -97.602514
    Latitude
    32.922548

    Nearby Similar for Sale

    • $599,000
      4,500 SF

      Reno, TX Commercial Opportunity

      2-acre property with 4,500 SF building on high-growth corridor.
      11361 & 11363 FM 730 N, Reno, TX 76020
      View Details
    • $829,500
      2,850 SF

      Commercial Property in Heart of Reno

      Versatile commercial property with open porch on over an acre.
      1530 E Reno Road, Reno, TX 75038
      View Details
    • $599,500
      1,400 SF

      Equestrian Retreat Barndominium

      8.86-acre equestrian property with barndominium, stalls, and shop.
      845 N Cardinal Road, Reno, TX 76020
      View Details
    • $775,000

      Renovated Multi-Unit Investment Property

      Turnkey multi-unit property with income potential in Reno, Texas.
      Tbd E Reno Road, Reno, TX 76020
      View Details
    • $399,900

      Reno, TX Commercial Property

      Commercial property at busy intersection, suitable for restoration or redevelopment.
      4397 E Highway 199, Reno, TX 76082
      View Details
    • $3,330,000

      Ranch Property with Pasture and Woods

      112-acre ranch with pasture, woods, and livestock amenities.
      161 E Reno Road, Reno, TX 76020
      View Details
    • $229,000

      Reno, TX Brick Duplex

      Investment opportunity with rental potential in Reno, Texas.
      735 Anderson Road, Reno, TX 75462
      View Details
    • $1,035,000

      36.51 Acres of Unimproved Land

      Land suitable for hunting, recreation, agriculture, or future development.
      1170 Arvel Circle, Reno, TX 76020
      View Details
    • $1,035,000

      Reno, TX Unimproved Land

      36.51 acres of land for hunting and recreation.
      1170 Arvel Circle, Reno, TX 76020
      View Details
    • $1,035,000

      Parker County Land Opportunity

      36.51 acres of land ideal for recreation or development.
      1170 Arvel Circle, Reno, TX 76020
      View Details
    • $1,245,000

      Reno, TX Unimproved Land

      51.838 acres of land for hunting and recreation.
      1620 W Timberlake Street, Reno, TX 76020
      View Details
    • $2,280,000

      Reno, TX Unimproved Land

      88.34 acres of land ideal for hunting and recreation.
      1620 W Timberlake Street, Reno, TX 76020
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property on 1.39 acres with highway frontage.
    Where is this commercial land located?
    The property is located at 4861 E Highway 199 Reno, TX.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Prime location on Highway 199 in Reno, Texas, ideal for business.; **Significant highway frontage (355.47 feet) on 1.39 acres, offering excellent visibility.**; Conveniently located near major cities: 25 miles from Fort Worth, 18 miles from Weatherford, 3 miles from Azle, and 18 miles from Decatur.
    (817) 441-7400
    We can help!
    Listing Contact
    Alice Winegar
    Alice Winegar
    Real Estate License ID: 0488409
    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

    Thank You for Inquiry
    4861 E Highway 199, Reno, TX 76082
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!