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

    807 Fm 489 Buffalo, TX 75831

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $775,000

    Industrial property with warehouse, office, apartment, and workshop.

    Lot size:
    3.06 Acres

    Property Features for 807 Fm 489

    General Information

    Standard status
    Active
    Lot size
    3.06 Acres

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Katherine Mcswane
    Source: Elliman

    Listing Agency: McSwane Real Estate LLC Listing Agent: Katherine Mcswane

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Industrial Property with Workshop

    This versatile industrial property offers numerous possibilities, featuring a fully insulated, climate-controlled warehouse suitable for manufacturing, car restoration, storage, or other industrial activities. The warehouse includes a one-bedroom, one-bath apartment and a separate second-story loft. The property also features versatile office space with four separate rooms, a kitchen, a walk-in pantry, one full bath, and one half bath. A 50'x100' workshop is equipped with 16' sidewalls, six roll-up doors, an office, a tool room, a half bath, and loft storage, ready for industrial manufacturing needs. The workshop is equipped with 3-phase power. Situated on 3+ acres, the property is centrally located between Dallas and Houston, and one hour east of Waco.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Buffalo
    County
    Leon
    State
    Texas
    Longitude
    -96.054348
    Latitude
    31.60089

    Nearby Similar for Sale

    • $385,500
      750 SF

      30 Acres Prime Hay Meadow

      30-acre property with hay meadow, ponds, and hunter's cabin.
      11697 Fm 1511, Buffalo, TX 75831
      View Details
    • $1,745,000
      3,861 SF

      Texas Ranch with Barndominium

      90.5-acre ranch featuring a 3,861 sqft barndominium near Leon Expo Center.
      3200 Tx-75, Buffalo, TX 75831
      View Details
    • $499,000

      Highway Frontage Multi-Use Property

      0.58 acres with two buildings on Highway 79.
      500 E Commerce St, Buffalo, TX 75831
      View Details
    • $385,000
      2,096 SF

      Farm/Ranch in Buffalo, Texas

      11-acre farm/ranch with a 2096 sqft home in Buffalo, TX.
      648 S Center St, Buffalo, TX 75831
      View Details
    • $525,000

      Buffalo Home on 44 Acres

      Three-bedroom home on 44 acres near Buffalo, Texas.
      2627 Fm 1618, Buffalo, TX 75831
      View Details
    • $96,000
      Pending

      Cabin on 2 Acres

      2-acre property with cabin and metal shop near Highway 79.
      4173 E Us Highway 79, Buffalo, TX 75831
      View Details
    • $198,500

      Buffalo Ranch with Prime Location

      Small ranch near Buffalo, TX, ideal for homesteading and livestock.
      9289 County Road 329, Buffalo, TX 75831
      View Details
    • $150,000
      Pending

      9 Acres in Weeden Addition

      9 acres of fenced land with a pond near Buffalo, TX.
      9036 County Road 329, Buffalo, TX 75831
      View Details
    • $1,125,000

      31 Acre Countryside Retreat

      Private estate or investment opportunity near Leon County Expo.
      3792 County Road 305, Buffalo, TX 75831
      View Details
    • $1,200,000

      Texas Ranch with Private Lake

      100-acre ranch featuring a cabin, lake, and grazing pastures.
      3260 County Road 282, Buffalo, TX 75831
      View Details
    • $215,000
      Pending

      16 Acres in Cedar Creek

      Versatile 16-acre property in the Cedar Creek area.
      16AC County Road 330, Buffalo, TX 75831
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial property with warehouse, office, apartment, and workshop.
    Where is this warehouse located?
    The property is located at 807 Fm 489 Buffalo, TX.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Versatile industrial property with insulated, climate-controlled warehouse, office space, apartment, and workshop.; - Workshop equipped with 3-phase power and 6 roll-up doors, plus office, tool room, half bath, and loft storage.; - Warehouse includes a one-bedroom apartment with a loft.
    (903) 388-2024
    Request Owner's contact information
    807 Fm 489 Buffalo, TX 75831
    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.
    807 Fm 489
    Buffalo, TX 75831
    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
    807 Fm 489 Buffalo, TX 75831
    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

    We can help!
    Listing Contact
    Katherine Mcswane
    (903) 388-2024
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!