Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3442 TX-7 Crockett, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Convenience store with income potential on a 0.92-acre lot.

    Type:RETAIL
    Property size:
    2,502 SF
    Lot size:
    0.96 Acres
    Added:
    Aug 22, 2024
    Days on Market:
    612
    Last Refresh:
    Apr 5 at 8:39 pm

    Property Features for 3442 TX-7

    General Information

    Standard status
    Active
    Size
    2,502 SF
    Lot size
    0.96 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Salman Latif
    Salman Latif

    Listing agent Salman Latif

    Listing office IN House Realty LLC

    Listing date Aug 22, 2024

    Source Moodyscre

    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 IN House Realty LLC

    Overview

    Crockett Convenience Store on Highway

    This property features a convenience store situated on a 0.92-acre lot, presenting income potential. The 2,000-square-foot building is constructed with metal and brick and includes a metal roof. The sale encompasses all display cases, a cooler, gas tanks, pumps, inventory, and central air conditioning and heating. A mobile home is also located on the property, offering rental possibilities. The location on Highway 7 West benefits from substantial traffic, presenting a business opportunity. The building size is 2,502 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Crockett
    County
    Houston
    State
    Texas
    Longitude
    -95.4566
    Latitude
    31.3182

    Nearby Similar for Sale

    • $450,000
      2,994 SF

      Crockett Ranch with Acreage

      19.9-acre ranch featuring a spacious 2,994 sq ft home.
      888 State Highway 21 E, Crockett, TX 75835
      View Details
    • $1,400,000
      12,125 SF

      Turn-Key Medical Center in Crockett

      Expansive medical center with advanced operating rooms and ample parking.
      200 Renaissance Way, Crockett, TX 75835
      View Details
    • $1,600,000

      Crockett Ranch Ready for Cattle

      206.95 acre ranch, cattle-ready with home and improvements.
      596 CR 3057, Crockett, TX 75835
      View Details
    • $425,000
      4,965 SF

      Turn-Key Bar/Restaurant/Venue in Crockett, TX

      Versatile commercial space with bar, seating, dance floor, and patio.
      229 East Goliad Avenue, Crockett, TX 75835
      View Details
    • $399,000
      11,495 SF

      Versatile Commercial Building in Crockett, TX

      Three-story commercial building with retail and office/residential potential.
      513 East Houston Avenue, Crockett, TX 75835
      View Details
    • $650,000
      2,500 SF

      New Commercial Building on Highway

      Newly constructed commercial building in high-traffic location, completed in 2023.
      2108 N 4th Street, Crockett, TX 75835
      View Details
    • $1,500,000
      6,000 SF

      Established Auto Repair Business For Sale

      Turnkey auto repair business with property in Crockett, TX.
      2200 S 4th Street, Crockett, TX 75835
      View Details
    • $2,375,000
      3,000 SF

      Crockett TX Commercial Property For Sale

      4-acre commercial property with extensive infrastructure on Loop 304.
      1530 E Loop 304, Crockett, TX 75835
      View Details
    • $540,000
      2,500 SF

      Energy-Efficient Office Building on Highway

      2,500 sq ft office building with high traffic location.
      2108 N 4th Street, Crockett, TX 75835
      View Details
    • $425,000

      Turn-Key Bar/Restaurant Venue in Crockett

      Versatile commercial space with bar, restaurant, and live music potential.
      229 E Goliad Avenue, Crockett, TX 75835
      View Details
    • $1,500,000
      6,000 SF

      Established Automotive Repair Business For Sale

      Automotive repair business with equipment on 1.84 acres.
      2200 S 4th Street, Crockett, TX 75835
      View Details
    • $2,300,000
      21,122 SF

      Enchanted Pines Assisted Living Facility

      Type-A assisted living facility in East Texas with high occupancy.
      1154 E Loop 304, Crockett, TX 75835
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Convenience store with income potential on a 0.92-acre lot.
    Where is this grocery and convenience store located?
    The property is located at 3442 TX-7 Crockett, TX.
    What are key features of this property?
    This property features: Income‑producing convenience store with established business infrastructure.; Includes land (.92 acre), building (2000 sq. ft.), equipment, and inventory.; High‑traffic location on Highway 7 West.
    (832) 287-6566 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Salman Latif
    Salman Latif
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!