Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Property in Justin Title is generated by Realmo AI

    307 E 5th Street, Justin, TX 76247

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $325,000

    Commercial property in Justin, TX, ideal for various business ventures.

    Type:Commercial/Industrial
    Property size:
    912 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $356/SF
    Added:
    Mar 24, 2026
    Days on Market:
    62
    Last Refresh:
    Feb 10 at 7:26 pm

    Property Features for 307 E 5th Street

    General Information

    Standard status
    Active
    Size
    912 SF
    Lot size
    0.14 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Angie Gragg

    Listing agent Angie Gragg License #0521748

    Listing office HH Realty

    Listing date Mar 24, 2026

    Source Exitrealty

    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 HH Realty

    HighLights

    • Versatile commercial property zoned for general business.
    • Located in the heart of Justin.
    • High visibility and excellent accessibility.
    • Ideal for retail, office space, or other business operations.
    • Year Built: 1972.

    Overview

    This commercial property is located in Justin, Texas. Zoned for general business, the property offers high visibility and accessibility. It is suitable for a variety of business ventures, including retail, office space, and other business operations. The property size is 912 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Justin
    County
    Denton
    State
    Texas
    Longitude
    -97.298512
    Latitude
    33.088692

    Nearby Similar for Sale

    • $650,000

      Turnkey Flex Space on Acreage

      Climate-controlled flex space ready for immediate occupancy on 1.24 acres.
      9734 Wildflower Way, Dish, TX 76247
      View Details
    • $4,850,000
      36,000 SF

      New Industrial Park Pre-Leasing

      New mini industrial park with flexible units for lease.
      17332 Gaffield Road, Justin, TX 76247
      View Details
    • $2,050,000
      4,766 SF

      Farmhouse on 32 Acres

      Custom farmhouse with guest house, workshop, and equestrian facilities.
      5855 Western Star Drive, Justin, TX 76247
      View Details
    • $1,000,000

      Warehouse For Sale, Justin, TX

      Warehouse property available for purchase in Justin, Texas.
      121 W 6th Street, Justin, TX 76247
      View Details
    • $2,775,000
      1,800 SF

      Texas Ranch with Creek Access

      71.61-acre ranch featuring a move-in ready home and creek access.
      6634 Tim Donald Road, Justin, TX 76247
      View Details
    • $849,000

      5.2 Acres in Growing Justin

      Prime land in a rapidly developing area of Denton County.
      16777 John Wiley Road, Justin, TX 76247
      View Details
    • $3,495,000
      13,071 SF

      Luxury Texas Ranch Estate

      Gated 32-acre estate with custom home and equestrian facilities.
      12491 Madison Lane, Justin, TX 76247
      View Details
    • $5,499,000

      100 Acres Development Opportunity

      Prime land for residential or commercial development near Justin, TX.
      2600 Judge Lane, New Fairview, TX 76247
      View Details
    • $1,100,000

      Cleared Land Near Highways

      2.33 acre cleared, fenced, and gated lot with gravel base.
      17539 Matany Road, Justin, TX 76247
      View Details
    • $10,000,000

      Northlake Ranch and Homestead

      120-acre ranch in Northlake, TX with development potential.
      8145 Blair, Northlake, TX 76247
      View Details
    • $849,000

      5.2 Acres in Justin ETJ

      Unimproved land with home, barn, and well near future development.
      16777 John Wiley Road, Justin, TX 76247
      View Details
    • $560,000

      Commercial Land in Growing Town

      Commercial property in a rapidly growing North Texas town.
      514 Gulf Avenue, Justin, TX 76247
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property in Justin, TX, ideal for various business ventures.
    Where is this commercial land located?
    The property is located at 307 E 5th Street Justin, TX.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Versatile commercial property zoned for general business.; Located in the heart of Justin.; High visibility and excellent accessibility.
    (469) 321-3468
    We can help!
    Listing Contact
    Angie Gragg
    Real Estate License ID: 0521748
    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
    307 E 5th Street, Justin, TX 76247
    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!