Two-Entry Storefront
For Sale
$249,900
115 E 1st St, Springtown, TX 76082
Flexible commercial layout with independently accessible rooms and dedicated restrooms for each space.
Property Size1,008 SF
Price / SF$247.92
Days on Market13
Property Features for 115 E 1st St
General Information
Standard status
Active
Size
1,008 SF
Building Details
Year Built
1961
Listing Agency:
Marsha Hardin Real Estate LLC
(817) 444-5330
Listed By:
Gilda Brawley · License #0397153
Source:
Heritance
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 31 at 7:08PM
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 Marsha Hardin Real Estate LLC
Investment Insights
Based on property information with market context.
This storefront property was built in 1961 and includes two sizable commercial rooms. Each room has its own restroom and a separate entrance from the front, creating a layout that can accommodate distinct operations within one building. An interior connection between the rooms allows them to function together when a larger configuration is preferred, while the spaces can also remain separate. The property is located at 115 E 1st St in Springtown, Texas.
Key Highlights
- Two commercial rooms within one storefront property
- Each room includes a dedicated bathroom
- Separate front entrance serves each room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,219
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$324,380
$324.4K
Cap Rate 7%
$231,700
$231.7K
Cap Rate 9%
$180,211
$180.2K
Market Conditions
NOI Build-Up for 1,008 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.3K $24.12/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$23.2K $22.99/SF
− OpEx
−$7.0K −$6.90/SF
NOI
$16.2K $16.09/SF
Area
Parker County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$324,380
Cap Rate 7%
$231,700
Cap Rate 9%
$180,211
Alternative Uses
Best Use
Retail
$231.7K
$202.7K – $270.3K
NOI $16,219 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.00M
$876.4K – $1.17M
NOI $70,113 @ 7.0% cap · market cap 28.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76082, TX
21,514
Population
8,576
Households
2.5
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
102.8 sq mi
ZIP Area
209
Density / Sq Mi
$93,553
Median Household Income
$49,323
Median Earnings
$1,275
Median Rent
$277,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Springtown Flower Shop — 311 E Hwy 199, Springtown, TX 76082
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout with independently accessible rooms and dedicated restrooms for each space.
Where is this storefront property located?
The property is located at 115 E 1st St Springtown, TX.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two commercial rooms within one storefront property; Each room includes a dedicated bathroom; Separate front entrance serves each room
