Highway-Frontage Mixed-Use
For Sale
$999,000
4861 E Highway 199, Reno, TX 76082
CommercialSale, Reno, TX
Property Size1,980 SF
Lot Size1.39 Acres
Price / SF$504.55
Days on Market220
Property Features for 4861 E Highway 199
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial, residential
Parking features
Garage, Open
Security features
Security
Subdivision
La Junta
Lot features
Acreage, Level, Few Trees
Directions
West on 199 From 730 3.3 miles on the right. 18 miles from Fort Worth, easily assessable to 820, I35, 30, 20 and DFW airport.
Standard status
Active
APN
R000054225
Lot size
1.39 Acres
Taxes and HOA fees
Tax Description
ACRES: 1.390 ABST: 1381 SURVEY: T & P RR CO SUR 29
Tax Annual Amount
3706
Legal Description
ACRES: 1.390 ABST: 1381 SURVEY: T & P RR CO SUR 29
Utilities
Sewer type
Aerobic Septic
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Prime Realty, LLC
(817) 441-7400
Listed By:
Alice Winegar · License #0488409
(817) 757-7176
Added: Mar 12
Changed: Sep 13
Last Checked: Oct 17 at 4:06PM
MLS# 21188870
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.
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Investment Insights
Based on property information with market context.
This mixed-use property combines a home and office totaling 1,980 square feet on a 1.39-acre parcel. The buildings feature R-panel steel construction, tile and carpet flooring, central air, electric heating and cooling, and ceiling fans. An additional 880 square feet of porch space may be enclosed for expanded business use. Open parking occupies approximately one third of the land, and garage parking is also available.
The property fronts East Highway 199 for 355.47 linear feet at 4861 E Highway 199 in Reno, Texas. It is located 25 miles from downtown Fort Worth, 18 miles from Weatherford, 3 miles from Azle, and 18 miles from Decatur. Public water and an aerobic septic system serve the property. The metal roof was built in 2004.
The property fronts East Highway 199 for 355.47 linear feet at 4861 E Highway 199 in Reno, Texas. It is located 25 miles from downtown Fort Worth, 18 miles from Weatherford, 3 miles from Azle, and 18 miles from Decatur. Public water and an aerobic septic system serve the property. The metal roof was built in 2004.
Key Highlights
- 1.39‑acre mixed‑use property with 355.47 linear feet of frontage on East Highway 199
- Existing home and office space totals 1,980 square feet
- Additional 880 square feet of porch space may be enclosed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,214
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,280
$684.3K
Cap Rate 7%
$488,771
$488.8K
Cap Rate 9%
$380,156
$380.2K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$60.8K $30.72/SF
− Vacancy
−$15.2K −$7.68/SF
EGI
$45.6K $23.04/SF
− OpEx
−$11.4K −$5.76/SF
NOI
$34.2K $17.28/SF
Area
Lamar County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,280
Cap Rate 7%
$488,771
Cap Rate 9%
$380,156
Alternative Uses
Best Use
Office B
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 3.42%
Second Best
Mixed Use
$244.0K
$213.5K – $284.6K
NOI $17,078 @ 7.0% cap · market cap 1.71%
Theoretical Best
Hotel Hospitality
$1.49M
$1.30M – $1.74M
NOI $104,396 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
93
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Metal-sided home and office with an enclosed-porch expansion option and open parking area.
Where is this mixed-use property located?
The property is located at 4861 E Highway 199 Reno, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 1.39‑acre mixed‑use property with 355.47 linear feet of frontage on East Highway 199; Existing home and office space totals 1,980 square feet; Additional 880 square feet of porch space may be enclosed
