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    Flex Building with Climate-Controlled Retail Title is generated by Realmo AI

    515 FM 66, Itasca, TX 76055

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    For Sale
    $449,000

    SINGLE_FAMILY - Itasca, TX

    Type:Retail
    Property size:
    7,500 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $59/SF
    Added:
    May 24, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 515 FM 66

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Parking Lot, Open, Garage
    Standard status
    Active
    APN
    155343
    Size
    7,500 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    1 acre of E SANDERS A-831 TR 3 LT 1 & 3A 56.311 AC

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Electric (Heating), Central
    Cooling system
    Window Unit(s), Central Air, Electric
    Water source
    Well

    Building Details

    Year built
    2021
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Danna Guille -Chavez

    Listing agent Danna Guille -Chavez License #0809862

    Listing office Real Broker, LLC Grapevine, TX

    Listing date May 24, 2026

    MLS# 21279910

    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

    • 7,500 SF metal building built in 2021 with about 2,500 SF finished and climate‑controlled storefront/office setup
    • Warehouse area includes 3 roll‑up doors, loading dock, shop lift, and a 10x10 additional office
    • Includes a brand‑new, never‑used 10x8 walk‑in cooler
    • Two separate electrical panels for easier division of space; cooling includes central air plus window units
    • Utilities: separately metered electricity via Oncor and well water via Files Valley Water Supply Corporation; sewer via aerobic septic
    • 1‑acre offering outside city limits with fully enclosed metal fencing, gravel parking, and a non‑operational well about 50 ft from the front shop

    Overview

    Built in 2021, this 7,500-square-foot metal building combines a finished, climate-controlled area with a functional warehouse. Approximately 2,500 square feet is set up as a storefront, with commercial doors, an office, and a bathroom, offering an easy path to convert into a home, multi-unit setup, retail shop, or other business venture. A brand-new, never-used 10x8 walk-in cooler is included. The remaining 5,000 square feet is configured as warehouse space with three roll-up doors, a loading dock, a shop lift, and an additional 10x10 office. Two separate electrical panels support division of the space. Water and electricity are separately metered, with water provided through Files Valley Water Supply Corporation and electricity through Oncor, connected directly to the building.

    The property sits outside city limits and the seller notes there is no zoning and no known deed restrictions, expanding the range of potential uses. Gravel parking is in place and prepped for asphalt, and the fully enclosed site includes metal fencing and mature pecan trees. A non-operational well is located approximately 50 feet south of the front shop near the fence. This offering includes 1 acre, with additional acreage available by separate agreement.

    For buyers seeking a single-site setup that can support both customer-facing front-of-house needs and operational storage, this flex configuration is well suited. The roll-up doors, loading dock, and separate electrical panels make it practical for divided operations or multiple uses, and seller financing is available with a minimum of 20% down at 9% interest, with negotiable terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Benny's One Stop ... Grocery & Convenience Store U-Haul Neighborhood Dealer Car Rental Facility

    Suggested Use

    Food Market Grocery & Convenience Store Car Rental Facility Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    Hill
    State
    Texas
    Longitude
    -97.167989
    Latitude
    32.11066

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    FAQs

    What type of property is this?
    Flex space - A 2021 metal building with flexible finished space, warehouse doors, and utilities metered separately for adaptable commercial use.
    Where is this flex space located?
    The property is located at 515 FM 66 Itasca, TX.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: 7,500 SF metal building built in 2021 with about 2,500 SF finished and climate‑controlled storefront/office setup; Warehouse area includes 3 roll‑up doors, loading dock, shop lift, and a 10x10 additional office; Includes a brand‑new, never‑used 10x8 walk‑in cooler
    (214) 202-7615
    We can help!
    Listing Contact
    Danna Guille -Chavez
    Real Estate License ID: 0809862
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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.

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