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    Flex Property with Office and Shop Title is generated by Realmo AI

    16410 US Highway 380 W, Krum, TX 76249

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    Claim this Listing
    For Sale
    Under Contract
    $2,350,000

    COMMERCIAL - Krum, TX

    Property size:
    6,300 SF
    Lot size:
    3.96 Acres
    Price / SF:
    $373/SF
    Added:
    May 14, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 16410 US Highway 380 W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway, Carport, Parking Lot, Secured
    Standard status
    Active Under Contract
    APN
    R258655
    Lot size
    3.96 Acres

    Taxes and HOA fees

    Tax Description
    MURDOCK/BURNS SUBDIVISION BLK B LOT 2A(PT)
    Tax Annual Amount
    9286

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2005
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Ben Schoenthal

    Listing agent Ben Schoenthal License #0691552

    Listing office Hall Real Estate Sanger, TX

    Listing date May 14, 2026

    MLS# 21058581

    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

    • 4 acres on Hwy 380 in Krum, TX with a crossover directly in front of the entrance for easy Hwy access
    • 6,300 SF office space with an attached shop and a 2,000 SF carport
    • Completely fenced yard with an electric security gate
    • Metal roof and metal siding exterior
    • Central heating and central A/C
    • Well water with septic tank; parking includes parking lot, secured area, driveway, and carport

    Overview

    This flex-style property offers a combination of office space and operational improvements designed for mixed business use. The facility includes approximately 6,300 square feet of office space with an attached shop, plus a 2,000-square-foot carport. The property sits on a completely fenced yard with an electric security gate, supporting secure vehicle and equipment storage. An on-site crossover located directly in front of the entrance provides straightforward approach to the building for day-to-day operations.

    Located on U.S. Highway 380 in Krum, Texas, the site is positioned for convenient travel and accessibility. Access is described as easy to both east and west along Highway 380, supported by a crossover directly in front of the property entrance. The layout is intended to accommodate heavy vehicles as any size truck can access the property.

    For buyers or operators, the property is well suited to tenants or businesses that need a blend of office functionality and warehouse or shop activity, along with secure yard space for equipment and staging. The highway access and fenced perimeter make it a strong candidate for service-oriented users, light industrial operations, and other flex tenants seeking dependable logistics on a prime corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Accounting Firm Storage Facility Garden Center Discount Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Krum
    County
    Denton
    State
    Texas
    Longitude
    -97.314637
    Latitude
    33.238423

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    FAQs

    What type of property is this?
    Flex space - Fenced yard and office with attached shop offer practical flexibility for businesses needing both work and customer-facing space.
    Where is this flex space located?
    The property is located at 16410 US Highway 380 W Krum, TX.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: 4 acres on Hwy 380 in Krum, TX with a crossover directly in front of the entrance for easy Hwy access; 6,300 SF office space with an attached shop and a 2,000 SF carport; Completely fenced yard with an electric security gate
    (940) 284-4302
    We can help!
    Listing Contact
    Ben Schoenthal
    Real Estate License ID: 0691552
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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.

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