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    Lake Texoma Investment Opportunity Title is generated by Realmo AI

    75005 N State Hwy 289, Pottsboro, TX 75076

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    For Sale
    $3,236,550

    Versatile property near Lake Texoma with multiple income streams.

    Type:Commercial/Industrial
    Lot size:
    5.63 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 5 at 9:39 pm

    Property Features for 75005 N State Hwy 289

    General Information

    Standard status
    Active
    Lot size
    5.63 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Sara Jerome
    Sara Jerome

    Listing agent Sara Jerome License #0630971

    Listing office Vincent Realty Group

    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 Vincent Realty Group

    HighLights

    • Prime investment opportunity at the gateway to Lake Texoma with multiple income streams.
    • Remodeled 15‑room motel included.
    • Large 5+ acre property on Hwy 289 with development potential.
    • 20 large boat storage spaces and fenced 12‑stall tall boat storage.
    • Strategic location: close to Hard Rock development, Highport Marina, Frisco, Sherman/Denison, and Durant.
    • Existing infrastructure: ship store, boutique with bathrooms, commercial kitchen, 2‑bay shop and office, and three buildings ready for remodel.

    Overview

    This property presents multiple uses at the gateway to Lake Texoma. It features a 15-room motel with completely remodeled rooms, along with 20 large boat storage spaces located behind the hotel. Additionally, there is a ship store, a boutique, and a commercial kitchen behind the boutique. The ship store and boutique share three inside bathrooms and two outside bathrooms. The property also includes a log-sided liquor store and a BBQ restaurant currently leased on the north parcel. On the south parcel, three buildings are gutted and ready for remodel into offices or homes. An old 1900's caboose is situated on the front of the parcel, along with a fenced 12-stall tall boat storage and a large 2-bay shop and office on the back side of the south property. The property consists of approximately 5 acres and is located inside the city limits of Pottsboro, within 2 miles of the new Hard Rock development and 3 miles to Highport Marina. It is also located 30 minutes to Frisco down 289, 15 minutes to Sherman and the new IT corridor along FM 1417, 15 minutes to Denison, and 20 minutes to Durant. The property fronts highway 289.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Auto Repair Shop Skin Care Clinic Hotel & Motel Bar & Pub Furniture & Home Goods Car Rental Facility Wine and Liquor Store

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

    Similar Places Nearby

    • Fastrac Cruises — 300 Lighthouse Dr Suite C, Pottsboro, TX 75076

    Location Insight

    • Map
    • Local Demand
    City
    Pottsboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.6699
    Latitude
    33.858

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    FAQs

    What type of property is this?
    Motel - Versatile property near Lake Texoma with multiple income streams.
    Where is this motel located?
    The property is located at 75005 N State Hwy 289 Pottsboro, TX.
    What is the asking price?
    The asking price for this property is $3,236,550.
    What are key features of this property?
    This property features: Prime investment opportunity at the gateway to Lake Texoma with multiple income streams.; Remodeled 15‑room motel included.; Large 5+ acre property on Hwy 289 with development potential.
    (903) 870-8528
    We can help!
    Listing Contact
    Sara Jerome
    Sara Jerome
    Real Estate License ID: 0630971
    Learn More
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    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.

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