Highway-Fronted Commercial
For Sale
$300,000
6445 W Highway 199, Springtown, TX 76082
Highway-accessible acreage includes three residences, a substantial shop, a private well, and two septic systems.
Property Size832 SF
Price / SF$360.58
Days on Market53
Property Features for 6445 W Highway 199
General Information
Standard status
Active
Size
832 SF
Listing Agency:
The Bryants Co, Springtown
Listed By:
Dana Bryant · License #0460942
(682) 990-6856
Source:
Christenberrygroup
Added: Aug 16
Changed: Oct 5
Last Checked: Oct 5 at 10:15PM
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 The Bryants Co, Springtown
Investment Insights
Based on property information with market context.
This approximately 2.5-acre commercial land tract includes three residences and a large shop, creating a mixed property configuration with existing improvements. Water service is provided by a well, and two septic systems are located on the property.
The site fronts Highway 199 at 6445 W Hwy 199 in Springtown, with nearby schools, shopping, and dining. The property is identified as being approximately 30–40 minutes from the Metroplex.
The site fronts Highway 199 at 6445 W Hwy 199 in Springtown, with nearby schools, shopping, and dining. The property is identified as being approximately 30–40 minutes from the Metroplex.
Key Highlights
- Approximately 2.5 acres with Highway 199 frontage
- Three residences and a large shop on the property
- Private well serves the site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,651
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,020
$253.0K
Cap Rate 7%
$180,729
$180.7K
Cap Rate 9%
$140,567
$140.6K
Market Conditions
NOI Build-Up for 832 SF
Gross rent
$25.8K $30.96/SF
− Vacancy
−$2.8K −$3.31/SF
EGI
$23.0K $27.65/SF
− OpEx
−$10.4K −$12.44/SF
NOI
$12.7K $15.21/SF
Area
Parker County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,020
Cap Rate 7%
$180,729
Cap Rate 9%
$140,567
Alternative Uses
Best Use
Apartment 5plus
$180.7K
$158.1K – $210.9K
NOI $12,651 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$826.7K
$723.4K – $964.5K
NOI $57,871 @ 7.0% cap · market cap 19.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9
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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Frequently Asked Questions
What type of property is this?
Commercial land - Highway-accessible acreage includes three residences, a substantial shop, a private well, and two septic systems.
Where is this commercial land located?
The property is located at 6445 W Highway 199 Springtown, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Approximately 2.5 acres with Highway 199 frontage; Three residences and a large shop on the property; Private well serves the site
