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    Commercial Land with Three-Side Road Frontage Title is generated by Realmo AI

    20.5 Acres S Broadway Street, Sulphur Springs, TX 75482

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    For Sale
    $825,000

    LAND - Sulphur Springs, TX

    Lot size:
    20.50 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    124
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for 20.5 Acres S Broadway Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed
    Standard status
    Active
    APN
    R000025854
    Lot size
    20.50 Acres

    Taxes and HOA fees

    Tax Description
    See agent

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kati Adair
    Kati Adair

    Listing agent Kati Adair License #0711094

    Listing office Janet Martin Realty Sulphur Springs, TX

    Listing date Feb 2, 2026

    MLS# 21049852 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 20.5 acres in city limits zoned Heavy Commercial
    • Road frontage on 3 sides including Highway 154 (Broadway St) on the east, Highway 11 (Wildcat Way) on the north, and Holiday Dr on the west
    • Utilities available: 18‑inch sewer line on the property and nearby 2‑inch and 8‑inch water lines; public water and public sewer
    • Highway traffic counts (TxDOT): 8,625 daily on Highway 154 and 9,268 daily on Highway 11
    • Billboard included with the property
    • Reported total income of $1,950 per month

    Overview

    This 20.5-acre commercial land parcel offers road frontage on three sides, providing multiple points of visibility and access for development planning. The property includes an 18-inch sewer line on site, along with access to nearby 2-inch and 8-inch water lines. A billboard is also included with the offering, adding an additional asset component alongside the underlying development opportunity.

    The acreage is inside the city limits and zoned Heavy Commercial. Per Texas Department of Transportation, daily traffic counts include 8,625 vehicles on Highway 154 (Broadway Street) and 9,268 on Highway 11 (Wildcat Way). The site fronts Highway 154 on the east side and Highway 11 from the north, with frontage on Holiday Drive from the west, placing it in an active retail and commercial corridor. The surrounding mix includes Tractor Supply and Lowe’s next door, with Walmart across the way, as well as a nearby shopping strip mall and other major commercial businesses.

    Given the Heavy Commercial zoning, multi-side frontage, and established utilities access, this tract may be well suited for commercial development that benefits from high-visibility exposure in a strong retail area. The included billboard can also support an investor’s cash-flow strategy while plans for the land are evaluated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sulphur Springs
    County
    Hopkins
    State
    Texas
    Longitude
    -95.596085
    Latitude
    33.121092

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    FAQs

    What type of property is this?
    Commercial land - 20.5 acres zoned Heavy Commercial inside city limits, with sewer and nearby water service plus a billboard included.
    Where is this commercial land located?
    The property is located at 20.5 Acres S Broadway Street Sulphur Springs, TX.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: 20.5 acres in city limits zoned Heavy Commercial; Road frontage on 3 sides including Highway 154 (Broadway St) on the east, Highway 11 (Wildcat Way) on the north, and Holiday Dr on the west; Utilities available: 18‑inch sewer line on the property and nearby 2‑inch and 8‑inch water lines; public water and public sewer
    (903) 885-1234
    We can help!
    Listing Contact
    Kati Adair
    Kati Adair
    Real Estate License ID: 0711094
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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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