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

    1208 Fisher St Goldthwaite, TX 76844

    Sponsored
    For Sale
    $299,500

    High-traffic location, versatile space, great potential.

    Property size:
    6,960 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    357
    This exceptional commercial property, situated at 1208 N Fisher in Goldthwaite, Texas, presents a unique investment opportunity. Boasting a total of 6,960 square feet on a 0.17-acre lot, this building is ideally located on US Highway 183 (Fisher Street), ensuring high visibility and accessibility. Currently configured as a repair shop, the property's adaptability allows for a wide range of commercial uses. The main building encompasses 6,480 square feet, complemented by an additional 480 square feet of office space. Two extra rooms are included, one featuring a walk-in safe, adding to the property's versatility. The building's exterior showcases a brick storefront, while the remainder is constructed of metal, offering convenient access via roll-up and standard doors. A paved alleyway provides access to the rear of the building, featuring double sliding doors and a standard door for added convenience. The property is priced at $299,500 and is offered without zoning restrictions, providing significant flexibility for future development and use. This prime commercial space offers substantial potential for growth and return on investment. Its strategic location and adaptable layout make it an attractive proposition for a variety of businesses.

    Property Features for 1208 Fisher St

    General Information

    Property type
    Investment properties
    Square Feet
    6,960 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Janette Padgett

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Goldthwaite
    County
    Mills
    State
    Texas
    Longitude
    -98.56953
    Latitude
    31.45202

    Nearby Similar for Sale

    • $2,509,795
      940 SF

      Colorado River Ranch Retreat

      295+ acre ranch with river frontage near Goldthwaite, Texas.
      15 W County Rd 426, Goldthwaite, TX 76844
      View Details
    • $1,445,000
      140.00 Acres

      Mills County Game Ranch

      Turnkey hunting and recreational ranch in Goldthwaite, Texas.
      267 Cr 112, Goldthwaite, TX 76844
      View Details
    • $1,500,000
      2,340 SF

      Texas Ranch with Pool and Shop

      86+ acre Texas retreat with pool, shop, and stunning views.
      391 County Road 411, Goldthwaite, TX 76844
      View Details
    • $425,000
      1,456 SF

      Texas Hill Country Farm/Ranch

      Move-in ready farm/ranch with updated features and scenic views.
      60 Cr 304, Goldthwaite, TX 76844
      View Details
    • $1,684,274
      177.29 Acres

      Goldthwaite Ranch with Equestrian Facilities

      177+ acre ranch featuring stables, arena, and multiple water sources.
      91 State Highway 16 S, Goldthwaite, TX 76844
      View Details
    • $449,000
      1,830 SF

      Home on Fenced Acreage

      Custom home on 10.1 acres near Goldthwaite, Texas.
      86 Cr 215, Goldthwaite, TX 76844
      View Details
    • $899,000
      121.00 Acres

      Legacy Ranch with Highway Frontage

      121-acre ranch near Goldthwaite, TX, with hunting and recreational potential.
      730 E State Hwy 84, Goldthwaite, TX 76844
      View Details
    • New
      $189,900
      20.03 Acres

      Central Texas Hill Country Ranch

      20.03 acre ranch with views and varied cover.
      277 N County Road 505, Goldthwaite, TX 76844
      View Details
    • $225,000
      0.21 Acres

      Corner Lot Retail Building

      2080 sq ft retail building on corner lot in Goldthwaite, TX.
      705 N Commercial Dr, Goldthwaite, TX 76844
      View Details
    • $322,000
      28.00 Acres

      27 Acres Near Goldthwaite

      27 acres near Goldthwaite, TX with creek and building sites.
      Tbd F.m. 3023 Hwy S, Goldthwaite, TX 76844
      View Details
    • $1,695,000

      Eagle's Nest RV & Storage

      85-site RV and storage park near Texas Triangle.
      2012 Fisher St, Goldthwaite, TX 76844
      View Details
    • $1,604,851

      Goldthwaite Farm to Market Property

      Farm and agricultural property available for sale in Goldthwaite, TX.
      Farm To Market, Goldthwaite, TX 76844
      View Details

    FAQs

    What type of property is this?
    Investment property - High-traffic location, versatile space, great potential.
    Where is this investment property located?
    The property is located at 1208 Fisher St Goldthwaite, TX.
    What is the asking price?
    The asking price for this property is $299,500.
    Request Owner's contact information
    1208 Fisher St Goldthwaite, TX 76844
    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.
    1208 Fisher St
    Goldthwaite, TX 76844
    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
    1208 Fisher St Goldthwaite, TX 76844
    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
    Janette Padgett
    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.