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    1950 South Loop Stephenville, TX 76401

    Sponsored
    For Sale
    $2,800,000

    High-income potential, 30,800 sq ft, 9.68 acres

    Property size:
    30,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 30,800-square-foot commercial property, situated on a generous 9.68-acre lot in Stephenville, Texas, presents a compelling investment opportunity. Currently operating as a thriving flea market, this income-producing asset boasts significant potential for expansion and diversification. Built in 1982, the property features a metal roof and ample parking, including both garage and open spaces. The zoning is industrial, allowing for a wide range of uses. Key features include city water and sewer connections, and a rail spur site at the rear, although currently inactive and requiring rehabilitation. The property also includes several outbuildings, both enclosed and open, offering additional storage or operational space. Benefiting from high visibility due to its US 377 highway frontage, the property offers endless possibilities for future development. The existing flea market setup provides a strong foundation for continued income generation, while the substantial lot size allows for significant expansion. A potential additional entry point off Caporal Avenue further enhances accessibility and flexibility. This property is offered at $2,800,000.

    Property Features for 1950 South Loop

    General Information

    Property type
    Individual retail properties
    Square Feet
    30,800 SF
    Lot Size
    421,661 SF

    Building Details

    Year Built
    1982

    HighLights

    • 30,800 square foot building.
    • 9.68‑acre lot.
    • Commercial property.
    • 1982 construction.
    • Metal roof.
    • Garage and open parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Taqueria la Morenita Mexican Restaurant Blue Flamingo Studio Boutique 377 Marketplace Antique Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.2220669
    Latitude
    32.20615

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    FAQs

    What type of property is this?
    Individual retail property - High-income potential, 30,800 sq ft, 9.68 acres
    Where is this individual retail property located?
    The property is located at 1950 South Loop Stephenville, TX.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 30,800 square foot building.; 9.68-acre lot.; Commercial property.
    Request Owner's contact information
    1950 South Loop Stephenville, TX 76401
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    Realmo Value Estimation

    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.

    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.

    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
    1950 South Loop Stephenville, TX 76401
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