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    Highway Frontage Industrial Lease Opportunity Title is generated by Realmo AI

    501 W Highway 199, Springtown, TX 76082

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    Claim this Listing
    For Lease
    $5,000/Mo $8 SF/Yr (calc)

    Industrial - Springtown, TX

    Type:Industrial
    Property size:
    7,185 SF
    Lot size:
    2.00 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    139
    Last Refresh:
    May 31 at 10:06 pm

    Property Features for 501 W Highway 199

    General Information

    Property type
    Other
    Property subtype
    Industrial
    Parking features
    Open
    Standard status
    Active
    APN
    R000034078
    Size
    7,185 SF
    Lot size
    2.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2015
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Paula Gallego
    Paula Gallego

    Listing agent Paula Gallego License #0578178

    Listing office Keller Williams Realty 2106 E State Hwy 114, Ste 101, Southlake, TX

    Listing date Jan 12, 2026

    MLS# 21107039 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

    • High visibility location with convenient access to Highway 199.
    • 7,185 SF of total leasable space across two buildings.
    • Multiple oversized roll‑up bay doors for easy access.
    • Large lot with fenced yard, suitable for storage or parking.
    • Solid concrete block construction with wide open bays.
    • Dedicated office area and one bathroom.

    Overview

    This industrial lease opportunity offers high visibility and convenient access along Highway 199 in Springtown. The property provides 7,185 square feet of total leasable space across two separate buildings, making it suitable for businesses needing generous workspace and yard area. The main building features multiple oversized roll-up bay doors for easy access for vehicles, equipment, and deliveries. Its solid concrete block construction and wide open bays allow for a variety of industrial uses. The second building offers additional enclosed space suited for storage or extra operational needs. Inside, the property includes a dedicated office area and one bathroom. Situated on a 2-acre lot with a fenced yard, the property offers ample outdoor space for storage, equipment staging, or fleet parking. With highway frontage, multiple drive-in bays, and abundant parking, this space is a fit for businesses looking for functionality, accessibility, and room to grow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens pharmacy Pharmacy Walgreens Pharmacy Brookshire's Grocery & Convenience Store Redbox Cinema Western Union Bank

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.69142
    Latitude
    32.965033

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    FAQs

    What type of property is this?
    Industrial property - Industrial lease with highway visibility, workspace, and yard in Springtown.
    Where is this industrial property located?
    The property is located at 501 W Highway 199 Springtown, TX.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: High visibility location with convenient access to Highway 199.; 7,185 SF of total leasable space across two buildings.; Multiple oversized roll‑up bay doors for easy access.
    (817) 329-8850
    We can help!
    Listing Contact
    Paula Gallego
    Paula Gallego
    Real Estate License ID: 0578178
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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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