Add Listing
    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

    952 State Highway 22 Whitney, TX 76692

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $265,000

    Commercial lot with covered parking near Lake Whitney.

    Property size:
    2,556 SF
    Added:
    Nov 25, 2024
    Days on Market:
    493
    Last Refresh:
    Mar 31 at 9:57 am

    Property Features for 952 State Highway 22

    General Information

    Standard status
    Active
    Size
    2,556 SF
    Property subtype
    Other

    We can help!

    Listing Contact
    Clayton Jewett
    Clayton Jewett

    Listing agent Clayton Jewett License #0623296

    Listing office Black Dog Realty Group, LLC

    Listing date Nov 25, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Black Dog Realty Group, LLC

    Overview

    Commercial Lot Near Lake Whitney

    This commercial lot, located just outside of Whitney, TX, offers various possibilities. The property includes 6 covered parking spaces, each equipped with electricity boxes suitable for boats or RVs. Additionally, there are 2 buildings that can be used for storage or renovated, along with extra covered parking for boats, RVs, and other vehicles. Situated in close proximity to Lake Whitney, the 2556 square foot property has potential for various business types.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitney
    County
    Hill
    State
    Texas
    Longitude
    -97.307265
    Latitude
    31.956577

    Nearby Similar for Sale

    • $339,900

      Office Space Near White Bluff Resort

      Office space or residence near White Bluff Resort, Whitney, TX.
      5528 Fm 933, Whitney, TX 76692
      View Details
    • $389,900

      Versatile Commercial Property Near Whitney

      Commercial property with main building, storage units, and secondary structure.
      4444 Fm 933, Whitney, TX 76692
      View Details
    • $2,500,000

      Turnkey Bar & Restaurant Business

      Thriving bar and restaurant near Lake Whitney for sale.
      3261 Fm 933, Whitney, TX 76692
      View Details
    • $800,000

      Lake Whitney RV Park Business

      Well-kept 4-acre RV park with lake access and multiple revenue streams.
      128 Yellowstone Drive, Whitney, TX 76692
      View Details
    • $150,000

      Land Near Lake Whitney

      One-acre property with high visibility and utilities in place.
      1023 Fm 1713, Whitney, TX 76692
      View Details
    • $875,000
      13,362 SF

      Retail Property with Vacant Space

      Retail property with Family Dollar and vacant, remodeled space.
      309 S Bosque Street unit: A-B, Whitney, TX 76692
      View Details
    • $265,000

      Commercial Land Near Lake Whitney

      Commercial lot with covered parking and renovation potential near Lake.
      952 State Highway 22, Whitney, TX 76692
      View Details
    • $1,499,950
      4,048 SF

      Texas Ranch with Fabrication Shop

      45-acre ranch featuring a fabrication shop and custom home.
      588 HCR 1231, Whitney, TX 76692
      View Details
    • $499,999

      Retail Building on Busy Highway

      Established smoke and chew shop with growth potential on busy highway.
      1225 N Brazos Street, Whitney, TX 76692
      View Details
    • $269,500

      Retail Property in Whitney, Texas

      Retail property with high visibility and ample parking.
      804 S Bosque Street, Whitney, TX 76692
      View Details
    • $389,250

      Land Suitable for Development

      Land in Whitney, TX, ideal for commercial or residential development.
      0000 Sims Drive, Whitney, TX 76692
      View Details
    • $89,900

      Unimproved Land in Whitney, Texas

      2.07 acres of land near Hillsboro, Texas.
      Lot 7 County Road 1306, Whitney, TX 76692
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Commercial lot with covered parking near Lake Whitney.
    Where is this parking lot & garage located?
    The property is located at 952 State Highway 22 Whitney, TX.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Seller financing available.; Commercial lot with endless business possibilities.; Located in close proximity to Lake Whitney.
    (817) 899-8985
    We can help!
    Listing Contact
    Clayton Jewett
    Clayton Jewett
    Real Estate License ID: 0623296
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!