247 Rhoades Lane Springtown, TX 76082
COMMERCIAL - Springtown, TX
Property Features for 247 Rhoades Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Carport, Garage
- Standard status
- Active
- APN
- R000092983
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- ACRES: 2.000 ABST: 2031 SURVEY: MALOTT L J TR
- Tax Annual Amount
- 923
Utilities
- Sewer type
- Septic Tank
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Concrete
- Roof type
- Metal
Listing agent Suzanne Eldridge Gore License #0586636 (888) 519-7431
Listing office eXp Realty, LLC Austin, TX (888) 519-7431
Listing date Jul 15, 2026
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.
Investment Insights
Based on property information with market context.
The property is outside city limits and is described as having no HOA and no restrictions. Approximately half of the property is fenced. Water service is provided by Walnut Creek Water Supply, with water tap fees to be paid at closing. It is located about 1,000 feet from Highway 199 behind the Dollar Store, offering convenient access while maintaining a more set-back setting.
The one-acre lot and partially fenced layout provide flexibility for a range of business and operational uses.
Key Highlights
- Approximately 1‑acre property outside city limits with no HOA and no restrictions
- Shop building with approx. 1,000 SF of cinder block and concrete, plus a durable metal roof (built in 1984)
- Drive‑thru shop layout with back room and a solid concrete floor
Local Financial Insights For Flex RnD
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 | $12.0k | $12.00 |
| − Vacancy | −$720 | −$0.72 |
| EGI | $11.3k | $11.28 |
| − OpEx | −$3.9k | −$3.95 |
| NOI | $7.3k | $7.33 |
