Commercial Land with Existing
For Sale
$850,000
3265 W Hwy 199, Springtown, TX 76082
Level commercial tract along Highway 199 with an existing house suitable for office or operational use.
Property Size2,093 SF
Price / SF$406.12
Days on Market356
Property Features for 3265 W Hwy 199
General Information
Standard status
Active
Size
2,093 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
HH Realty
(469) 321-3468
Listed By:
Angie Gragg · License #0521748
Source:
Divinerealtygrp
Added: Sep 11, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:23PM
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
Investment Insights
Based on property information with market context.
This 4.98-acre commercial land tract includes a 2,093-square-foot house constructed in 1970. The level site provides an existing structure that can support office or operational use while the broader property is considered for future development. The source information identifies potential applications including retail, office, restaurant, service business, and multi-tenant projects, subject to applicable requirements.
Located at 3265 W Highway 199 in Springtown, the property offers frontage along the highway and is described as having space for parking, signage, and expansion. Commercial zoning is in place, providing a basis for evaluating a range of commercial development concepts.
Located at 3265 W Highway 199 in Springtown, the property offers frontage along the highway and is described as having space for parking, signage, and expansion. Commercial zoning is in place, providing a basis for evaluating a range of commercial development concepts.
Key Highlights
- 4.98‑acre commercial land tract
- 2,093‑square‑foot house built in 1970
- Level site with Highway 199 frontage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,860
$530.9K
Cap Rate 7%
$379,186
$379.2K
Cap Rate 9%
$294,922
$294.9K
Market Conditions
NOI Build-Up for 2,093 SF
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.
Gross rent
$46.0K $21.96/SF
− Vacancy
−$10.6K −$5.05/SF
EGI
$35.4K $16.91/SF
− OpEx
−$8.8K −$4.23/SF
NOI
$26.5K $12.68/SF
Area
Parker County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,860
Cap Rate 7%
$379,186
Cap Rate 9%
$294,922
Alternative Uses
Best Use
Office B
$379.2K
$331.8K – $442.4K
NOI $26,543 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.08M
$1.82M – $2.43M
NOI $145,581 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 76082, TX
21,514
Population
8,576
Households
2.5
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
102.8 sq mi
ZIP Area
209
Density / Sq Mi
$93,553
Median Household Income
$49,323
Median Earnings
$1,275
Median Rent
$277,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Level commercial tract along Highway 199 with an existing house suitable for office or operational use.
Where is this commercial land located?
The property is located at 3265 W Hwy 199 Springtown, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4.98‑acre commercial land tract; 2,093‑square‑foot house built in 1970; Level site with Highway 199 frontage
