Occupied Storefront
For Sale
$225,000
316 N Jim Wright Fwy, White Settlement, TX 76108
Month-to-month tenancy provides flexibility for continued leasing or potential owner occupancy.
Property Size945 SF
Price / SF$238.10
Days on Market368
Property Features for 316 N Jim Wright Fwy
General Information
Standard status
Active
Size
945 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1983
Tenancy
Single
Listing Agency:
AmeriPlex Realty, Inc.
Listed By:
Teresa Von Illyes · License #0441572
(817) 366-0372
Source:
Divinerealtygrp
Added: Oct 12, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:03PM
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 AmeriPlex Realty, Inc.
Investment Insights
Based on property information with market context.
This 1983 storefront property is fully occupied by a hair salon tenant operating under a month-to-month lease. The flexible lease structure supports continued occupancy while preserving the stated option for future owner use. Professional management is in place, and the existing management company may continue after a sale.
The property is located at 316 N Jim Wright Freeway in White Settlement, directly off Loop 820. Access to I-30 and I-35 is available nearby, with Lockheed Martin also located just minutes away. The property size is listed as 945, and leases and P&L statements are available upon request.
The property is located at 316 N Jim Wright Freeway in White Settlement, directly off Loop 820. Access to I-30 and I-35 is available nearby, with Lockheed Martin also located just minutes away. The property size is listed as 945, and leases and P&L statements are available upon request.
Key Highlights
- Fully occupied by a hair salon tenant
- Month‑to‑month lease structure
- Property size: 945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,190
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,800
$303.8K
Cap Rate 7%
$217,000
$217.0K
Cap Rate 9%
$168,778
$168.8K
Market Conditions
NOI Build-Up for 945 SF
Gross rent
$22.8K $24.12/SF
− Vacancy
−$1.1K −$1.16/SF
EGI
$21.7K $22.96/SF
− OpEx
−$6.5K −$6.89/SF
NOI
$15.2K $16.07/SF
Area
ZIP 76108
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,800
Cap Rate 7%
$217,000
Cap Rate 9%
$168,778
Alternative Uses
Best Use
Retail
$217.0K
$189.9K – $253.2K
NOI $15,190 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.5K
$218.3K – $291.1K
NOI $17,464 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Month-to-month tenancy provides flexibility for continued leasing or potential owner occupancy.
Where is this storefront property located?
The property is located at 316 N Jim Wright Fwy White Settlement, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Fully occupied by a hair salon tenant; Month‑to‑month lease structure; Property size: 945
