Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Flex Space with Fenced Yard Title is generated by Realmo AI

    501 W Highway 199, Springtown, TX 76082

    View on Map
    Claim this Listing
    For Lease
    $5,000/Mo $8 SF/Yr (calc)

    COMMERCIAL - Springtown, TX

    Property size:
    7,185 SF
    Lot size:
    2.00 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    144
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 501 W Highway 199

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Open
    Standard status
    Active
    APN
    R000034078
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 2.000 SUBD: WIT HAVEN LOT: 11 & 12 BLK

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2015
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Paula Gallego
    Paula Gallego

    Listing agent Paula Gallego License #0578178

    Listing office Keller Williams Realty Southlake, TX

    Listing date Jan 12, 2026

    MLS# 21107039

    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

    • 7,185 SF total leasable industrial space across two separate buildings
    • Multiple oversized roll‑up bay doors for vehicle, equipment, and delivery access
    • Fenced yard for outdoor storage, equipment staging, or fleet parking
    • Dedicated office area plus 1 bathroom for daily business use
    • Solid concrete block construction; metal roof; central heating and central air
    • Public water and public sewer; open parking; convenient Highway 199 access with yard and drive‑in bays

    Overview

    This industrial flex property features 7,185 SF of total leasable space split across two separate buildings. The main building is constructed with solid concrete block and provides wide open bays with multiple oversized roll-up bay doors for straightforward vehicle, equipment, and delivery access. A dedicated office area and one bathroom support everyday administrative and operational needs. The second building adds enclosed space suited for storage or additional workflow requirements. Outside, the property sits on a large, fenced lot designed for practical outdoor use, including equipment staging, storage, or fleet parking.

    Located along Highway 199 in Springtown, the site is positioned for high visibility and convenient access. The property also offers multiple drive-in bays and abundant on-site parking to support smooth arrivals and frequent deliveries.

    With flexible enclosed workspace plus meaningful outdoor capacity, this setup can fit a range of industrial users seeking easy load-in/load-out capability and space to run day-to-day operations. Businesses that need both functional warehouse areas and space for vehicles, materials, or equipment will likely find the layout well-suited for scaling needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens pharmacy Pharmacy Walgreens Pharmacy Brookshire's Grocery & Convenience Store Redbox Cinema Western Union Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.69142
    Latitude
    32.965033

    Nearby Similar for Lease

    • $5,413/Mo
      4,330 SF

      Highway Front Office and Service Building

      Former daycare building with multiple rooms, generous parking, and strong Highway 199 frontage on a visible retail corridor.
      936 E Highway 199, Springtown, TX 76082
      View Details
    • $2,000/Mo
      1,100 SF

      Professional Office Suite

      Well-appointed office suite with reception, kitchenette, and two restrooms, available starting June 2026.
      924 E Highway 199, Springtown, TX 76082
      View Details
    • $2,875/Mo
      1,721 SF

      Retail/Professional Space in Springtown

      Open floor plan suitable for retail or professional services.
      3001 E Hwy 199 #104, Springtown, TX 76082
      View Details
    • $4,500/Mo
      4,000 SF

      Climate-Controlled Warehouse with Flexible Leasing

      4,000 SF climate-controlled warehouse space available for lease.
      200 Land Of Goshen, Springtown, TX 76082
      View Details
    • $2,100/Mo

      Highway Frontage Commercial Leasing Opportunity

      Commercial units for lease on high-traffic Highway 199.
      4902 E Highway 199, Springtown, TX 76082
      View Details
    • $15 SF/Yr
      3,200 SF

      Springtown Warehouse Space Available

      3,200 SF warehouse space for lease in Springtown, Texas.
      1715 FM 51, Springtown, TX
      View Details
    • $20 SF/Yr
      2,000 SF

      Retail Space with Drive-Thru

      Multi-tenant retail building with drive-thru available for lease.
      1839 TX-199, Springtown, TX
      View Details
    • Contact for pricing
      8,721 SF

      Industrial Building with Storage Yard

      Industrial building featuring a storage yard and gated entry.
      3001 E Hwy 199, Springtown, TX
      View Details

    FAQs

    What type of property is this?
    Flex space - Two-building industrial lease offering roll-up access, dedicated office, and a fenced yard for storage or staging.
    Where is this flex space located?
    The property is located at 501 W Highway 199 Springtown, TX.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: 7,185 SF total leasable industrial space across two separate buildings; Multiple oversized roll‑up bay doors for vehicle, equipment, and delivery access; Fenced yard for outdoor storage, equipment staging, or fleet parking
    (817) 329-8850
    We can help!
    Listing Contact
    Paula Gallego
    Paula Gallego
    Real Estate License ID: 0578178
    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
    501 W Highway 199, Springtown, TX 76082
    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!