Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    150 W Fm 487 Jarrell, TX 76537

    View on Map
    Claim this Listing
    For Sale
    $700,000

    COMMERCIAL - Jarrell, TX

    Property size:
    2,400 SF
    Lot size:
    2.82 Acres
    Price / SF:
    $291/SF
    Added:
    Jan 8, 2026
    Days on Market:
    116
    Last Refresh:
    May 4 at 11:06 pm

    Property Features for 150 W Fm 487

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security
    Standard status
    Active
    APN
    R599325
    Size
    2,400 SF
    Lot size
    2.82 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S12369 - FAITH TABERNACLE CHURCH SUB (LT 1 REPLAT), BLOCK A, LOT 2, ACRES 2.816
    Tax Annual Amount
    12346

    Utilities

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

    Building Details

    Year built
    1994
    Floors in Building
    1
    Flooring type
    Carpet, Stone
    Building materials
    Masonry

    We can help!

    Listing Contact
    Debora K. Stewart

    Listing agent Debora K. Stewart License #0648188

    Listing office Keller Williams Realty Lone St 1003 S Austin Ave. Avis Wukasch, Georgetown, TX

    Listing date Jan 8, 2026

    MLS# 601350

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Property in Growing Jarrell

    Located in the rapidly expanding Jarrell area, this 2.81 acre property at 150 W FM 487 offers a versatile investment opportunity within the Jarrell ETJ. The property benefits from no zoning restrictions, providing flexibility for various uses. Situated near IH 35 and downtown Jarrell, the location ensures easy access and high visibility. The existing 2,400 square foot structure has been previously utilized as a church, residence, and office. Fiber First internet is available on-site. Utilities include Jarrell Schwertner water (via a shared meter) and unregulated electric service, allowing the user to choose their own provider. The property is suited for a small business location, a multi-use compound, or a property with expansion potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Faith Summit Church Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jarrell
    County
    Williamson
    State
    Texas
    Longitude
    -97.609358
    Latitude
    30.820987

    Nearby Similar for Sale

    • $3,299,900
      16,000 SF

      Versatile Commercial Shell Ready

      16,000 sq ft commercial shell ready for customization.
      787 County Road 307 Rd, Jarrell, TX 76537
      View Details
    • $999,933

      26.80 Acre Development Opportunity

      26.80 acres near I-35, suitable for development or residential estate.
      350 County Road 375, Jarrell, TX 76537
      View Details
    • Contact for pricing
      16,000 SF

      Versatile Commercial Shell Ready

      16,000 sq ft commercial shell ready for customization.
      787 County Rd 307, Jarrell, TX 76537
      View Details
    • $2,056,800

      17.14 Acres Multi-Parcel Package

      17.14 acres with 3 homes and massive road frontage.
      401 County Road 315, Jarrell, TX 76537
      View Details
    • $4,500,000

      Mixed-Use Property in Jarrell, TX

      Mixed-use property available for sale in Jarrell, Texas.
      51 County Road 307, Jarrell, TX 76537
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 2.81 acre property near IH 35 with no zoning.
    Where is this mixed-use property located?
    The property is located at 150 W Fm 487 Jarrell, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Prime location near IH 35 and downtown Jarrell, offering easy access and high visibility.; No zoning restrictions within the Jarrell ETJ, providing ultimate flexibility for various uses.; Expansive 2.81‑acre property offering significant expansion potential.
    (512) 864-4734
    We can help!
    Listing Contact
    Debora K. Stewart
    Real Estate License ID: 0648188
    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
    150 W Fm 487, Jarrell, TX 76537
    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!