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    Lockhart Rd Stephenville, TX 76401

    For Sale
    $675,000

    3.16 Acres, Prime Location, Negotiable Price

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 3.16-acre commercial property presents a unique investment opportunity in Stephenville, Texas. Strategically located approximately 500 feet south of Washington Street (U.S. Hwy 377), this land enjoys high visibility in a rapidly developing commercial area. Its prime location directly behind the Holiday Inn Express and adjacent to a new construction project ensures significant future growth potential. The property offers ample space for a wide range of commercial ventures, making it ideal for developers and businesses seeking expansion. Phase one environmental studies are complete, and a survey is available, streamlining the development process. While a portion of the land falls within a designated flood plain, this factor is reflected in the negotiable pricing structure. The asking price is $675,000, and serious offers are encouraged. This is a rare chance to acquire a substantial parcel in a thriving Texas town, poised for continued commercial expansion. Don't miss this chance to secure a piece of Stephenville's future. Contact us today to learn more and schedule a site visit.

    Property Features for Lockhart Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    137,650 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.2411
    Latitude
    32.20317

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    FAQs

    What type of property is this?
    Commercial real estate - 3.16 Acres, Prime Location, Negotiable Price
    Where is this commercial real estate located?
    The property is located at Lockhart Rd Stephenville, TX.
    What is the asking price?
    The asking price for this property is $675,000.
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    Lockhart Rd Stephenville, TX 76401
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    Realmo Value Estimation

    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.

    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.

    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
    Lockhart Rd Stephenville, TX 76401
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