Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Tract on Garnett Street Title is generated by Realmo AI

    420 W Garnett Street, Gainesville, TX 76240

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,300,000

    2.915 acre commercial tract with road access.

    Type:Commercial/Industrial
    Property size:
    300 SF
    Lot size:
    2.92 Acres
    Price / SF:
    $4,333/SF
    Added:
    Mar 11, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 420 W Garnett Street

    General Information

    Standard status
    Active
    Size
    300 SF
    Lot size
    2.92 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    JOHN STOCKTON, JR.

    Listing agent JOHN STOCKTON, JR. License #0425106

    Listing office EAGLE ONE REALTY

    Listing date Mar 11, 2026

    Source Exitrealty

    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 EAGLE ONE REALTY

    HighLights

    • 2.915 acre commercial tract
    • Clear land, ready for development (with exception of one small building)
    • New access road adjoining the West side
    • Garnett Street on the North side
    • Desirable property location
    • Year Built: 1900

    Overview

    This is a 2.915 acre commercial tract. The land is clear except for one small building. A new access road adjoins the west side of the property, and Garnett Street is on the north side. The property size is 300 square feet. Intended use is commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Cooke
    State
    Texas
    Longitude
    -97.1489
    Latitude
    33.62

    Nearby Similar for Sale

    • $519,000
      3,034 SF

      Gainesville Ranch with Acreage

      Charming ranch on 6.1 acres near Gainesville, TX.
      2328 FM 2071, Gainesville, TX 76240
      View Details
    • $1,470,000
      3,638 SF

      Gainesville Ranch with Custom Home

      25-acre ranch featuring a custom-built home and equestrian facilities.
      1397 CR 338, Gainesville, TX 76240
      View Details
    • $1,470,000
      3,600 SF

      25-Acre Ranch in Gainesville, TX

      25 acres perfect for ranching, equestrian use, or building.
      1397 County Road 338, Gainesville, TX 76240
      View Details
    • $975,000
      2,902 SF

      Modern Farmhouse on 11 Acres

      Stunning modern farmhouse with pond and sunrise views.
      646 County Road 2121, Gainesville, TX 76240
      View Details
    • $140,000

      Commercial Land on I-35 Service

      High-visibility commercial property with excellent frontage on I-35 service road.
      720 Mccrary Street, Gainesville, TX 76240
      View Details
    • $679,000

      Downtown Gainesville Retail/Office Opportunity

      Four units near courthouse with retail/office potential. Owner financing available.
      710 E California Street, Gainesville, TX 76240
      View Details
    • $326,500

      Gainesville Land I-35 Frontage

      1.51 acres of land with I-35 access in Gainesville, TX.
      1630 Fm 1306, Gainesville, TX 76240
      View Details
    • $1,200,000
      3,000 SF

      Gainesville Luxury Ranch Barndominium Estate

      Upscale 11-acre equestrian estate with modern barndominium and horse facilities.
      1330 Jrc Road, Gainesville, TX 76240
      View Details
    • $1,399,900

      Gainesville Land on I-35

      21 acre commercial land with high visibility and development potential.
      3511 S Interstate 35, Gainesville, TX 76240
      View Details
    • $274,500

      Gainesville, TX Land Opportunity

      1.24 acres of land with highway access in Gainesville, TX.
      Tbd 1 Fm 1306, Gainesville, TX 76240
      View Details
    • $1,000,000

      Lakefront Land in Lake Kiowa

      Lakefront lot with boat dock in amenity-rich Lake Kiowa.
      134 Blackfoot Trail, Gainesville, TX 76240
      View Details
    • $799,000

      Gainesville Land For Sale

      8.04 acre commercial land available in Gainesville, Texas.
      1601 Cherry Street, Gainesville, TX 76240
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.915 acre commercial tract with road access.
    Where is this commercial land located?
    The property is located at 420 W Garnett Street Gainesville, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 2.915 acre commercial tract; Clear land, ready for development (with exception of one small building); New access road adjoining the West side
    (817) 228-2698
    We can help!
    Listing Contact
    JOHN STOCKTON, JR.
    Real Estate License ID: 0425106
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    420 W Garnett Street, Gainesville, TX 76240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!