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

    508 Devine St Stephenville, TX 76401

    Sponsored
    For Sale
    $150,000

    Versatile Metal Building, Great Location

    Property size:
    1,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    368
    This exceptional 1,200 square foot metal building presents a unique investment opportunity in Stephenville's vibrant downtown district. Situated on a 0.11-acre lot, the 30' x 40' structure boasts a concrete slab floor and a convenient sliding door, ideal for accommodating vehicles within the workspace. The building is equipped with readily available electricity and water utilities, adding to its practicality and functionality. A half-bath is included for added convenience. Ample paved parking is situated directly in front of the building, ensuring easy access for customers and employees. The property's versatile design lends itself to a wide range of commercial uses, making it an attractive prospect for entrepreneurs and investors alike. Its prime downtown location offers excellent visibility and accessibility, providing a strong foundation for a thriving business. The asking price of $150,000 represents a compelling value for this well-maintained and strategically positioned property. This is a rare opportunity to acquire a ready-to-use commercial space in a thriving Texas town. The building's sturdy construction and practical features make it a sound investment with significant potential for future growth and profitability. Don't miss out on this chance to establish your business in a highly desirable location.

    Property Features for 508 Devine St

    General Information

    Property type
    Investment properties
    Square Feet
    1,200 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Larinda Ray

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.19777
    Latitude
    32.21934

    Nearby Similar for Sale

    • $985,000
      0.36 Acres

      Boutique Hotel Near Tarleton University

      Turn-key boutique hotel near Tarleton State University.
      1092 W Tarleton St, Stephenville, TX 76401
      View Details
    • $3,999,999
      15,090 SF

      Multifamily Property with Equine Amenities

      Versatile investment property in Stephenville, Texas, with residential and equine facilities.
      120 Bunkhouse Rd, Stephenville, TX 76401
      View Details
    • New
      $2,700,000
      298.00 Acres

      Erath County Ranchland Opportunity

      298-acre ranch featuring grazing land, wildlife habitat, and scenic views.
      Tbd County Rd 403, Stephenville, TX 76401
      View Details
    • $4,500,000
      80.01 Acres

      Premier Equestrian Facility Near Stephenville

      Turn-key horse property with world-class training amenities and ranch comfort.
      6670 A Fm 2303, Stephenville, TX 76401
      View Details
    • $6,750,000
      146.43 Acres

      Stephenville Event Center on 146+ Acres

      Commercial property with event center, residences, and extensive amenities.
      4696-b Hwy 377 N, Stephenville, TX 76401
      View Details
    • $3,300,000
      3,500 SF

      Turnkey Horse Property with Arena

      Well-kept horse property featuring two homes, barns, and outdoor arena.
      24860 N Us Highway 281, Stephenville, TX 76401
      View Details
    • $999,000
      5.00 Acres

      Turnkey Investment Property on 5 Acres

      Income-producing property with expansion potential, featuring multiple units and amenities.
      1450 Lincoln Dr, Stephenville, TX 76401
      View Details
    • $849,000
      1,935 SF

      Stephenville Farm/Ranch on 27 Acres

      Custom home on 27 acres in Huckabay school district.
      493 Private Road 1673, Stephenville, TX 76401
      View Details
    • $925,000
      2,306 SF

      Stephenville Farm and Ranch Property

      Sprawling property with log home, horse barn, and country living.
      4155 County Road 188, Stephenville, TX 76401
      View Details
    • $995,000
      3,412 SF

      Historic Ranch Near Stephenville, TX

      Updated 1870s home on 55 acres near Stephenville.
      7474 Us Highway 67, Stephenville, TX 76401
      View Details
    • $599,000
      1,737 SF

      Turn-Key Horse Property Near Stephenville

      Move-in ready horse property with barndo, arena, shop, and barn.
      3385 County Road 275, Stephenville, TX 76401
      View Details
    • $345,000
      0.50 Acres

      Stephenville Duplex Near Tarleton State

      Spacious duplex near Tarleton State, ideal for investors or families.
      910 W Long St, Stephenville, TX 76401
      View Details

    FAQs

    What type of property is this?
    Investment property - Versatile Metal Building, Great Location
    Where is this investment property located?
    The property is located at 508 Devine St Stephenville, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    Request Owner's contact information
    508 Devine St Stephenville, TX 76401
    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.
    508 Devine St
    Stephenville, TX 76401
    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
    508 Devine St Stephenville, TX 76401
    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
    Larinda Ray
    Learn more
    Google sign-in failed. Please try again or use another login method.