Office Building with Highway
For Sale
$999,000
4861 E Highway 199, Reno, TX 76082
COMMERCIAL - Reno, TX
Property Size1,980 SF
Lot Size1.39 Acres
Price / SF$504.55
Days on Market175
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
Electric, Central Air, Ceiling Fan(s)
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: Aug 4
Last Checked: Sep 2 at 11:06AM
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.
Investment Insights
Based on property information with market context.
This office building is constructed with R-panel steel and has no load-bearing walls, creating flexibility for office/working-area layouts. The combined area of the home and office is 1,980 square feet, with an additional 880 square feet of porch space that could be enclosed to expand usable business area to approximately 2,200 square feet. The property includes a metal roof and flooring finishes of tile and carpet. Heating and cooling are electric, including central air, ceiling fans, and central electric heating. Water service is public, and wastewater is handled by an aerobic septic system. Parking features include a garage and open parking.
Set on 1.39 acres with 355.47 feet of highway frontage, the site currently uses about one third of the land for road base parking. The property is at 4861 E Highway 199 in Reno, Texas, and is positioned roughly 25 miles from downtown Fort Worth, 18 miles from Weatherford, 3 miles from Azle, and 18 miles from Decatur.
Built in 2004, this is a straightforward, drive-up compatible office opportunity with a site configured for practical parking along the highway corridor.
Set on 1.39 acres with 355.47 feet of highway frontage, the site currently uses about one third of the land for road base parking. The property is at 4861 E Highway 199 in Reno, Texas, and is positioned roughly 25 miles from downtown Fort Worth, 18 miles from Weatherford, 3 miles from Azle, and 18 miles from Decatur.
Built in 2004, this is a straightforward, drive-up compatible office opportunity with a site configured for practical parking along the highway corridor.
Key Highlights
- 1.39‑acre site with 355.47 feet of highway frontage
- R‑panel steel construction with no load‑bearing walls
- 1980 square feet home and office plus 880 square feet porch space that could be enclosed
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
$34,214
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
3.42%
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%
$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
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
$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 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%
$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
—
—
no second resolved use
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - R-panel steel office building with central electric HVAC, public water, and on-site garage and open parking.
Where is this office building 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 site with 355.47 feet of highway frontage; R‑panel steel construction with no load‑bearing walls; 1980 square feet home and office plus 880 square feet porch space that could be enclosed
