Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9805 State Highway 171 Itasca, TX 76055

    Sponsored
    For Sale
    $210,000

    Multiple Single Units - Itasca, TX

    Property size:
    2,672 SF
    Lot size:
    0.48 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 24 at 9:06 am

    Property Features for 9805 State Highway 171

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    4
    APN
    118525
    Parking
    6
    Parking features
    Driveway
    Appliances
    Dishwasher, Range, Washer
    Size
    2,672 SF
    Lot size
    0.48 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1997
    Floors in Building
    1
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jimmy Henderson
    Jimmy Henderson

    Pure Broker, LLC (512) 800-6984

    Listing agent Jimmy Henderson (817) 851-8787 License #0644214

    Listing date Jan 1, 2026

    MLS# 20934613 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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Investment Property in Itasca

    This property features three fully occupied units, all covered under a single lease agreement through March 2026. The property is a turnkey investment with rental income. It offers a stabilized investment opportunity with tenants in place and long-term lease security. The lot size is 0.48 acres. The property contains 2,672 square feet and is located in Itasca, Texas. Seller financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Discount Store Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    Hill
    State
    Texas
    Longitude
    -97.225559
    Latitude
    32.127581

    Nearby Similar for Sale

    • $160,000
      0.08 Acres

      Downtown Itasca Flex Retail Space

      Flex retail space in downtown Itasca with living quarters.
      103 W Main St, Itasca, TX 76055
      View Details
    • $175,000
      0.05 Acres

      Operating Restaurant Space For Sale

      Restaurant space for sale, equipped and ready for modification.
      140 W Main St, Itasca, TX 76055
      View Details
    • $385,000
      0.19 Acres

      Cash Flowing Car Wash Business

      Turnkey car wash business opportunity in Itasca, Texas.
      108 E Main St, Itasca, TX 76055
      View Details
    • $109,000
      0.16 Acres

      Remodeled Building in Downtown Itasca

      Remodeled building in central business area, suitable for various uses.
      109 W Main St, Itasca, TX 76055
      View Details
    • $795,000
      0.17 Acres

      New Construction Itasca 5-Plex Investment

      New construction 5-plex in Itasca, TX, fully leased and income-producing.
      105 W North St, Itasca, TX 76055
      View Details
    • $165,000

      Repurposed Seed Grain Building

      10,000+ sqft building on over an acre of land.
      109 N Wall St, Itasca, TX 76055
      View Details
    • $9,991,000

      Farms and Ranches for Sale

      Farms and ranches available for purchase.
      934 Fm-934, Itasca, TX 76055
      View Details
    • $775,000

      Fm 66 Agricultural Property

      Agricultural property located on Fm 66, Itasca, Texas.
      834 Fm 66, Itasca, TX 76055
      View Details
    • $200,000
      2,100 SF

      Itasca Restaurant Space - Lease

      Turnkey Restaurant, Downtown Itasca, TX
      140 Main St, Itasca, TX 76055
      View Details
    • $385,000
      9,170 SF

      Downtown Itasca Car Wash Business

      Prime Location, High Traffic, Turnkey Operation
      108 Main St, Itasca, TX 76055
      View Details
    • $200,000
      2,100 SF

      Prime Itasca Restaurant - $200K

      Turnkey Restaurant, Downtown Itasca, TX
      140 Main St, Itasca, TX 76055
      View Details
    • $179,900
      2,000 SF

      Itasca Mixed-Use Commercial Space

      Downtown Itasca, Texas - Prime Location
      103 Main St, Itasca, TX 76055
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex with long-term lease and seller financing.
    Where is this triplex located?
    The property is located at 9805 State Highway 171 Itasca, TX.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - Fully occupied with a single lease agreement in place through March 2026, ensuring immediate and consistent rental income.; - Turnkey investment property requiring low maintenance and offering immediate returns.; - Seller financing options are available.
    (817) 851-8787
    Request Owner's contact information
    9805 State Highway 171 Itasca, TX 76055
    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.
    9805 State Highway 171
    Itasca, TX 76055
    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
    9805 State Highway 171 Itasca, TX 76055
    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

    We can help!
    Listing Contact
    Jimmy Henderson
    Jimmy Henderson
    Real Estate License ID: 0644214
    (817) 851-8787
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.