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    Commercial Land with Highway Frontage Title is generated by Realmo AI

    12645 S US Highway 377, Dublin, TX 76446

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    Claim this Listing
    For Sale
    $550,000

    SINGLE_FAMILY - Dublin, TX

    Type:Retail
    Lot size:
    3.68 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 3 at 12:06 pm

    Property Features for 12645 S US Highway 377

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    R000017441
    Lot size
    3.68 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 3.680 A0190 DOSS PARKER S; & OFFICE
    Tax Annual Amount
    4302

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Well

    Building Details

    Year built
    2022
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Roof type
    Composition

    We can help!

    Listing Contact
    Sam Byrd

    Listing agent Sam Byrd License #717388

    Listing office Keller Williams Brazos West Weatherford, TX

    Listing date Mar 27, 2026

    MLS# 21219727

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3.68 acres along US Hwy 377 with approx. 812 linear ft of Hwy 377 road frontage
    • Two entrances off US Hwy 377 plus a third entrance off CR458
    • 2022 model portable building used as an office; portable building conveys with the sale
    • Utilities include water well, septic tank, electric service, and United Coop fiber internet
    • Central heating and central air with electric HVAC; vinyl flooring
    • Roof type: composition roof; heating: electric (heating) and central

    Overview

    This commercial land offering presents a flexible site with multiple points of access, plus on-site utilities and an included workspace. The property includes a water well and septic system, and it is served by United Coop fiber internet and electric service. A 2022 model portable building on the site has been used as an office and will convey with the sale.

    Located between Stephenville and Dublin along US Highway 377, the property features approximately 812 linear feet of highway frontage. There are two entrances from US Hwy 377 and a third entrance from CR458, supporting a practical layout for different business needs and customer or traffic flow considerations.

    With prominent highway visibility and readily available utilities, this site can fit a range of commercial uses that benefit from signage and convenient access. The included office portable building provides an immediate option for administrative space while a new operation gets established. For buyers seeking a straightforward location upgrade or a second site, the combination of frontage, access, and services makes this parcel a strong starting point.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Erath
    State
    Texas
    Longitude
    -98.297578
    Latitude
    32.146148

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    FAQs

    What type of property is this?
    Commercial land - Multi-access land parcel on US Hwy 377 with utilities, septic, and a 2022 office portable building included.
    Where is this commercial land located?
    The property is located at 12645 S US Highway 377 Dublin, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 3.68 acres along US Hwy 377 with approx. 812 linear ft of Hwy 377 road frontage; Two entrances off US Hwy 377 plus a third entrance off CR458; 2022 model portable building used as an office; portable building conveys with the sale
    (817) 441-4000
    We can help!
    Listing Contact
    Sam Byrd
    Real Estate License ID: 717388
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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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