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    2618 Main St Gun Barrel City, TX 75156

    Sponsored
    For Sale
    $775,000

    Turnkey Retail & Warehouse, High Visibility

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional Gun Barrel City property offers a 3,200 sq ft, single-story, Class A storefront and warehouse building on 1.16 acres. Located on W Main St, it boasts high visibility with over 19,000 vehicles passing daily, and is just one mile from Walmart and less than half a mile from Cedar Creek Reservoir. The property includes an established business, complete with inventory and equipment (minor exclusions), offering a turnkey investment opportunity. The versatile zoning allows for both commercial and residential uses. Three lots facing W Main St are commercially zoned, while four lots on Loon Bay Dr are residentially zoned. Built in 1980, this vacant property is priced at $775,000 ($276.56/sq ft) and presents a unique opportunity for entrepreneurs or investors seeking a prime location near a popular recreational area. The included business is the exclusive provider of select marine sporting equipment in Gun Barrel City, capitalizing on the area's boating and outdoor recreation. The property's combination of high visibility, convenient location, and established business makes it an attractive investment. The sale includes all inventory and equipment, with only a few select items excluded. This is a rare opportunity to acquire a well-established business with significant growth potential in a desirable location.

    Property Features for 2618 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,200 SF
    Class
    A
    Lot Size
    50,617 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Jarrod Ver Hey
    Jarrod Ver Hey

    Learn more

    Property Insight Report

    HighLights

    • High‑visibility location on W Main St, averaging over 19,000 vehicles daily, one mile from Walmart.
    • 1.16‑acre lot with seven lots; three commercially zoned lots on W Main St, four residentially zoned lots on Loon Bay Dr.
    • Turnkey sale includes established Jerry's Fiberglass & Marine business, inventory, and equipment (minor exclusions).
    • Exclusive provider of select marine sporting equipment in Gun Barrel City.
    • Prime location near Cedar Creek Reservoir, ideal for marine‑related businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jerry's Fiberglass & Marine Boat Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gun Barrel City
    County
    Henderson
    State
    Texas
    Longitude
    -96.15462244
    Latitude
    32.33105717

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    FAQs

    What type of property is this?
    Individual retail property - Turnkey Retail & Warehouse, High Visibility
    Where is this individual retail property located?
    The property is located at 2618 Main St Gun Barrel City, TX.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: High-visibility location on W Main St, averaging over 19,000 vehicles daily, one mile from Walmart.; 1.16-acre lot with seven lots; three commercially zoned lots on W Main St, four residentially zoned lots on Loon Bay Dr.; Turnkey sale includes established Jerry's Fiberglass & Marine business, inventory, and equipment (minor exclusions).
    Request Owner's contact information
    2618 Main St Gun Barrel City, TX 75156
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    Gun Barrel City, TX 75156
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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.

    More about this property
    2618 Main St Gun Barrel City, TX 75156
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    We can help!
    Listing Contact
    Jarrod Ver Hey
    Jarrod Ver Hey
    Real Estate License ID: TX-785641
    Learn more
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