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    503 St Josephine, TX 75173

    For Sale
    $259,500

    High-Growth Area, Multi-Use Potential

    Property size:
    1,096 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 0.33-acre property at 503 East Street in Josephine, TX, presents a unique investment opportunity. Priced at $259,500, this property boasts a 1,096 square foot older frame home currently owner-occupied. The home features an attached carport and a fenced area, ideal for pets. A detached building offers versatile space, perfect for a workshop, storage, or other uses. The property's location within a rapidly developing area offers significant potential for various commercial ventures. Its proximity to major highways ensures excellent accessibility and visibility. The existing structure provides immediate income potential, while the ample land and detached building allow for expansion or redevelopment to suit a wide range of business needs. This is a rare chance to acquire a multi-use property in a high-growth area, offering both immediate return and long-term growth potential. The property's versatility makes it suitable for a variety of commercial uses, or it could be repurposed to meet the needs of a growing business. Don't miss this chance to secure a prime location in a thriving community. The property is ready for your vision and entrepreneurial spirit.

    Property Features for 503 St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,096 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Josephine
    County
    Collin
    State
    Texas
    Longitude
    -96.36476
    Latitude
    33.0362

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-Growth Area, Multi-Use Potential
    Where is this commercial real estate located?
    The property is located at 503 St Josephine, TX.
    What is the asking price?
    The asking price for this property is $259,500.
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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
    503 St Josephine, TX 75173
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