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    Highway Frontage Live-Work Property Title is generated by Realmo AI

    2005 W Highway 199, Sanctuary, TX 76082

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    For Sale
    $950,000

    Business - Sanctuary, TX

    Type:Business
    Lot size:
    3.06 Acres
    Added:
    May 7, 2026
    Days on Market:
    7
    Last Refresh:
    May 13 at 2:06 am

    Property Features for 2005 W Highway 199

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    R000000540
    Lot size
    3.06 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1958
    Flooring type
    Vinyl
    Building materials
    Board & Batten Siding
    Roof type
    Composition, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Diana Mcdowell

    Listing agent Diana Mcdowell License #0633957

    Listing office Keller Williams Fort Worth 4055 International Plaza #220, Fort Worth, TX

    Listing date May 7, 2026

    MLS# 21122057 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

    • Rare residential + commercial zoning: Ideal for owner‑operators, investors, and developers.
    • Highway frontage: 449 feet of frontage in a fast‑expanding corridor.
    • Live‑and‑work setup: Updated 2‑bedroom home with study, suitable for business or rental income.
    • Large detached shop: Adds immediate value for storage, operations, or workspace.
    • City water and sewer: Connected for convenience.
    • Flexible interior spaces: Includes formal living, dining, and converted garage family room.

    Overview

    Position your business for growth in one of North Texas’s fastest-expanding corridors with this property featuring 449.00 feet of highway frontage. Located just off Highway 199 in Sanctuary, this property offers residential and commercial zoning, making it suitable for owner-operators, investors, and developers. The property spans 3.059 acres. The updated home includes 2 bedrooms, 1 bath, and a dedicated study, perfectly suited for a live-and-work setup, a professional office, or rental income. Inside, you’ll find multiple flexible spaces, including a formal living area, a dining room, and a spacious family room (a garage conversion) that adapts easily to business use. A large detached shop adds immediate value for storage, operations, or additional office and or workspace. City water and sewer are connected. The property is located in Parker County, in the city of Sanctuary, Texas. A survey is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Sanctuary
    County
    Tarrant
    State
    Texas
    Longitude
    -97.6513
    Latitude
    32.9715

    Nearby Similar for Sale

    • $215,000

      Restaurant and Home on Corner

      Restaurant and home on a corner lot near Azle.
      100 LIVE OAK Drive, Sanctuary, TX 76020
      View Details
    • $650,000

      Highway Frontage Commercial Property

      1.34-acre commercial property with highway frontage in Sanctuary, TX.
      1917 W Hwy 199 Az, Sanctuary, TX 76020
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 3+ acre property with residential and commercial zoning.
    Where is this mixed-use property located?
    The property is located at 2005 W Highway 199 Sanctuary, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Rare residential + commercial zoning: Ideal for owner‑operators, investors, and developers.; Highway frontage: 449 feet of frontage in a fast‑expanding corridor.; Live‑and‑work setup: Updated 2‑bedroom home with study, suitable for business or rental income.
    (817) 920-7700
    We can help!
    Listing Contact
    Diana Mcdowell
    Real Estate License ID: 0633957
    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.

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