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    Multi-Tenant Airport-Adjacent Office Building Title is generated by Realmo AI

    36549 State Highway 64, Wills Point, TX 75169

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    For Sale
    $995,000

    SINGLE_FAMILY - Wills Point, TX

    Type:Office
    Property size:
    6,500 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $153/SF
    Added:
    Jan 21, 2026
    Days on Market:
    133
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 36549 State Highway 64

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    R000037327
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 2.000 ABST: 30 SUR: W H AVANT
    Tax Annual Amount
    5923

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Carpet, Linoleum
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Rod Holland

    Listing agent Rod Holland License #0361507

    Listing office Keller Williams Rockwall Rockwall, TX

    Listing date Jan 21, 2026

    MLS# 21144325

    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

    • 6,500 SF multi‑tenant building with one warehouse for storage and one hangar with access to the airport
    • Brick construction; built in 1984 with central heating and central air
    • Flat roof; flooring includes carpet and linoleum; served by a septic tank
    • Airport features include a 3,230 x 50 ft asphalt runway and 70 acres with runway, parking lot, beacon, helipad, and entrance
    • Airport operating details include Class G airspace, low intensity runway lighting, and no commercial flights or landing fees reported
    • Minimal airport traffic averages under 40 takeoffs and landings per day; prime frontage on Hwy 64 and close to I‑20 and Canton

    Overview

    The property is a multi-tenant 6,500 square foot office building that also includes space for warehouse storage and a hangar with access to the airport. It offers an aviation-oriented setup for businesses that need both administrative space and secure, aircraft-accessible operations. The offering is supported by the airport’s existing airfield infrastructure, including a terminal building with 24-hour pilot access to a pilot lounge, pilot planning, flight training amenities, WiFi, and restrooms.

    The airport is located in Van Zandt County and features an asphalt runway measuring 3,230 by 50 feet, along with runway area facilities including parking lot, beacon, helipad, and an entrance. The airport site is described as 70 acres with Class G airspace, along with self-service 100 LL Avgas with a credit card terminal. The property also benefits from prime State Highway 64 frontage, with proximity noted to I-20 and Canton.

    This configuration is well suited for an investor or operator seeking a specialized, airport-adjacent income opportunity that can support aviation-related tenants and related services. With minimal airport traffic averaging less than 40 takeoffs and landings per day and no commercial flights or landing fees, the site may appeal to users looking for consistent aviation access alongside office and storage space. Air cargo service can be arranged, and additional materials are available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tracy Lowe Law, ... Law Firm Wills Point Economic ... Social Service Agency Elizabeth Collins-Lee Counselor The Right Corner Association Or Organization Future Jet Aerodesign Engineer

    Suggested Use

    Restaurant Law Firm Department Store Kitchen & Bath Showroom Storage Facility Garden Center Discount Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Wills Point
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.978934
    Latitude
    32.671532

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    FAQs

    What type of property is this?
    Office building - Multi-tenant office building with warehouse storage and hangar access at an airport with 24-hour pilot facilities.
    Where is this office building located?
    The property is located at 36549 State Highway 64 Wills Point, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 6,500 SF multi‑tenant building with one warehouse for storage and one hangar with access to the airport; Brick construction; built in 1984 with central heating and central air; Flat roof; flooring includes carpet and linoleum; served by a septic tank
    (972) 772-7000
    We can help!
    Listing Contact
    Rod Holland
    Real Estate License ID: 0361507
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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.

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