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    Commercial Property with Residential Structure Title is generated by Realmo AI

    321 W Highway 199, Springtown, TX 76082

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    Claim this Listing
    For Sale
    $179,900

    Commercial lot with updated home, suitable for business or investment.

    Type:Commercial
    Property size:
    992 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $181/SF
    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

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    Listing Contact
    Beth Correll

    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

    This 0.287-acre property is situated along a growing commercial corridor in Springtown and is currently zoned for commercial use, providing flexibility for various business or investment opportunities. The property features a 952 sq. ft. home with 2 bedrooms and 1 bath. The home includes original hardwood floors, solid wood cabinets, new paint, updated fixtures, and a new hot water heater, with additional upgrades completed in 2024. The floor plan and wide hallways make it suitable for conversion to office or small business space. The property offers 114 feet of frontage on W Hwy 199, providing excellent visibility for signage and easy customer access. The location benefits from steady traffic and nearby commercial development. An adjacent lot is also available from another seller, offering the opportunity to expand the acreage. The property is suitable for income-producing investment or commercial use and has excellent potential for office or retail use. It is located in a developing and desirable area.

    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
    992 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $228.0K
    $199.5K – $266.0K (±1% cap)
    NOI $15,962 @ 7.0% cap · market cap 8.87%
    Second Best
    Office B
    $179.7K
    $157.3K – $209.7K (±1% cap)
    NOI $12,580 @ 7.0% cap · market cap 6.99%
    Theoretical Best
    Industrial
    $985.7K
    $862.5K – $1.15M (±1% cap)
    NOI $69,000 @ 7.0% cap · market cap 38.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.6891
    Latitude
    32.964188

    FAQs

    What type of property is this?
    Commercial land - Commercial lot with updated home, suitable for business or investment.
    Where is this commercial land located?
    The property is located at 321 W Highway 199 Springtown, TX.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: 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.
    More about this property
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