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    500 Fm 1198 Muenster, TX 76252

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    Claim this Listing
    For Sale
    $3,250,000

    Warehouse - Muenster, TX

    Type:Warehouse
    Property size:
    8,000 SF
    Lot size:
    13.57 Acres
    Price / SF:
    $406/SF
    Added:
    Jan 16, 2025
    Days on Market:
    470
    Last Refresh:
    May 1 at 9:06 am

    Property Features for 500 Fm 1198

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Parking features
    Carport, Covered, Garage, Oversized
    Standard status
    Active
    APN
    26263
    Size
    8,000 SF
    Lot size
    13.57 Acres

    Utilities

    Heating system
    Central, Geothermal (Heating), Natural Gas, Propane (Heating)
    Cooling system
    Ceiling Fan(s), Geothermal

    Building Details

    Year built
    2000
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Cami Hobbs Riley

    Listing agent Cami Hobbs Riley License #0459845

    Listing office Keller Williams Prosper Celina 1212 S Preston Rd. STE. #120, Celina, TX

    Listing date Jan 16, 2025

    MLS# 20816502 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.

    Overview

    Muenster Warehouse with Living Quarters

    This property features an 8,000+ square foot mechanics shop with living quarters, in addition to a 4,912 square foot residence, situated on 13.57 acres. The two-story Colonial style home offers views overlooking pastures and rolling countryside. The home includes a kitchen, a master suite featuring a large jacuzzi style tub and gas fireplace, custom woodwork, extensive crown molding, and a back porch with gas and outdoor sound. The property is energy efficient with a water well, Geo-thermal HVAC, and double foam insulation. The 8,000+ square foot workshop is suited for car enthusiasts or business ventures. The property is located in a quiet country setting near Muenster, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Repair Shop Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Muenster
    County
    Cooke
    State
    Texas
    Longitude
    -97.312892
    Latitude
    33.638477

    Nearby Similar for Sale

    • $2,212,000

      158-Acre Muenster Ranch with Income

      158-acre ranch near Muenster, TX with income potential.
      3207 County Road 431, Muenster, TX 76252
      View Details
    • $474,000
      1,359,943 SF

      31.22 Acres Farm Ready Property

      31.22 acres fenced property suitable for farming and ranching.
      986 Cr-350, Muenster, TX 76252
      View Details

    FAQs

    What type of property is this?
    Warehouse - 8,000 sq ft shop with residence on 13.57 acres.
    Where is this warehouse located?
    The property is located at 500 Fm 1198 Muenster, TX.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: 8,000 sq ft mechanics shop with living quarters, ideal for business or car enthusiasts.; 4,912 sq ft two‑story Colonial residence with pasture and countryside views.; Energy‑efficient home with water well, geothermal HVAC, and double foam insulation for low electric bills.
    (972) 382-8882
    We can help!
    Listing Contact
    Cami Hobbs Riley
    Real Estate License ID: 0459845
    Learn More
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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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    500 Fm 1198, Muenster, TX 76252

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