Building Details

Year Built 2023

Buildings 1

Listing Agency: Real Broker, LLC

Listed By: Phil Green · License #0648162 Show Phone

Source: Minteerteam

Added: Sep 6 Changed: Oct 22 Last Checked: Oct 21 at 2:14AM

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Investment Insights

Based on property information with market context.

This truck stop property includes a gravel-prepared parking area, controlled gated entry, and an 80-by-50-foot shop constructed in 2023. The shop can support office, living-quarter, or operational functions, while a water main is located at the street. Current use includes parking for approximately 40 trucks. The property also contains open rear acreage and a small pond, providing additional outdoor space for storage or other on-site uses.

Located at 801 S FM 157 in Venus, Texas, the site measures approximately 283 feet by 1,308 feet. The front two acres are prepared for truck parking, and the rear 5.9 acres remain open. The property is not in a flood zone.

Key Highlights

• Approximately 283 feet by 1,308 feet at 801 S FM 157, Venus, TX
• Front two acres prepared with compressed gravel for truck parking
• 80‑by‑50‑foot shop constructed in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,394

Cap Rate

4.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,327,880 $1.3M

Cap Rate 7%

$948,486 $948.5K

Cap Rate 9%

$737,711 $737.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$99.8K $24.96/SF

− Vacancy

−$5.0K −$1.25/SF

EGI

$94.8K $23.71/SF

− OpEx

−$28.5K −$7.11/SF

NOI

$66.4K $16.60/SF

Area

Johnson County, TX

Vacancy

5.00%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,327,880

Cap Rate 7%

$948,486

Cap Rate 9%

$737,711

Alternative Uses

Best Use

Retail

$948.5K

$829.9K – $1.11M (±1% cap)

NOI $66,394 @ 7.0% cap · market cap 4.43%

Second Best

Industrial

$295.2K

$258.3K – $344.5K (±1% cap)

NOI $20,667 @ 7.0% cap · market cap 1.38%

Theoretical Best

Multifamily LT 5

$47.95M

$41.95M – $55.94M (±1% cap)

NOI $3,356,262 @ 7.0% cap · market cap 223.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Truck stops

Suggested Use

Top Pick Dental Office Building Supply Big Box & Wholesale Store HVAC Service Hair Salon Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

48

Businesses Nearby

Explore this area Business Placement

Demographics for 76084, TX

11,979

Population

4,011

Households

3

Avg Household Size

34

Median Age

22%

College-Educated

88%

High-School Grad

51.8 sq mi

ZIP Area

231

Density / Sq Mi

$100,174

Median Household Income

$47,845

Median Earnings

$1,982

Median Rent

$248,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Truck stop - Commercial truck parking property with gated access, gravel surfacing, a service shop, open land, and a pond.

Where is this truck stop located?

The property is located at 801 S Fm157 Venus, TX.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Approximately 283 feet by 1,308 feet at 801 S FM 157, Venus, TX; Front two acres prepared with compressed gravel for truck parking; 80‑by‑50‑foot shop constructed in 2023