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    Unimproved Land with Metal Building Title is generated by Realmo AI

    5394 W Highway 199 Highway, Springtown, TX 76082

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    Claim this Listing
    For Sale
    $1,750,000

    Unimproved Land - Springtown, TX

    Type:Unimproved Land
    Lot size:
    8.99 Acres
    Added:
    Aug 27, 2025
    Days on Market:
    255
    Last Refresh:
    May 8 at 8:06 pm

    Property Features for 5394 W Highway 199 Highway

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000038646
    Lot size
    8.99 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Garrett Mauldin

    Listing agent Garrett Mauldin License #0802832

    Listing office Slate Real Estate 7617 Prather, Springtown, TX

    Listing date Aug 27, 2025

    MLS# 20393771 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

    • Unrestricted zoning allows for diverse commercial or other uses.
    • New 50X60 metal building with three drive‑through bays and a 20ft concrete wash pad.
    • Shop features include electric, water, air lines to all corners, and a dedicated bathroom.
    • Attached 30X40 office space with 2 rooms, bathroom, conference room, and break room (currently being built out and spray foamed).
    • Majority of the property is enclosed with new top rail no‑climb fencing.
    • Includes 5 RV hookups at the back of the property.

    Overview

    This property is situated in a prime location suitable for various commercial ventures due to its unzoned status. It features a new 50x60 metal building equipped with four 12x16 roll-up doors, three of which provide drive-through bays. A 20ft awning extends from the front of the shop, complemented by a 20ft concrete wash pad on the west side. The shop is equipped with electric and water connections, air lines to all four corners, and a dedicated bathroom. Connected to the shop via an entry and exit door is a 30x40 office space, which includes two office rooms, a bathroom, a conference room, and a break room. The office is currently being built out and will be spray foamed. The majority of the 8.99-acre property is enclosed with a new top rail no-climb fence. An additional 60x80 storage building is located on the east side of the property. Furthermore, the property includes five RV hookups at the rear.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.6513
    Latitude
    32.9715

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    FAQs

    What type of property is this?
    Commercial land - 8.99 acres of land with a new metal building.
    Where is this commercial land located?
    The property is located at 5394 W Highway 199 Highway Springtown, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Unrestricted zoning allows for diverse commercial or other uses.; New 50X60 metal building with **three drive‑through bays** and a **20ft concrete wash pad**.; Shop features include electric, water, air lines to all corners, and a dedicated bathroom.
    (817) 771-8377
    We can help!
    Listing Contact
    Garrett Mauldin
    Real Estate License ID: 0802832
    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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