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    Shop Space with Roll-Up Access Title is generated by Realmo AI

    1208 Fall Creek Highway, Granbury, TX 76049

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    For Lease
    $800/Mo $6 SF/Yr (calc)

    COMMERCIAL - Granbury, TX

    Property size:
    1,500 SF
    Lot size:
    4.97 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    131
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 1208 Fall Creek Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Open
    Standard status
    Active
    APN
    R000041594
    Lot size
    4.97 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 4.971 TRACT: 5 ABST: B GREEN - ABST 19

    Building Details

    Year built
    2003
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Pamela Miller
    Pamela Miller

    Listing agent Pamela Miller

    Listing office Winston Properties, LLC Granbury, TX

    Listing date Jan 23, 2026

    MLS# 20831798

    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

    • 1,500 SF shop space with one roll‑up door, one overhead door, and one walk‑through door
    • Metal building with metal roof; metal siding exterior and concrete flooring
    • Parking available with open parking spaces
    • Electrical includes 110 and 220 wiring
    • Marquee sign with LED lights; tenant pays for lettering and replaces with blank at move‑out
    • Available March 1; owner offers a 1-, 3-, or 5‑year lease with a $50/month increase for each additional year and a $1,050 security deposit

    Overview

    This offering is a 1,500 square foot shop space designed for flexible light industrial use. The unit includes one roll-up door, one overhead door, and a separate walk-through door to support day-to-day operations and convenient access for staff or deliveries. Electrical wiring is available for 110 and 220 power. The space is presented by the owner with lease terms available in one-, three-, or five-year options, with a stated monthly increase for each additional year.

    The property is located in Granbury, close to Hwy 377, providing an established commercial setting for tenants who want highway-adjacent visibility. A marquee sign with LED lights is included, with the tenant responsible for lettering and replacing it with blank upon move-out.

    This configuration is well-suited for operators needing straightforward warehouse or flex-style functionality, with dedicated loading access plus a walk-through entrance. The combination of multiple door types and the ability to accommodate different wiring needs makes the space practical for a range of small-to-mid sized businesses. The tenant will also pay a $50 security deposit and should note that the unit is scheduled for availability on March 1st.
    Property Profile Location Intelligence

    Current Use by Public Records

    Texas Bike Works Motorcycle Shop Heron house gallery Art Gallery JTM Development General Contractor Will Steed Homes Construction Company Williams Trew Real ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.694803
    Latitude
    32.4636

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    FAQs

    What type of property is this?
    Flex space - Versatile shop suite with multiple doors and wiring options, available for lease beginning March 1.
    Where is this flex space located?
    The property is located at 1208 Fall Creek Highway Granbury, TX.
    What is the lease rate?
    The lease rate is $800 /Mo.
    What are key features of this property?
    This property features: 1,500 SF shop space with one roll‑up door, one overhead door, and one walk‑through door; Metal building with metal roof; metal siding exterior and concrete flooring; Parking available with open parking spaces
    (817) 579-5555
    We can help!
    Listing Contact
    Pamela Miller
    Pamela Miller
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    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.

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