Storefront Building with
For Sale
$375,000
Pending
300 E Railroad Ave, Godley, TX 76044
Flexible commercial layout with an open sales area, private office, restroom, kitchen, and covered side access.
Property Size1,080 SF
Lot Size0.78 Acres
Days on Market233
Property Features for 300 E Railroad Ave
General Information
Standard status
Pending
Size
1,080 SF
Lot size
0.78 Acres
Property subtype
Commercial
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Amenities
large open interior
private office
restroom
kitchen
concrete parking area
covered side entrance with sliding glass doors
Building Details
Year Built
2008
Buildings
1
Listing Agency:
Cowtown Real Estate
Listed By:
PAM Jackson 817-645-3350
(817) 645-3350
Source:
Divinerealtygrp
Added: Feb 23
Changed: Oct 1
Last Checked: Oct 12 at 7:55PM
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 Cowtown Real Estate
Investment Insights
Based on property information with market context.
This 1,080-square-foot storefront property, built in 2008, offers an open interior supported by a private office, restroom, and kitchen. A functioning drive-thru window, covered side entrance, and sliding glass doors provide multiple points of customer access. The property also includes a concrete parking area and has freshly painted interior and exterior surfaces.
Positioned on a corner lot in Godley, Texas, the approximately 0.777-acre site includes room for expansion. The rear of the property is visible from Hwy 171, providing an identified location for signage. Chisholm Trail is approximately 10 minutes away, with access to DFW described as 25 minutes.
Positioned on a corner lot in Godley, Texas, the approximately 0.777-acre site includes room for expansion. The rear of the property is visible from Hwy 171, providing an identified location for signage. Chisholm Trail is approximately 10 minutes away, with access to DFW described as 25 minutes.
Key Highlights
- 1,080 SF storefront building constructed in 2008
- Approximately 0.777‑acre corner lot with room for expansion
- Functioning drive‑thru window and covered side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,065
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,300
$361.3K
Cap Rate 7%
$258,071
$258.1K
Cap Rate 9%
$200,722
$200.7K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$33.2K $30.72/SF
− Vacancy
−$9.1K −$8.42/SF
EGI
$24.1K $22.30/SF
− OpEx
−$6.0K −$5.58/SF
NOI
$18.1K $16.73/SF
Area
Johnson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,300
Cap Rate 7%
$258,071
Cap Rate 9%
$200,722
Alternative Uses
Best Use
Office B
$258.1K
$225.8K – $301.1K
NOI $18,065 @ 7.0% cap · market cap 4.82%
Second Best
Retail
$256.1K
$224.1K – $298.8K
NOI $17,926 @ 7.0% cap · market cap 4.78%
Theoretical Best
Multifamily LT 5
$12.95M
$11.33M – $15.10M
NOI $906,191 @ 7.0% cap · market cap 241.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76044, TX
5,715
Population
3,127
Households
1.8
Avg Household Size
36
Median Age
26%
College-Educated
95%
High-School Grad
108.3 sq mi
ZIP Area
53
Density / Sq Mi
$103,795
Median Household Income
$56,411
Median Earnings
$1,227
Median Rent
$370,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout with an open sales area, private office, restroom, kitchen, and covered side access.
Where is this storefront property located?
The property is located at 300 E Railroad Ave Godley, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,080 SF storefront building constructed in 2008; Approximately 0.777‑acre corner lot with room for expansion; Functioning drive‑thru window and covered side entrance
