Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    619 W Broadway St Gainesville, TX 76240

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $50,000

    Commercial lot near Gainesville's main corridor, ideal for business.

    Lot size:
    0.12 Acres

    Property Features for 619 W Broadway St

    General Information

    Lot size
    0.12 Acres

    We can help!

    Listing Contact
    MISTY SCHMITZ
    Source: Elliman

    Listing Agency: TIERRA REAL ESTATE Listing Agent: MISTY SCHMITZ

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

    Learn more

    Property Insight Report

    Overview

    Highly Visible Corner Commercial Lot

    This highly visible hard-corner lot is located one block northeast of the intersection of California Street and I-35. The lot has a 50x100 footprint and offers easy access from major thoroughfares. The location provides excellent exposure to both local and highway traffic. Situated near Gainesville’s main commercial corridor, the lot is surrounded by established businesses, restaurants, and retail activity. This property offers the visibility and convenience to help your business thrive, and is suitable for building a small office, retail storefront, or service business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Cooke
    State
    Texas
    Longitude
    -96.9047515
    Latitude
    33.6488051

    Nearby Similar for Sale

    • $2,995,000
      4,182 SF

      Gainesville Ranch with Luxury Amenities

      61+ acre ranch featuring a remodeled home and equestrian facilities.
      1271 Fm 3496, Gainesville, TX 76240
      View Details
    • $1,299,000
      3,000 SF

      Gainesville Ranch with Equestrian Facilities

      Luxury ranch living with equestrian facilities on 11 acres.
      1330 Jrc Rd, Gainesville, TX 76240
      View Details
    • $1,250,000
      12,000 SF

      Versatile Commercial Building in Cooke County

      12,000 sq ft commercial building suitable for various business uses.
      4747 County Road 211, Gainesville, TX 76240
      View Details
    • $780,000
      27.00 Acres

      26-Acre Ranch with Breeding Facilities

      26-acre ranch featuring barns, breeding area, and ponds.
      8283 S Fm 372, Gainesville, TX 76240
      View Details
    • $275,000
      8.20 Acres

      Gainesville Ranch with Creek Frontage

      Picturesque 8.2-acre ranch property with creek frontage in Gainesville, TX.
      Tbd Fm 2071, Gainesville, TX 76240
      View Details
    • $679,000
      0.31 Acres

      Downtown Gainesville Retail/Office Opportunity

      Four units near courthouse with retail/office potential. Owner financing available.
      710 E California St, Gainesville, TX 76240
      View Details
    • $1,599,000
      3,638 SF

      Gainesville Ranch with Custom Home

      25-acre Gainesville property featuring a custom-built home and ranch amenities.
      1397 County Road 338, Gainesville, TX 76240
      View Details
    • $540,000
      10.98 Acres

      Rustic Barndominium on 10 Acres

      Unique 2-bedroom barndominium on over 10 acres in Gainesville.
      1696 County Road 222, Gainesville, TX 76240
      View Details
    • $279,000
      0.21 Acres

      Gainesville Duplex Near Downtown

      Duplex near historic downtown Gainesville with tenant-occupied units.
      921 S Rusk St, Gainesville, TX 76240
      View Details
    • $68,000
      0.21 Acres

      Versatile Corner-Lot Investment Opportunity

      Duplex with studio on a corner lot, great potential.
      625 Denison St, Gainesville, TX 76240
      View Details
    • $265,000
      0.08 Acres

      Historic Downtown Gainesville Brick Building

      1,750 sq ft brick building in historic downtown Gainesville.
      323 N Commerce St, Gainesville, TX 76240
      View Details
    • $899,000
      40.65 Acres

      40-Acre Ranch Near Gainesville, TX

      40.65 acres with barn, shed, pens, pond, fenced, cross-fenced.
      110 County Road 237, Gainesville, TX 76240
      View Details

    FAQs

    What type of property is this?
    Land - Commercial lot near Gainesville's main corridor, ideal for business.
    Where is this land located?
    The property is located at 619 W Broadway St Gainesville, TX.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Highly visible hard-corner lot.; - Excellent access from major thoroughfares and proximity to I-35.; - Located near Gainesville's main commercial corridor.
    Request Owner's contact information
    619 W Broadway St Gainesville, TX 76240
    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.
    619 W Broadway St
    Gainesville, TX 76240
    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
    619 W Broadway St Gainesville, TX 76240
    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
    MISTY SCHMITZ
    Learn more
    Google sign-in failed. Please try again or use another login method.