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    Gordonville Warehouse on Highway 377 Title is generated by Realmo AI

    31633 Hwy 377 Highway, Gordonville, TX 76245

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    For Sale
    $489,000

    Warehouse - Gordonville, TX

    Type:Warehouse
    Property size:
    13,500 SF
    Lot size:
    1.49 Acres
    Price / SF:
    $36/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 12:06 pm

    Property Features for 31633 Hwy 377 Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Parking features
    Unassigned
    Standard status
    Active
    APN
    103311
    Size
    13,500 SF
    Lot size
    1.49 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Electric, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1990
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Cook
    Steve Cook

    Listing agent Steve Cook License #0173324

    Listing office Steve Cook & Co, REALTORS 225 Hwy 120 W, Pottsboro, TX

    Listing date May 15, 2026

    MLS# 21256057 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 13,500 sq ft of total space in two buildings connected by a covered walkway.
    • High‑traffic location on Hwy 377, ideal for various commercial uses.
    • South building features a clear span design with high ceilings (12‑16 ft).
    • Upgraded modern aerobic septic system.
    • Available 3‑phase electric service.
    • Central heat and air in the north building, plus wall AC units in the south building.

    Overview

    This 13,500 square foot property features two metal buildings, each 6,720 square feet, constructed approximately ten feet apart and connected by a covered walkway. The south building is a clear span structure with partitioned rooms at the east and west ends. Ceiling heights in the south building are estimated to range from 12 feet along the walls to 16 feet in the center. Four through-the-wall air conditioning units cool this space. The north building has columns spaced every 15 to 20 feet and includes two restrooms in the northwest corner. Central heat and air units provide climate control in the north building. The property includes upgraded septic system to a modern aerobic system. The property is situated on 1.488 acres with high traffic exposure on Highway 377. The property is suitable for various uses, including boat sales, warehouse operations, manufacturing, mini storage, antique mall, salvage sales, building material sales or storage, trailer sales, auto sales, classic car sales and restoration, and classic car storage.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Food Market Accounting Firm

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

    Similar Places Nearby

    • Texoma RV & Boat Storage — 620 Golden Oakes Rd, Gordonville, TX 76245

    Location Insight

    • Map
    • Local Demand
    City
    Gordonville
    County
    Grayson
    State
    Texas
    Longitude
    -96.8872
    Latitude
    33.8367

    Nearby Similar for Sale

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      5,500 SF

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      92-acre ranch suitable for private use, events, or development.
      2887 Liberty Road, Gordonville, TX 76245
      View Details
    • $3,850,000
      1,828 SF

      Texas Ranch Near Lake Texoma

      197+ acre ranch with homes and outbuildings near Lake Texoma.
      850 Gordonville Road, Gordonville, TX 76245
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    FAQs

    What type of property is this?
    Warehouse - 13,500 SF warehouse on 1.48 acres in Gordonville, TX.
    Where is this warehouse located?
    The property is located at 31633 Hwy 377 Highway Gordonville, TX.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: 13,500 sq ft of total space in two buildings connected by a covered walkway.; High‑traffic location on Hwy 377, ideal for various commercial uses.; South building features a clear span design with high ceilings (12‑16 ft).
    (903) 786-3355
    We can help!
    Listing Contact
    Steve Cook
    Steve Cook
    Real Estate License ID: 0173324
    Learn More
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    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
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