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 Market59
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
Listed By:
Gilda Brawley · License #0397153
(817) 444-5330
Source:
Heritance
Added: Aug 19
Changed: Oct 11
Last Checked: Oct 7 at 3:31PM
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
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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 / Yr
$16,219
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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
