Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Granbury Commercial Property on Highway Title is generated by Realmo AI

    1333 N Plaza Drive, Granbury, TX 76048

    View on Map
    Claim this Listing
    New
    For Sale
    $1,800,000

    Business - Granbury, TX

    Type:Business
    Property size:
    5,009 SF
    Lot size:
    0.52 Acres
    Price / SF:
    $359/SF
    Added:
    May 13, 2026
    Days on Market:
    2
    Last Refresh:
    May 14 at 4:06 pm

    Property Features for 1333 N Plaza Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    R000109259
    Size
    5,009 SF
    Lot size
    0.52 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Flooring type
    Concrete
    Building materials
    Stone, Stone Veneer, Stucco
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Prater
    Steve Prater

    Listing agent Steve Prater License #0695680

    Listing office Clark Real Estate Group 1315 Waters Edge #108, Granbury, TX

    Listing date May 13, 2026

    MLS# 21250796 Listing URL

    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

    • High‑visibility location on Highway 377 in an active retail corridor
    • Adaptable configuration as two separate units or a single larger space, offering flexibility
    • Offered vacant at closing, providing immediate occupancy
    • Existing restaurant equipment conveys with the sale, reducing startup costs
    • Approximately 5,009 square feet of commercial space
    • Strong traffic counts and convenient access

    Overview

    Located off Highway 377, this commercial property at 1333 Plaza Drive in Granbury, Texas, offers visibility and accessibility in an active retail area. The property features approximately 5,009 square feet and is configured as two separate units, providing flexibility for investors, owner-users, or redevelopment. The layout could be converted into a single larger space. Offered vacant at closing, the property is suited for a restaurant, retail concept, or service-based business looking to establish a presence in a high-traffic location. Existing restaurant equipment will convey with the sale. The property is positioned for a variety of commercial uses in the growing Granbury market. The lot size is 0.519 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dani Tye Salon ... Hair Salon Main Street Medical ... Medical Supply Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.768025
    Latitude
    32.436183

    Nearby Similar for Sale

    • $525,000
      6,000 SF

      Granbury Commercial Opportunity

      Centrally located commercial property with versatile potential.
      311 Eastridge Road, Granbury, TX 76049
      View Details
    • $569,000

      Versatile Commercial Property on Pearl Street

      Adaptable commercial space with expansion potential in a high-visibility location.
      1806 W Pearl Street, Granbury, TX 76048
      View Details
    • $1,100,000
      3,915 SF

      Historic Granbury Property: Income Potential

      Victorian home and cottages near Granbury Square, turnkey opportunity.
      1002 W Pearl Street, Granbury, TX 76048
      View Details
    • $450,000

      Granbury Corner Lot Office Space

      Move-in ready office near Hwy 377 in Granbury, TX.
      416 S Morgan Street, Granbury, TX 76048
      View Details
    • $1,750,000
      7,400 SF

      Granbury Industrial Property on US-377

      Versatile commercial property with warehouse, office, and living quarters.
      2550 W US Highway 377, Granbury, TX 76048
      View Details
    • $550,000

      Versatile Commercial Building in Acton

      Two-story office building with warehouse space and high visibility.
      3230 Fall Creek Highway, Granbury, TX 76049
      View Details
    • $1,300,000

      Updated Office Building on Large Lot

      Modern office on 1.76 acres with expansion potential.
      4400 E Highway 377, Granbury, TX 76049
      View Details
    • $439,000

      Granbury Commercial Building with Possibilities

      Turn-key commercial building in Granbury, TX, with expansion potential.
      605 Calinco Drive, Granbury, TX 76048
      View Details
    • $899,900

      Granbury Commercial Buildings For Sale

      Three commercial buildings for sale in Granbury, Texas.
      206 KINGS Plaza, Granbury, TX 76049
      View Details
    • $599,999
      1,200 SF

      Texas Ranch Barndominium on Acreage

      Ag-exempt land with barndominium near Brazos River.
      1001 Marigold Court, Granbury, TX 76049
      View Details
    • $899,997

      Granbury Income-Producing Historic Cottages

      Historic, income-producing property near Granbury's Historic Square.
      512 N Travis Street, Granbury, TX 76048
      View Details
    • $299,000

      Updated Office Building with Yard

      Updated office building with storage yard near Hwy 377.
      301 Eastridge Road, Granbury, TX 76049
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial property with high visibility and accessibility.
    Where is this retail space located?
    The property is located at 1333 N Plaza Drive Granbury, TX.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: High‑visibility location on Highway 377 in an active retail corridor; Adaptable configuration as two separate units or a single larger space, offering flexibility; Offered vacant at closing, providing immediate occupancy
    (817) 458-0402
    We can help!
    Listing Contact
    Steve Prater
    Steve Prater
    Real Estate License ID: 0695680
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1333 N Plaza Drive, Granbury, TX 76048
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!