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    Multi-Building Retail/Office Property Title is generated by Realmo AI

    203 N Austin Street, Ranger, TX 76470

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    Claim this Listing
    New
    For Sale
    $70,000

    COMMERCIAL - Ranger, TX

    Lot size:
    0.29 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 203 N Austin Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Alley, Covered
    Standard status
    Active
    APN
    0012671
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Description
    PT OF 7 & 8 BLK 14 OT RANGER
    Tax Annual Amount
    273

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick, MetalSiding, WoodSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Johnny Wells
    Johnny Wells

    Listing agent Johnny Wells License #0393603

    Listing office RANGER REALTY Ranger, TX

    Listing date Jun 4, 2026

    MLS# 21291504

    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

    • Downtown Ranger commercial property across from the Post Office, with alley access and streets on two sides
    • Two buildings plus room/space for another building, situated on a half‑block
    • Main brick building built in 1940 with recent upgrades including metal roof, plumbing, and wiring
    • Open‑space layout in the main building with one office room and one bathroom
    • Second building suited for storage or a separate business use
    • Utilities include public water and public sewer; metal roof and concrete flooring

    Overview

    This offering includes two buildings on a half-block site with alley access and streets on two sides, plus space for another building. The main brick building has undergone multiple upgrades in recent years, including a metal roof along with plumbing and wiring improvements. Inside, the layout is primarily open space, with one room set up for an office and one bathroom. A second building on the property is well suited for storage or for operating a separate business from the site.

    The property is described as being in downtown Ranger, across the street from the Post Office. The combination of alley access and street frontage provides multiple practical entry points for day-to-day operations and customer or employee use.

    Configuration-wise, the site can support a range of commercial needs, including office use and small-format retail or personal-service operations. The listing notes current use for a resale business, with inventory available to transfer with the property, which may be relevant for buyers looking to continue operating. With both an upgraded primary building and an additional structure for storage or a separate tenant/user, the property may fit buyers who want flexibility on one parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ranger
    County
    Eastland
    State
    Texas
    Longitude
    -98.681502
    Latitude
    32.472316

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    FAQs

    What type of property is this?
    Retail space - Two buildings with recent upgrades and alley access, offering flexible space for retail, office, or service use.
    Where is this retail space located?
    The property is located at 203 N Austin Street Ranger, TX.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Downtown Ranger commercial property across from the Post Office, with alley access and streets on two sides; Two buildings plus room/space for another building, situated on a half‑block; Main brick building built in 1940 with recent upgrades including metal roof, plumbing, and wiring
    (254) 631-1817
    We can help!
    Listing Contact
    Johnny Wells
    Johnny Wells
    Real Estate License ID: 0393603
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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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