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    Flex Space with Major Highway Frontage Title is generated by Realmo AI

    13787 S Highway 281, Santo, TX 76472

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    Claim this Listing
    For Lease
    $4,200/Mo $12 SF/Yr (calc)

    COMMERCIAL - Santo, TX

    Property size:
    3,960 SF
    Lot size:
    3.00 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    80
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for 13787 S Highway 281

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Open, Garage
    Standard status
    Active
    APN
    564782
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Description
    3 AC. AB 1643 TR 1-4-1 & TR 1-

    Utilities

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

    Building Details

    Year built
    2018
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Michael Lee

    Listing agent Michael Lee License #0335977

    Listing office Premier Properties MINERAL WELLS, TX

    Listing date Mar 18, 2026

    MLS# 21209961

    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‑acre commercial site with approximately 450 ft of frontage on Hwy 281
    • Building constructed in 2018 with 3,960 SF and brick construction
    • Paved parking available with open parking and a garage
    • Central cooling and central heating; electric HVAC
    • Composition roof and concrete flooring
    • Septic tank sewer system

    Overview

    This offering combines approximately 3 acres of commercial land with a very attractive flex building built in 2018. The property includes a 3,960-square-foot facility and paved parking, giving it a practical setup for day-to-day operations and on-site customer or employee access. The site also provides substantial visibility with approximately 450 feet of frontage on Highway 281.

    The location is just south of the I-20 and Highway 281 intersection, placing the property in a strong traffic and convenience corridor. It also sits across the street from the Highway 281 and FM 2201 intersection, which supports straightforward wayfinding for vehicles approaching from multiple directions.

    For tenants or operators, this configuration works well for uses that benefit from a blend of building space and outdoor room, such as contractors, light industrial operations, or service-oriented businesses that want both an updated facility and paved parking. The frontage and access points make it especially suitable for business models that depend on visibility and efficient arrival and departure for vehicles.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Restaurant Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Storage Facility Discount Store Furniture & Home Goods Electronics & Wireless Store Shopping Center & Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Santo
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.098151
    Latitude
    32.613489

    FAQs

    What type of property is this?
    Commercial land - 2018 flex building with paved parking on a highly visible highway corridor, ideal for businesses needing easy customer or driver access.
    Where is this commercial land located?
    The property is located at 13787 S Highway 281 Santo, TX.
    What is the lease rate?
    The lease rate is $4,200 /Mo.
    What are key features of this property?
    This property features: 3‑acre commercial site with approximately 450 ft of frontage on Hwy 281; Building constructed in 2018 with 3,960 SF and brick construction; Paved parking available with open parking and a garage
    (940) 325-9555
    We can help!
    Listing Contact
    Michael Lee
    Real Estate License ID: 0335977
    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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