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    1445 E State Highway 276 West Tawakoni, TX 75474

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    For Sale
    $499,900

    Multifamily property with seven units, tiny home, and extra lot.

    Type:Commercial
    Added:
    Apr 22, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 22 at 5:42 pm

    Property Features for 1445 E State Highway 276

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Kathy Hobbs

    Listing agent Kathy Hobbs

    Listing office Exit Realty Pinnacle Group

    Listing date Apr 22, 2026

    Source Signaturere

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

    All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Pinnacle Group

    Overview

    Multifamily Property Near Lake Tawakoni

    This property features seven rental units, each equipped with kitchenettes, and one suite that includes a full kitchen. A utility room area is available for business purposes. Additionally, the property includes a tiny home with a kitchen located behind the main building, as well as an extra lot with electric hookups situated behind the building. Recent updates include a new roof. The property is located across from the golf course and near the Lake Tawakoni boat ramp, offering convenient access to recreational activities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Auto Parts Store Hotel & Motel Accounting Firm HVAC Service Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    West Tawakoni
    County
    Hunt
    State
    Texas
    Longitude
    -96.01711
    Latitude
    32.902687

    Nearby Similar for Sale

    • $525,000

      West Tawakoni Restaurant/Bar Opportunity

      2.76-acre property with potential for restaurant, bar, or retail.
      1433 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $139,000

      West Tawakoni Commercial Office Opportunity

      Charming commercial building near Lake Tawakoni with endless possibilities.
      1116 E State Hwy 276, West Tawakoni, TX 75474
      View Details
    • $499,900

      West Tawakoni Rental Property

      Local rental property with multiple units and additional lot.
      1445 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $1,800,000

      West Tawakoni Mobile Home Park

      Stabilized, 100% occupied mobile home park with income potential.
      300 W Rabbit Cove Road, West Tawakoni, TX 75474
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property with seven units, tiny home, and extra lot.
    Where is this apartment building located?
    The property is located at 1445 E State Highway 276 West Tawakoni, TX.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Multiple Rental Units (7 units with kitchenettes + 1 suite with full kitchen + tiny home) offer diverse income streams.; Additional Lot with Electric provides expansion or development potential.; Recent Roof Updates minimize immediate maintenance costs.
    We can help!
    Listing Contact
    Kathy Hobbs
    Learn More
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    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
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