Sign Up Successful!
You now have access to more from Realmo!
    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

    210 N Broadway St Joshua, TX 76058

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $875,000

    Retail strip center and self-storage facility on corner lot.

    Lot size:
    0.54 Acres

    Property Features for 210 N Broadway St

    General Information

    Standard status
    Active
    Lot size
    0.54 Acres

    We can help!

    Listing Contact
    Cheri White
    Source: Exprealty

    Listing Agency: Coldwell Banker Apex, REALTORS Cleburne Listing Agent: Cheri White

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

    Learn more

    Overview

    Corner Location Retail and Storage

    This multi-purpose neighborhood center is located at the southeast corner of Broadway (Highway 174) and 4th St, immediately off HWY 174. The property includes a 34-unit self-storage facility and a leased retail strip center. The self-storage facility maintains high occupancy rates, and the retail strip center has established tenants including a dry cleaner and a retail store. The retail interiors have been upgraded with brick wall accents, newer flooring, and corrugated metal ceilings. The property is constructed of block walls with wood joists and has a TPO roof installed in 2018. Utilities are individually metered. Tenants own their security systems. The property is located on a hard corner with high daily traffic counts, situated in a rapidly growing area. The property includes a covered drive-through.
    Location Intelligence

    Current Use by Public Records

    Four Seasons Cleaners Dry Cleaner MY Miniwarehouse Storage Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Joshua
    County
    Johnson
    State
    Texas
    Longitude
    -97.385006
    Latitude
    32.459563

    Nearby Similar for Sale

    • $4,850,000
      7,363 SF

      Resort-Style Ranch with Golf Course

      24-acre ranch featuring a golf course and multiple residences.
      1000 County Road 904, Joshua, TX 76058
      View Details
    • $4,850,000
      7,363 SF

      Resort-Style Ranch with Golf Course

      24-acre ranch featuring a golf course and multiple residences.
      1000 County Road 904, Joshua, TX 76058
      View Details
    • New
      $2,750,000
      116.87 Acres

      Joshua Ranch with Development Potential

      116.87 acres in fast-growing area near new school.
      4748 County Road 1010, Joshua, TX 76058
      View Details
    • $875,000
      0.54 Acres

      Retail and Self-Storage Investment Opportunity

      Multi-purpose neighborhood center with retail and self-storage in growing area.
      210 N Broadway St, Joshua, TX 76058
      View Details
    • $349,500
      0.50 Acres

      Income-Generating Mobile Home Portfolio

      Turnkey mobile home investment featuring three fully occupied properties.
      208 Ranch Rd, Joshua, TX 76058
      View Details
    • $259,900
      1,475 SF

      New Mobile Home with Spacious Layout

      New 4-bedroom mobile home with modern finishes and open layout.
      7005 Walden Dr, Joshua, TX 76058
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail strip center and self-storage facility on corner lot.
    Where is this strip mall located?
    The property is located at 210 N Broadway St Joshua, TX.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Great corner location at the intersection of Highway 174 and 4th St with high daily traffic counts.; - Combines self-storage (34 units with high occupancy) and leased retail strip center for diversified income.; - Steady cash flow from established tenants (self-storage, dry cleaners, retail store) with secure leases.
    (214) 546-6414
    Request Owner's contact information
    210 N Broadway St Joshua, TX 76058
    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.
    210 N Broadway St
    Joshua, TX 76058
    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
    210 N Broadway St Joshua, TX 76058
    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
    Cheri White
    (214) 546-6414
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.