Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Stephenville Mixed-Use Commercial Property Title is generated by Realmo AI

    3054 W Washington Street, Stephenville, TX 76401

    View on Map
    Claim this Listing
    For Lease
    $3,800/Mo $12 SF/Yr (calc)

    Versatile commercial space with office, retail, and warehouse components.

    Property size:
    3,571 SF
    Added:
    Apr 22, 2026
    Days on Market:
    40
    Last Refresh:
    Apr 22 at 5:51 pm

    Property Features for 3054 W Washington Street

    General Information

    Standard status
    Active
    Size
    3,571 SF

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    Case Horton

    Listing agent Case Horton

    Listing office PREFERRED PROPERTIES OF TEXAS

    Listing date Apr 22, 2026

    Source Signaturere

    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 PREFERRED PROPERTIES OF TEXAS

    HighLights

    • High‑traffic location on Highway 377 South with strong visibility.
    • Versatile property suitable for office, retail, and warehouse use.
    • Features a 41' x 50' metal warehouse with loading dock.
    • Commercial built‑in cooler for cold storage needs.
    • Main building offers office/retail space with newer central heat and air.
    • Ample parking available.

    Overview

    Located on high-traffic Highway 377 South in Stephenville, this commercial property offers a combination of office, retail, and warehouse space suitable for a variety of business uses. The main rock and metal building includes a spacious office and retail area with a newer central heat and air system, a break room, and a full bathroom. Attached to the main building is a 41' x 50' metal warehouse equipped with a loading dock and a commercial built-in cooler, making it ideal for businesses needing additional storage, distribution space, or cold storage capability. The property is located on a busy commercial corridor with strong visibility and traffic counts, and it offers ample parking. The property is serviced by well and septic. With a total property size of 3571 square feet, this location has served as a successful business location and offers flexibility and immediate potential for opening a new business or relocating an existing one.
    Location Intelligence

    Current Use by Public Records

    Baby Clay's Meat ... Take-out & Catering Bar Diamond Llc Bar & Pub

    Suggested Use

    Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Restaurant Spa & Massage Center Hair Salon Gym & Fitness Center Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.252455
    Latitude
    32.198498

    Nearby Similar for Lease

    • $750/Mo

      Professional Office Space in Stephenville

      Prime office spaces available for lease in high-traffic Stephenville location.
      2915 W Washington Street, Stephenville, TX 76401
      View Details
    • $7,500/Mo

      Versatile Commercial/Industrial Property For Lease

      Commercial/industrial property on high-traffic area, suitable for retail, warehouse, office.
      3098 W Washington, Stephenville, TX 76401
      View Details
    • $1,000/Mo

      Professional Office Space in Stephenville

      Flexible office space with private cubicles, conference room, and amenities.
      159 S Graham Street, Stephenville, TX 76401
      View Details
    • $14,613/Mo

      Prime Retail Space in Stephenville

      High-visibility retail space in a high-traffic shopping center.
      2133 W Washington Street, Stephenville, TX 76401
      View Details
    • $9,500/Mo

      Prime Retail Location with Drive-Thru

      Desirable location in Stephenville, TX with drive-thru and ample parking.
      3011 W Washington Street, Stephenville, TX 76401
      View Details
    • $3,500/Mo

      Versatile Commercial Property on Highway 377

      Office, retail, and warehouse space on high-traffic Highway 377.
      3054 W Washington Street, Stephenville, TX 76401
      View Details
    • $4,500/Mo

      Stephenville Warehouse with Open Space

      Large warehouse with open space and 24-hour access.
      Tbd W Washington Street, Stephenville, TX 76401
      View Details
    • $2,800/Mo

      Charming Commercial Space in Stephenville

      Versatile 1390 sq ft space ideal for retail or office.
      647 W Washington Street, Stephenville, TX 76401
      View Details
    • $15,600/Mo

      Stephenville Warehouse with Updated Office

      Commercial warehouse with flexible space and convenient highway access.
      2014 N US Highway 377, Stephenville, TX 76401
      View Details
    • $2,800/Mo
      1,390 SF

      Charming Commercial Space with Character

      Versatile 1390 sq ft space ideal for retail or office.
      647 W Washington Street, Stephenville, TX 76401
      View Details
    • $7,500/Mo
      7,500 SF

      Versatile Commercial Property on Highway 377

      Commercial, industrial property with retail, warehouse, and office space.
      3098 W Washington, Stephenville, TX 76401
      View Details
    • $9,700/Mo
      6,552 SF

      Versatile Medical/Therapy Space Available

      Adaptable commercial space suitable for medical or therapy practices.
      205 River North Boulevard, Stephenville, TX 76401
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial space with office, retail, and warehouse components.
    Where is this mixed-use property located?
    The property is located at 3054 W Washington Street Stephenville, TX.
    What is the lease rate?
    The lease rate is $3,800 /Mo.
    What are key features of this property?
    This property features: High‑traffic location on Highway 377 South with strong visibility.; Versatile property suitable for office, retail, and warehouse use.; Features a **41' x 50' metal warehouse with loading dock**.
    We can help!
    Listing Contact
    Case Horton
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3054 W Washington Street, Stephenville, TX 76401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!