Single-Story Storefront
For Sale
$799,000
205 W 4th St, Justin, TX 76247
Commercial building with concrete floors, central HVAC, natural gas, and on-site parking.
Property Size3,948 SF
Price / SF$202.38
Days on Market50
Property Features for 205 W 4th St
General Information
Standard status
Active
Size
3,948 SF
Building Details
Year Built
1953
Listing Agency:
Major League Realty, Inc.
Listed By:
Cathy Green · License #0542948
(940) 648-0382
Source:
Aboveandbeyondrealty
Added: Aug 26
Changed: Oct 1
Last Checked: Oct 12 at 11:10PM
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 Major League Realty, Inc.
Investment Insights
Based on property information with market context.
This single-story storefront building contains approximately 3,948 square feet on a 0.33-acre lot. The property includes concrete flooring, central heating and air, natural gas service, and on-site parking. City water and sewer are available to the building, supporting its existing commercial configuration.
Built in 1953, the property is located at 205 W 4th St in Justin, Texas, with access to the surrounding North Texas corridor. Potential commercial uses are subject to approval by the City of Justin.
Built in 1953, the property is located at 205 W 4th St in Justin, Texas, with access to the surrounding North Texas corridor. Potential commercial uses are subject to approval by the City of Justin.
Key Highlights
- Approximately 3,948 SF building on a 0.33‑acre lot
- Single‑story storefront configuration
- Concrete flooring throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,530
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,600
$1.3M
Cap Rate 7%
$936,143
$936.1K
Cap Rate 9%
$728,111
$728.1K
Market Conditions
NOI Build-Up for 3,948 SF
Gross rent
$98.5K $24.96/SF
− Vacancy
−$4.9K −$1.25/SF
EGI
$93.6K $23.71/SF
− OpEx
−$28.1K −$7.11/SF
NOI
$65.5K $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%
$1,310,600
Cap Rate 7%
$936,143
Cap Rate 9%
$728,111
Alternative Uses
Best Use
Retail
$936.1K
$819.1K – $1.09M
NOI $65,530 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$55.21M
$48.31M – $64.41M
NOI $3,864,736 @ 7.0% cap · market cap 483.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Domino's Pizza
Dining
1,308 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with concrete floors, central HVAC, natural gas, and on-site parking.
Where is this storefront property located?
The property is located at 205 W 4th St Justin, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 3,948 SF building on a 0.33‑acre lot; Single‑story storefront configuration; Concrete flooring throughout the building
