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

    3032 State Highway 59 N Bowie, TX 76230

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $249,500

    1.796 acres with shop, office, and included equipment.

    Property size:
    1,920 SF
    Lot size:
    1.80 Acres

    Property Features for 3032 State Highway 59 N

    General Information

    Standard status
    Pending
    Size
    1,920 SF
    Lot size
    1.80 Acres

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Terry Gunter
    Source: Exitrealty

    Listing Agency: Margaret Hutson Realty Listing Agent: Terry Gunter

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

    Learn more

    Overview

    Highway 59 Commercial Property

    This commercial property is situated on 1.796 acres along State Highway 59, approximately one mile north of Bowie, Texas. The site features a metal shop building with a concrete floor, equipped with two overhead doors, an office, and a bathroom. Additionally, the property includes a small mobile home and a covered storage area. The sale encompasses all tools, a forklift, and drill presses.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Storage Facility Electrical Service Restaurant

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

    Similar Places Nearby

    Florance Paint & Body Shop, Four Stars Ford, T&S Tire and Lube, Cross Tire & Automotive, Four Stars Ford Service

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Montague
    State
    Texas
    Longitude
    -97.817467
    Latitude
    33.578588

    Nearby Similar for Sale

    • $199,900
      800 SF

      Retail Property on Highway 59

      Retail units on corner lot with highway access in Bowie.
      1123 State Highway 59 N, Bowie, TX 76230
      View Details
    • $925,000
      0.17 Acres

      Established Oil Change Business Opportunity

      Thriving oil change business in downtown Bowie, Texas for sale.
      108 E Wise St, Bowie, TX 76230
      View Details
    • $299,000
      4,056 SF

      Bowie, TX Hotel/Motel Opportunity

      Income-generating motel or commercial property in the heart of Bowie.
      1408 E Wise St, Bowie, TX 76230
      View Details
    • New
      $539,999
      2,661 SF

      Remodeled Home on 12+ Acres

      Updated 3-bed, 2-bath home on 12.47 acres in Bowie, TX.
      584 W Alamo Rd, Bowie, TX 76230
      View Details
    • New
      $450,000
      20.00 Acres

      20 Acre Ranch Near Town

      20-acre ranch property near town with utilities and amenities.
      5775 Old Vashti Rd, Bowie, TX 76230
      View Details
    • $229,500
      0.25 Acres

      Prime Commercial Property in Bowie

      High-visibility commercial building on Bowie's main street, ideal for business.
      413 E Wise St, Bowie, TX 76230
      View Details
    • $1,700,000
      1,706 SF

      Bowie Farm/Ranch with Scenic Views

      114-acre farm/ranch near Bowie, TX, with scenic views.
      858 Ford Rd, Bowie, TX 76230
      View Details
    • $800,000
      12,100 SF

      Versatile Multi-Use Property with Shop

      10.75-acre property featuring a shop, dwellings, and commercial potential.
      1341 Hildreth Pool Rd, Bowie, TX 76230
      View Details
    • $242,000
      3,000 SF

      Bowie Warehouse with Upgraded Office

      0.85-acre commercial property with upgraded office and warehouse space.
      206 N Matthews St, Bowie, TX 76230
      View Details
    • $950,000
      0.06 Acres

      Luxury Custom Office Space

      Custom office space in the heart of Bowie, Texas.
      112 W Wise St, Bowie, TX 76230
      View Details
    • $800,000
      4,368 SF

      Multi-Use Property with Shop & Wells

      10.75-acre property with multiple dwellings, shop, and water wells.
      1341 Hildreth Pool Rd, Bowie, TX 76230
      View Details
    • New
      $275,000
      20.00 Acres

      20 Acre Ranch Property

      20 acre ranch property located minutes north of Bowie, TX.
      1479 Redbird Ln, Bowie, TX 76230
      View Details

    FAQs

    What type of property is this?
    Auto shop - 1.796 acres with shop, office, and included equipment.
    Where is this auto shop located?
    The property is located at 3032 State Highway 59 N Bowie, TX.
    What is the asking price?
    The asking price for this property is $249,500.
    What are key features of this property?
    This property features: - 1.796 acres on State Hwy. 59; - Metal shop building on concrete floor; - Includes all tools, forklift, drill presses, etc.
    (940) 872-3082
    Request Owner's contact information
    3032 State Highway 59 N Bowie, TX 76230
    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.
    3032 State Highway 59 N
    Bowie, TX 76230
    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
    3032 State Highway 59 N Bowie, TX 76230
    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
    Terry Gunter
    Real Estate License ID: 0453529
    (940) 872-3082 (806) 341-5937
    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!