Chico, Texas Retail and
For Sale
$650,000
Pending
300 S State Highway 101, Chico, TX 76431
Commercial property with retail spaces and storage units in Chico.
Property Size9,560 SF
Lot Size0.95 Acres
Days on Market256
Property Features for 300 S State Highway 101
General Information
Standard status
Pending
Size
9,560 SF
Lot size
0.95 Acres
Property subtype
Commercial
Building Details
Building Size
9,560 SF
Year Built
1998
Stories
1
Units
91
Listing Agency:
Tomie Fox Real Estate Group
(940) 210-8088
Listed By:
Lana Hamblin
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Jul 16 at 10:21AM
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 Tomie Fox Real Estate Group
Investment Insights
Based on property information with market context.
Located off State Highway 101 in Chico, Texas, this corner-lot commercial property presents an investment opportunity with both retail and storage income potential. The property features a secured gate-access storage facility behind the retail frontage, including 13 5x10 units, 42 10x10 units, and 32 10x15 units. Each storage unit has 8- to 10-foot ceilings and easy access for tenants. In front, there are four retail lease spaces suitable for local businesses or service providers seeking highway exposure. The property offers multiple revenue streams and long-term growth potential.
Key Highlights
- Prime corner‑lot location off State Highway 101 in Chico, Texas, offering high visibility.
- Multiple revenue streams from four retail lease spaces and a secured gate‑access storage facility.
- Storage facility includes 13 (5x10), 42 (10x10), and 32 (10x15) units with 8- to 10‑foot ceilings.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,844
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,880
$1.0M
Cap Rate 7%
$726,343
$726.3K
Cap Rate 9%
$564,933
$564.9K
Market Conditions
NOI Build-Up for 9,560 SF
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.
Gross rent
$76.9K $8.04/SF
− Vacancy
−$4.2K −$0.44/SF
EGI
$72.6K $7.60/SF
− OpEx
−$21.8K −$2.28/SF
NOI
$50.8K $5.32/SF
Area
Wise County, TX
Vacancy
5.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,880
Cap Rate 7%
$726,343
Cap Rate 9%
$564,933
Alternative Uses
Best Use
Retail
$2.27M
$1.98M – $2.64M
NOI $158,681 @ 7.0% cap · market cap 24.41%
Second Best
Self Storage
$1.33M
$1.17M – $1.56M
NOI $93,353 @ 7.0% cap · market cap 14.36%
Theoretical Best
Hotel Hospitality
$7.20M
$6.30M – $8.40M
NOI $504,051 @ 7.0% cap · market cap 77.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 76431, TX
3,517
Population
1,698
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
84%
High-School Grad
120.5 sq mi
ZIP Area
29
Density / Sq Mi
$82,971
Median Household Income
$38,949
Median Earnings
$1,094
Median Rent
$186,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Commercial property with retail spaces and storage units in Chico.
Where is this strip mall located?
The property is located at 300 S State Highway 101 Chico, 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: Prime corner‑lot location off State Highway 101 in Chico, Texas, offering high visibility.; Multiple revenue streams from four retail lease spaces and a secured gate‑access storage facility.; Storage facility includes 13 (5x10), 42 (10x10), and 32 (10x15) units with 8- to 10‑foot ceilings.
