Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1444 4Th St Graham, TX 76450

    Sponsored
    For Sale
    $300,000

    11,600 sq ft, Vacant, High Potential

    Property size:
    11,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This unique 11,600-square-foot property in Graham, Texas, presents a compelling investment opportunity. Located on a 0.593-acre lot with 50 parking spaces (including 5 handicap-accessible spaces), this vacant building offers significant potential for redevelopment. Built in 1953, the single-story structure boasts a rich history as the Steer Bowl Bowling Alley, retaining original hardwood floors and twelve bowling lanes. The property features commercial-grade bathrooms and a kitchen, along with vinyl flooring in select areas. Its flexible layout allows for diverse uses, including flex space and office space. Situated just 1.6 miles east of downtown Graham, this property benefits from its proximity to the heart of Young County, offering easy access to shops, schools, entertainment, and essential services. The City of Graham is actively encouraging residential growth and offers incentives for construction and rezoning, making this a particularly attractive opportunity for developers seeking to meet the high demand for housing. The property is zoned commercial and is being offered for sale by owner at $300,000 ($25.86/sq ft). This is a rare chance to acquire a distinctive property with significant upside potential in a thriving Texas community. The ample parking and existing infrastructure provide a solid foundation for a variety of development projects.

    Property Features for 1444 4Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,600 SF
    Lot Size
    25,831 SF

    Building Details

    Year Built
    1953
    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Alexander Chapa
    Alexander Chapa

    Learn more

    Property Insight Report

    HighLights

    • 11,600 SF of functional flex space.
    • Suitable for office and other uses.
    • Move‑in ready condition.
    • Commercial‑grade restrooms and kitchen.
    • Hardwood and vinyl flooring.
    • 45 parking spaces, including 5 ADA‑compliant spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Graham
    County
    Young
    State
    Texas
    Longitude
    -98.569080960877
    Latitude
    33.107657755911

    Nearby Similar for Sale

    • $495,000
      1,822 SF

      20-Acre Country Retreat Ranchette

      Charming 20-acre property with a cozy home and functional structures.
      1368 Rosser Ranch Rd, Graham, TX 76450
      View Details
    • $1,050,000
      4,547 SF

      Ready Ranch with Hilltop Views

      36-acre ranch near Graham, TX, move-in ready with equestrian facilities.
      505 State Highway 67, Graham, TX 76450
      View Details
    • $744,000
      2,548 SF

      Equestrian Property with Modern Amenities

      Well-maintained home on 13.53 acres with equestrian facilities.
      1134 Us Highway 380 E, Graham, TX 76450
      View Details
    • $1,590,000
      219.00 Acres

      Turnkey Ranch in Young County

      Recreational property with newly constructed, fully furnished home and insulated shop.
      9877 Fm 209, Graham, TX 76450
      View Details
    • $6,996,000
      636.00 Acres

      Brazos River Ranch Paradise

      636-acre ranch with Brazos River frontage and hunting opportunities.
      Tbd Reevs Rd, Graham, TX 76450
      View Details
    • $1,250,000
      5,000 SF

      Established Restaurant on Main Highway

      Turn-key restaurant opportunity with high visibility and easy access.
      1111 State Highway 16 S, Graham, TX 76450
      View Details
    • $450,000
      0.34 Acres

      Commercial Office Complex in Graham, TX

      Commercial office complex with 14 offices in Graham, TX.
      620 4Th St, Graham, TX 76450
      View Details
    • New
      $450,000
      5,500 SF

      Historic Office Building in Graham

      Prime commercial office building near downtown Graham and Young County Courthouse.
      408 4Th St, Graham, TX 76450
      View Details
    • $1,599,000
      167.00 Acres

      170 Acre Ranch in Graham, TX

      Ranch property with barndominium, stock tanks, and diverse wildlife.
      1861 Fm 1974, Graham, TX 76450
      View Details
    • $569,000
      1.30 Acres

      Graham, TX Business Opportunity

      Oil lube and service station on 1.3 acres.
      164 Us Highway 380 W, Graham, TX 76450
      View Details
    • $1,950,000
      4,794 SF

      Texas Farmhouse Ranch with Acreage

      161-acre farmhouse ranch near Graham, TX, featuring a custom home.
      12824 Fm 1769, Graham, TX 76450
      View Details
    • $1,100,000
      87.00 Acres

      Updated Farmhouse on 87 Acres

      87-acre ranch with updated farmhouse near Graham and Olney.
      6172 Fm 1769, Graham, TX 76450
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 11,600 sq ft, Vacant, High Potential
    Where is this multifamily property located?
    The property is located at 1444 4Th St Graham, 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: 11,600 SF of functional flex space.; Suitable for office and other uses.; Move-in ready condition.
    Request Owner's contact information
    1444 4Th St Graham, TX 76450
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1444 4Th St
    Graham, TX 76450
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1444 4Th St Graham, TX 76450
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alexander Chapa
    Alexander Chapa
    Real Estate License ID: 804035
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.