Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 W Walker Street Breckenridge, TX 76424

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $188,000

    9620 SF building on corner lot with ample parking.

    Type:Commercial/Industrial
    Property size:
    9,620 SF
    Lot size:
    0.26 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 2 at 1:16 am

    Property Features for 500 W Walker Street

    General Information

    Standard status
    Active
    Size
    9,620 SF
    Lot size
    0.26 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Jeannine Herrington
    Jeannine Herrington

    Listing agent Jeannine Herrington License #0686709

    Listing office H Bar Realty

    Listing date Mar 12, 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 H Bar Realty

    Overview

    Corner Lot Building Near Downtown

    This 9620 square foot building is situated on a corner lot in close proximity to downtown. Ample parking is available. The property is located 482 feet from a church, meeting regulations for alcohol sales. The property also corresponds to tax IDs R000013454 and R000013453.
    Location Intelligence

    Current Use by Public Records

    MoneyGram Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Breckenridge
    County
    Stephens
    State
    Texas
    Longitude
    -98.8979
    Latitude
    32.7555

    Nearby Similar for Sale

    • $244,000
      5,850 SF

      Highway Frontage Warehouse with Office

      Versatile commercial property with office, warehouse, and storage space.
      3020 W Walker Street, Breckenridge, TX 76424
      View Details
    • $190,000

      Updated Commercial Building on Highway 183

      Updated commercial building with office and warehouse space for sale.
      518 N Breckenridge Avenue, Breckenridge, TX 76424
      View Details
    • $325,000
      5,400 SF

      Breckenridge Bed and Breakfast Opportunity

      Versatile property with B&B, rental, or residential potential.
      900 W Walker, Breckenridge, TX 76424
      View Details
    • $250,000

      Turn-Key Restaurant with Drive-Thru

      Move-in ready restaurant with updated equipment and drive-thru window.
      420 W Walker Street, Breckenridge, TX 76424
      View Details
    • $200,000

      Historic Restaurant and Bar

      Turnkey restaurant and bar with indoor and outdoor stages.
      11210 State Highway 67, Breckenridge, TX 76424
      View Details
    • $78,000

      Professional Office/Retail Building Opportunity

      Highly visible Breckenridge building suitable for office or retail.
      111 S Miller Street, Breckenridge, TX 76424
      View Details
    • $111,999
      1,224 SF

      Highway Frontage Commercial Building on Acre

      Commercial building on an acre with highway frontage.
      2770 E US Highway 180, Breckenridge, TX 76424
      View Details
    • $192,500
      2,400 SF

      Retail Property Near Main Highway

      Retail property with storage, visibility, and expansion potential.
      3402 W Walker Street, Breckenridge, TX 76424
      View Details
    • $375,000

      Breckenridge RV Park Opportunity

      Well-maintained 18-site RV park near Hubbard Creek Reservoir.
      66 County Road 336, Breckenridge, TX 76424
      View Details
    • $393,600

      Breckenridge Hotel/Motel with Expansion Potential

      Remodeled motel near Hubbard Creek Lake with RV spot income potential.
      9464 US Highway 180 W, Breckenridge, TX 76424
      View Details
    • $80,000

      Former Church on Highway Frontage

      High-visibility property with commercial or residential potential.
      600 N Breckenridge Avenue, Breckenridge, TX 76424
      View Details
    • $200,000

      Historic Restaurant and Bar

      Turnkey restaurant and bar with seller financing available.
      11210 HWY 67, Breckenridge, TX 76424
      View Details

    FAQs

    What type of property is this?
    Storefront property - 9620 SF building on corner lot with ample parking.
    Where is this storefront property located?
    The property is located at 500 W Walker Street Breckenridge, TX.
    What is the asking price?
    The asking price for this property is $188,000.
    What are key features of this property?
    This property features: 9620 square foot building offers plenty of space.; Corner lot location provides great visibility.; Ample parking for customers and employees.
    (254) 559-4430
    We can help!
    Listing Contact
    Jeannine Herrington
    Jeannine Herrington
    Real Estate License ID: 0686709
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!