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

    4230 Highway 67 Keene, TX 76031

    Sponsored
    For Sale
    $1,500,000

    Keene, TX: 11,500 SF Industrial, 2.25 Acres

    Property size:
    11,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    357
    This exceptional investment opportunity presents a fully leased industrial property ideally situated on Highway 67 in Keene, Texas. The property encompasses two parcels totaling 2.25 acres of land, offering significant frontage on the highway for optimal visibility and accessibility. The existing buildings comprise 11,500 square feet of usable space, currently generating a stable monthly income of approximately $11,000. The property also includes valuable outdoor storage areas, providing ample space for inventory or equipment. Beyond the existing structures, there's significant potential for expansion. The site allows for the construction of an additional 3,000 square feet of building space, catering to future growth or tenant needs. This presents a rare chance to acquire a well-located, income-producing industrial property with considerable upside potential in a thriving market. The property's strategic location on Highway 67 ensures easy access to major transportation routes, making it an attractive location for a variety of businesses. The combination of existing income, ample space, and expansion possibilities makes this a compelling investment opportunity for discerning buyers seeking a strong return on investment in the Keene, Texas area. The property is offered at $1,500,000.

    Property Features for 4230 Highway 67

    General Information

    Property type
    Industrial properties
    Square Feet
    11,500 SF
    Lot Size
    98,010 SF

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Madison Niles

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Keene
    County
    Johnson
    State
    Texas
    Longitude
    -97.29653
    Latitude
    32.39643

    Nearby Comparable

    • $1,500,000
      2.25 Acres

      Highway Frontage Industrial Opportunity

      2.25 acres with 11,500 sqft buildings, highway frontage.
      4230 Highway 67 E, Keene, TX 76031
      View Details
    • $98,500
      1.00 Acre

      Commercially Zoned Land Available

      One acre of commercially zoned land with utilities available.
      1311 Cr-702, Cleburne, TX 76031
      View Details
    • $1,200,000
      3.16 Acres

      Highway 67 Commercial Land

      3.16-acre commercial lot, prime location.
      3800 Highway 67, Cleburne, TX 76031
      View Details
    • $1,000,000

      Industrial Building with Residential Home

      Industrial building with office space and updated four-bedroom home.
      4728 Highway 67 E, Alvarado, TX 76009
      View Details
    • $1,000,000
      5,000 SF

      Alvarado Business & Home Combo

      Highway 67 Mixed-Use Property: $1M
      4728 Highway 67, Alvarado, TX 76009
      View Details
    • $110,000
      0.58 Acres

      Highway 67 Commercial Property

      Prime commercial land on high-traffic Highway 67 in Keene, TX.
      3701 Highway 67 E, Keene, TX 76031
      View Details
    • $479,000
      3.77 Acres

      High-Visibility Keene Commercial Land

      Prime 3.77-acre commercial lot, high traffic count.
      3515 Highway 67, Keene, TX 76031
      View Details
    • $3,299,000
      23.38 Acres

      Keene, TX Commercial Land

      23+ acres of commercial land with highway access in Keene.
      3516 Highway 67 E, Keene, TX 76031
      View Details
    • $299,500

      Keene Land with Development Potential

      Almost 5 acres with frontage in rapidly developing area.
      526 Wallen Rdg, Keene, TX 76059
      View Details
    • $295,000

      Highway Frontage Commercial Property

      Commercial property with highway frontage suitable for various business uses.
      212 E 67 Hwy, Keene, TX 76059
      View Details
    • $295,000
      0.26 Acres

      Highway Frontage Business Location

      Unique property with highway frontage, ideal for various business ventures.
      212 E 67 Hwy, Keene, TX 76059
      View Details

    Nearby Similar for Sale

    • $295,000
      0.26 Acres

      Highway Frontage Business Location

      Unique property with highway frontage, ideal for various business ventures.
      212 E 67 Hwy, Keene, TX 76059
      View Details
    • $295,000

      Highway Frontage Commercial Property

      Commercial property with highway frontage suitable for various business uses.
      212 E 67 Hwy, Keene, TX 76059
      View Details
    • $265,000
      1,520 SF

      Highway 67 Keene Commercial Property

      Versatile Keene commercial space, high visibility.
      212 67 Hwy, Keene, TX 76059
      View Details
    • $479,000
      3.77 Acres

      High-Visibility Keene Commercial Land

      Prime 3.77-acre commercial lot, high traffic count.
      3515 Highway 67, Keene, TX 76031
      View Details

    FAQs

    What type of property is this?
    Industrial property - Keene, TX: 11,500 SF Industrial, 2.25 Acres
    Where is this industrial property located?
    The property is located at 4230 Highway 67 Keene, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    4230 Highway 67 Keene, TX 76031
    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.
    4230 Highway 67
    Keene, TX 76031
    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
    4230 Highway 67 Keene, TX 76031
    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
    Madison Niles
    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.