321 W Highway 199, Springtown, TX 76082
Commercial lot with updated home, suitable for business or investment.
- Added:
- Apr 22, 2026
- Days on Market:
- 50
- Last Refresh:
- Apr 22 at 5:23 pm
Property Features for 321 W Highway 199
General Information
- Standard status
- Active
- Size
- 992 SF
- Lot size
- 0.29 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agent Beth Correll
Listing office Weichert REALTORS, Team Realty
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 Weichert REALTORS, Team Realty
HighLights
- Prime commercial location on W Hwy 199 with 114 feet of frontage and high visibility.
- Zoned for commercial use, offering flexibility for business or investment.
- .287‑acre lot in a developing commercial corridor with limited availability.
- 952 sq. ft. home with original hardwood floors, solid wood cabinets, and 2024 updates.
- Floor plan and wide hallways suitable for conversion to office or small business space.
- Opportunity to expand acreage with adjacent lot available by another seller.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.9k | $24.12 |
| − Vacancy | −$1.1k | −$1.13 |
| EGI | $22.8k | $22.99 |
| − OpEx | −$6.8k | −$6.90 |
| NOI | $16.0k | $16.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springtown
- County
- Parker
- State
- Texas
- Longitude
- -97.6891
- Latitude
- 32.964188