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    1950 W South Loop Stephenville, TX 76401

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    For Sale
    $2,800,000

    Income-producing property with expansion potential and highway frontage.

    Lot size:
    9.62 Acres

    Property Features for 1950 W South Loop

    General Information

    Lot size
    9.62 Acres

    Building Details

    Year built
    1982

    Source: DONAHO REAL ESTATE GROUP Agent Paula Donaho

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

    Overview

    Commercial Property with Highway Frontage

    This commercial property features frontage on US 377 Highway, offering possibilities for various uses. Currently, the property operates as an income-producing market place, leasing space for vendors. There is room on the property for expansion. The site includes several outbuildings, both enclosed and open. It is connected to city water and sewer services. A rail spur site at the back of the property, previously accommodating 4 cars, is present but inactive and requires rehabilitation. There is a possibility of an additional entry point off Caporal Ave. The property is currently known as 377 Market Place.
    Location Intelligence

    Current Use by Public Records

    Taqueria la Morenita Mexican Restaurant Blue Flamingo Studio Boutique 377 Marketplace Antique Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Coin Cloud Bitcoin ATM, University Plaza, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.2215
    Latitude
    32.20637

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    FAQs

    What type of property is this?
    Shopping center - Income-producing property with expansion potential and highway frontage.
    Where is this shopping center located?
    The property is located at 1950 W South Loop Stephenville, TX.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Prime commercial location with US 377 Highway frontage.; - Currently an income-producing property.; - Room for expansion on the property.
    Request Owner's contact information
    1950 W South Loop Stephenville, TX 76401
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    Stephenville, TX 76401
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    Realmo Value Estimation

    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.

    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.

    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
    1950 W South Loop Stephenville, TX 76401
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