Automotive Property with Highway
For Sale
$1,299,000
59 Shawnee Trail, Whitesboro, TX 76273
CommercialSale, Whitesboro, TX
Property Size9,580 SF
Lot Size4.08 Acres
Price / SF$135.59
Days on Market92
Property Features for 59 Shawnee Trail
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial / Unrestricted
Parking features
Carport, Driveway
Subdivision
David Blaylock
Lot features
Acreage, Back Yard, Lawn, Level
Directions
USE GPS. (59 Shawnee Trail, Whitesboro, TX) Straight North on Hwy. 377 coming from Denton I-35 Interstate take the Gainesville & Sherman exit hwy. 82 going towards Sherman. Property is on Hwy. 377 in Whitesboro, half mile north of the Sonic-Drive-In.
Standard status
Active
APN
452468
Size
9,580 SF
Lot size
4.08 Acres
Taxes and HOA fees
Tax Description
David Blaylock Addn, Blk 1, Lot2, IMPS ONLY, MH LA
Legal Description
David Blaylock Addn, Blk 1, Lot2, IMPS ONLY, MH LA
Utilities
Utilities
Propane
Sewer type
Public Sewer, Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
2020
Floors in Building
1
Number of units
4
Flooring type
Tile, Concrete
Building materials
MetalSiding, Concrete
Roof type
Composition, Metal
Listing Agency:
RE/MAX FIRST REALTY · RE/MAX International
(940) 665-0376
Listed By:
Virginia Capps · License #0724351
(940) 736-8061
Added: May 27
Changed: Aug 21
Last Checked: Aug 26 at 1:06PM
MLS# 21254425
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 4.08-acre automotive property includes 9,580 square feet of improvements, with numerous buildings, sheds, a shop, garage, and residential structure. Constructed in 2020, the property includes metal siding and concrete construction, tile and concrete flooring, central heating and cooling, carport and driveway parking, public water, propane, and composition and metal roofing. The mix of structures provides space for automotive operations, equipment, storage, parking, or additional commercial activity.
The property is located at 59 Shawnee Trail in Whitesboro, along Hwy 377 and approximately half a mile from Hwy 82. Reported traffic volume is 12,716 AADT, with access to the Hwy 82 and Hwy 377 interchange. The surrounding corridor includes towing, diesel, automotive, service-based, and industrial operations, while nearby semi-truck traffic and rock crushers support consideration for diesel, heavy-equipment, or fleet-service uses.
The property is located at 59 Shawnee Trail in Whitesboro, along Hwy 377 and approximately half a mile from Hwy 82. Reported traffic volume is 12,716 AADT, with access to the Hwy 82 and Hwy 377 interchange. The surrounding corridor includes towing, diesel, automotive, service-based, and industrial operations, while nearby semi-truck traffic and rock crushers support consideration for diesel, heavy-equipment, or fleet-service uses.
Key Highlights
- 4.08‑acre automotive property with frontage on Hwy 377
- 9,580 square feet of improvements across numerous buildings, sheds, shop, garage, and home
- 12,716 AADT reported on the Hwy 377 corridor
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
$49,906
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
3.84%
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%
$998,120
$998.1K
Cap Rate 7%
$712,943
$712.9K
Cap Rate 9%
$554,511
$554.5K
Market Conditions
NOI Build-Up for 9,580 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
$78.2K $8.16/SF
− Vacancy
−$6.9K −$0.72/SF
EGI
$71.3K $7.44/SF
− OpEx
−$21.4K −$2.23/SF
NOI
$49.9K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
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%
$998,120
Cap Rate 7%
$712,943
Cap Rate 9%
$554,511
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $159,013 @ 7.0% cap · market cap 12.24%
Second Best
Industrial
$712.9K
$623.8K – $831.8K
NOI $49,906 @ 7.0% cap · market cap 3.84%
Theoretical Best
Hotel Hospitality
$4.91M
$4.30M – $5.73M
NOI $344,018 @ 7.0% cap · market cap 26.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12,716 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Golden Chick
Dining
6,610 visits/mo
0.5 miles
Demographics for 76273, TX
9,857
Population
4,182
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
206.9 sq mi
ZIP Area
48
Density / Sq Mi
$80,244
Median Household Income
$41,441
Median Earnings
$1,171
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Automotive property - Multiple buildings, shop areas, and a residential structure support automotive operations, storage, parking, or owner use.
Where is this automotive property located?
The property is located at 59 Shawnee Trail Whitesboro, TX.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 4.08‑acre automotive property with frontage on Hwy 377; 9,580 square feet of improvements across numerous buildings, sheds, shop, garage, and home; 12,716 AADT reported on the Hwy 377 corridor
