Multi-Structure Highway Retail
23727 W Hwy 290 Harper, TX 78631
23727 W Hwy 290, Harper, TX, 78631
$374,000
For Sale
$374,000
For-sale property along W Hwy 290 with multiple buildings, four tenants, and expansive outdoor space.
Property Size3,846 SF
Price / SF$97.24
Days on Market103
Property Features for 23727 W Hwy 290
General Information
- Standard status
- Active
- Size
- 3,846 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1948
Listing agency
R-Bar Realty
(254) 326-8676
Listed by
Jessica Robinson
(254) 326-8676
Source
Xome
Added: Apr 10 Updated: Jul 20 at 4:37PM Checked: Jul 21 at 3:00AM
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 R-Bar Realty
Investment Insights
Based on property information with market context.
This for-sale investment property includes multiple buildings with four tenants already in place, set within expansive outdoor areas with mature trees and flexible open space. The offering is described as having evolved over time from a vintage Gulf gas station and a former fire station into a multi-structure destination, creating a versatile setting for a range of commercial or mixed-use concepts.
The property is located along the W Hwy 290 corridor in Harper, TX, with strong visibility and highway frontage. Public remarks also describe the site as having unrestricted use.
With a multi-building layout and outdoor functionality, the property is positioned for buyers seeking an income-producing asset on a heavily traveled highway corridor.
The property is located along the W Hwy 290 corridor in Harper, TX, with strong visibility and highway frontage. Public remarks also describe the site as having unrestricted use.
With a multi-building layout and outdoor functionality, the property is positioned for buyers seeking an income-producing asset on a heavily traveled highway corridor.
Key Highlights
- Commercial property on US Hwy 290 featuring multiple buildings and expansive outdoor/open areas
- Income‑producing setup with four tenants already in place
- Historic site originally home to a vintage Gulf gas station and a former fire station
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $8.04 |
| − Vacancy | −$2.6k | −$0.68 |
| EGI | $28.3k | $7.36 |
| − OpEx | −$8.5k | −$2.21 |
| NOI | $19.8k | $5.15 |
3,846 SF · lease $8.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$994.1K
$869.9K – $1.16M
NOI $69,589 @ 7.0% cap · market cap 18.61%
Second Best
Retail
$815.6K
$713.7K – $951.5K
NOI $57,092 @ 7.0% cap · market cap 15.27%
Theoretical Best
Hotel Hospitality
$2.91M
$2.55M – $3.40M
NOI $203,876 @ 7.0% cap · market cap 54.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - For-sale property along W Hwy 290 with multiple buildings, four tenants, and expansive outdoor space.
Where is this gas station located?
The property is located at 23727 W Hwy 290 Harper, TX.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: Commercial property on US Hwy 290 featuring multiple buildings and expansive outdoor/open areas; Income‑producing setup with four tenants already in place; Historic site originally home to a vintage Gulf gas station and a former fire station
