Fenced Truck Parking
For Sale
$1,100,000
17541 Matany Rd, Justin, TX 76247
Fully fenced acreage includes an on-site leased trailer home and utilities.
Property Size2,056 SF
Lot Size2.34 Acres
Price / SF$535.02
Days on Market18
Property Features for 17541 Matany Rd
General Information
Standard status
Active
Size
2,056 SF
Lot size
2.34 Acres
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Land Use
commercial
Building Details
Year Built
2015
Listing Agency:
Allie Beth Allman & Assoc.
(336) 743-0336
Listed By:
Camila V Gomez · License #0783151
Source:
Yourdavisteam
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 28 at 12:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Allie Beth Allman & Assoc.
Investment Insights
Based on property information with market context.
This commercial property comprises approximately 2.34 fully fenced acres currently used for truck parking. An on-site trailer home is also part of the property and is leased separately. The improvements date to 2015, and all utilities are located on site.
The property is in unincorporated Denton County near Justin, Texas, with access to major highways and the Alliance corridor. The site is identified for commercial applications such as an industrial business park, self-storage facility, trucking yard, flex space, or future development.
The property is in unincorporated Denton County near Justin, Texas, with access to major highways and the Alliance corridor. The site is identified for commercial applications such as an industrial business park, self-storage facility, trucking yard, flex space, or future development.
Key Highlights
- Approximately 2.34 fully fenced acres
- Operating truck‑parking yard
- On‑site trailer home leased for $1,500 per month
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,126
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$682,520
$682.5K
Cap Rate 7%
$487,514
$487.5K
Cap Rate 9%
$379,178
$379.2K
Market Conditions
NOI Build-Up for 2,056 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.3K $24.96/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$48.8K $23.71/SF
− OpEx
−$14.6K −$7.11/SF
NOI
$34.1K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$682,520
Cap Rate 7%
$487,514
Cap Rate 9%
$379,178
Alternative Uses
Best Use
Retail
$487.5K
$426.6K – $568.8K
NOI $34,126 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$150.8K
$131.9K – $175.9K
NOI $10,553 @ 7.0% cap · market cap 0.96%
Theoretical Best
Multifamily LT 5
$28.75M
$25.16M – $33.54M
NOI $2,012,638 @ 7.0% cap · market cap 182.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 76247, TX
17,178
Population
6,610
Households
2.6
Avg Household Size
36
Median Age
34%
College-Educated
97%
High-School Grad
74.4 sq mi
ZIP Area
231
Density / Sq Mi
$123,173
Median Household Income
$61,878
Median Earnings
$2,070
Median Rent
$372,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck stop - Fully fenced acreage includes an on-site leased trailer home and utilities.
Where is this truck stop located?
The property is located at 17541 Matany Rd Justin, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 2.34 fully fenced acres; Operating truck‑parking yard; On‑site trailer home leased for $1,500 per month
