Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    C2 Corner Commercial Development Land Title is generated by Realmo AI

    116 E Hwy 199, Springtown, TX 76082

    View on Map
    Claim this Listing
    New
    For Sale
    $400,000

    LAND - Springtown, TX

    Lot size:
    0.83 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 116 E Hwy 199

    General Information

    Property type
    Land
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    R000046163
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 0.250 ABST: 822 SURVEY: LEONARD MARY T
    Tax Annual Amount
    2289

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Chase Hall
    Chase Hall

    Listing agent Chase Hall License #0593134

    Listing office Chase Realty DFW Fort worth, TX

    Listing date Jun 1, 2026

    MLS# 21286593

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Vacant C2 commercial corner lot in Springtown city limits
    • Highly visible intersection with frontage along Highway 199 and Highway 51
    • Utilities available: public water and public sewer
    • Under construction (property condition listed as under construction)
    • Corner‑site suitability for a wide range of commercial uses: coffee shop, gas station, restaurant, retail, professional/medical office, and automotive service

    Overview

    This vacant C2 commercial corner lot offers an attractive foundation for a new development in a high-visibility setting. The property is located within Springtown city limits and provides approximately 0.831 acres of developable land suited to a variety of commercial uses.

    Situated at the intersection of Highway 199 and Highway 51, the site benefits from prominent frontage and direct exposure along Highway 199. The listing notes strong traffic counts, excellent accessibility, and visibility from multiple directions, supported by a location within an area experiencing continued residential and commercial growth.

    The flexible C2 zoning and intersection exposure make this property a practical choice for investors, developers, or owner-users evaluating concepts such as a coffee shop, gas station, restaurant, retail center, professional or medical office, or automotive service business. With a prominent position along one of Springtown’s busiest commercial corridors, it’s designed to capture customer attention from everyday drive-by traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.684666
    Latitude
    32.963846

    Nearby Similar for Sale

    • $1,750,000

      Flex Warehouse with Office

      8.99-acre site with a new metal warehouse, drive-through roll-up doors, and an attached office, plus fenced storage and RV hookups.
      5394 W Highway 199, Springtown, TX 76082
      View Details
    • $940,500
      2,304 SF

      Springtown Farmhouse with Modern Updates

      Updated farmhouse on 14 acres, close to Fort Worth.
      3559 Springfield Road, Springtown, TX 76082
      View Details
    • $850,000

      Commercial Land with Highway 199 Access

      Highway frontage parcel near Springtown with shared access to support retail or service development.
      311 E Highway 199, Springtown, TX 76082
      View Details
    • $400,000

      C2 Corner Commercial Development Lot

      Vacant C2-zoned corner lot with prominent visibility at a high-traffic intersection, well-suited for a range of commercial uses.
      116 E Highway 199, Springtown, TX 76082
      View Details
    • $249,000

      Two-Entrance Office Suite with Private Baths

      Two large office rooms offer separate front entrances and bathrooms, with an interior connection for flexible use.
      115 E 1st Street, Springtown, TX 76082
      View Details
    • $399,900

      Prime Office Building in Springtown

      Clean, remodeled office building suitable for various professional uses.
      828 N Main Street, Springtown, TX 76082
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant C2-zoned corner lot with highway exposure at a major intersection for a wide range of commercial concepts.
    Where is this commercial land located?
    The property is located at 116 E Hwy 199 Springtown, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Vacant C2 commercial corner lot in Springtown city limits; Highly visible intersection with frontage along Highway 199 and Highway 51; Utilities available: public water and public sewer
    (817) 614-6833
    We can help!
    Listing Contact
    Chase Hall
    Chase Hall
    Real Estate License ID: 0593134
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    116 E Hwy 199, Springtown, TX 76082
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!