Mixed-Use Building with Retail
For Sale
Contact for pricing
204 W McCart St, Krum, TX 76249
Commercial General zoning combines available storefront space with two residential units.
Property Size2,822 SF
Price / SF$230.33
Days on Market204
Property Features for 204 W McCart St
General Information
Standard status
Active
Size
2,822 SF
Class
C
Property subtype
Retail
Zoning
Commercial General
Investment Type
Value Add
Additional Details
Asking Price
$650,000
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
EWRG Commercial Group | Powered by REAL Broker
Listed By:
Edie West · License #Tx. 655521
Source:
Crexi
Added: Mar 25
Changed: Oct 6
Last Checked: Oct 12 at 7:28PM
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 EWRG Commercial Group | Powered by REAL Broker
Investment Insights
Based on property information with market context.
Built in 1980, this 2,822 SF mixed-use property includes 1,380 SF of retail area that is currently available, along with two residential units. The configuration supports a combination of commercial occupancy and residential rental income within one building.
The property is located at 204 W McCart St in Krum, within the Old Town core and along FM 1173. TxDOT improvements, including a widening program and active construction projects nearby, are identified as part of the surrounding access and infrastructure activity. Commercial General zoning applies to the site, and the two residential units provide an additional income component alongside the available retail space.
The property is located at 204 W McCart St in Krum, within the Old Town core and along FM 1173. TxDOT improvements, including a widening program and active construction projects nearby, are identified as part of the surrounding access and infrastructure activity. Commercial General zoning applies to the site, and the two residential units provide an additional income component alongside the available retail space.
Key Highlights
- 2,822 SF mixed‑use building at 204 W McCart St, Krum, TX 76249
- 1,380 SF of retail space currently available
- Two residential units provide rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,841
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,820
$936.8K
Cap Rate 7%
$669,157
$669.2K
Cap Rate 9%
$520,456
$520.5K
Market Conditions
NOI Build-Up for 2,822 SF
Gross rent
$70.4K $24.96/SF
− Vacancy
−$3.5K −$1.25/SF
EGI
$66.9K $23.71/SF
− OpEx
−$20.1K −$7.11/SF
NOI
$46.8K $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 Rate 5%
$936,820
Cap Rate 7%
$669,157
Cap Rate 9%
$520,456
Alternative Uses
Best Use
Multifamily LT 5
$39.46M
$34.53M – $46.04M
NOI $2,762,483 @ 7.0% cap · market cap 425.00%
Second Best
Apartment 5plus
$32.59M
$28.52M – $38.03M
NOI $2,281,605 @ 7.0% cap · market cap 351.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 76249, TX
9,411
Population
3,375
Households
2.8
Avg Household Size
36
Median Age
33%
College-Educated
93%
High-School Grad
71.1 sq mi
ZIP Area
132
Density / Sq Mi
$111,263
Median Household Income
$51,788
Median Earnings
$1,703
Median Rent
$304,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial General zoning combines available storefront space with two residential units.
Where is this mixed-use property located?
The property is located at 204 W McCart St Krum, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,822 SF mixed‑use building at 204 W McCart St, Krum, TX 76249; 1,380 SF of retail space currently available; Two residential units provide rental income
