Fenced Industrial Property with
Tim Donald, Justin, TX 76247
- Added:
- May 11, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 2 at 9:06 pm
Property Features for Tim Donald
General Information
- Property type
- Land
- Property subtype
- Other
- Vegetation
- Grassed
- Fencing
- Fenced
- Standard status
- Active
- APN
- R133562
- Lot size
- 5.00 Acres
Taxes and HOA fees
- Tax Description
- MEADOW RANCH ADDN BLK 1 LOT 1 ACRES 5.00
- Tax Annual Amount
- 4119
Utilities
- Water source
- Well
Building Details
- Additional Structures
- Barn(s)
Listing agent WAYLA LYLES License #0430589 (940) 484-9411
Listing office Keller Williams Realty Denton, TX (940) 484-9411
Listing date May 11, 2026
MLS# 21255053
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
- Two shops on one fully fenced property, including a 40x60 insulated shop with half bath, 11x12 storage, and 11x11 office
- Second shop is 48x100 with three roll‑up doors for equipment, trailers, or business use
- Includes covered storage: 16x60 lean‑to plus an additional lean‑to with horse stalls
- Fully fenced with a gated entry for added security and privacy
- Water source: well
Overview
This sale opportunity includes two separate shop buildings on fully fenced grounds with a gated entry. The first shop is 40x60 and fully insulated, with a half bath, an 11x12 storage room, and an 11x11 office space suited for on-site operations or a functional work area. Covered needs are supported by a 16x60 lean-to for additional storage. The second shop measures 48x100 and features three roll-up doors, creating convenient drive-in access for equipment, trailers, or business-related storage. An additional lean-to off to the side includes horse stalls, adding dedicated capacity for livestock.
Located in Dish, Texas (Denton County), the property spans 5 acres, providing room to run an operation, store assets, or accommodate animals, while maintaining controlled access through the gated entry.
This configuration can fit owner-operators seeking a combined workplace and storage setup, as well as buyers who want a small facility that can support both commercial activity and equestrian or livestock use. With multiple structures, covered storage, and roll-up door access, the site offers practical flexibility for a range of light industrial or agricultural-oriented uses.
Located in Dish, Texas (Denton County), the property spans 5 acres, providing room to run an operation, store assets, or accommodate animals, while maintaining controlled access through the gated entry.
This configuration can fit owner-operators seeking a combined workplace and storage setup, as well as buyers who want a small facility that can support both commercial activity and equestrian or livestock use. With multiple structures, covered storage, and roll-up door access, the site offers practical flexibility for a range of light industrial or agricultural-oriented uses.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $8.04 |
| − Vacancy | −$5.1k | −$0.71 |
| EGI | $52.8k | $7.33 |
| − OpEx | −$7.9k | −$1.10 |
| NOI | $44.9k | $6.23 |
7,200 SF · lease $8.04/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$641.1K
$560.9K – $747.9K
NOI $44,875 @ 7.0% cap · market cap 5.99%
Second Best
Industrial
$527.9K
$462.0K – $615.9K
NOI $36,956 @ 7.0% cap · market cap 4.93%
Theoretical Best
Multifamily LT 5
$100.69M
$88.10M – $117.47M
NOI $7,048,150 @ 7.0% cap · market cap 940.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Horse & equestrian properties
Map
- City
- Justin
- County
- Denton
- State
- Texas
- Longitude
- -97.300166
- Latitude
- 33.150235
Nearby Similar for Sale
FAQs
What type of property is this?
Horse & equestrian property - Two well-equipped, fenced shops with covered storage and horse stalls offer flexible space for business and livestock use.
Where is this horse & equestrian property located?
The property is located at Tim Donald Justin, TX.
What is the asking price?
The asking price for this property is $749,500.
What are key features of this property?
This property features: Two shops on one fully fenced property, including a 40x60 insulated shop with half bath, 11x12 storage, and 11x11 office; Second shop is 48x100 with three roll‑up doors for equipment, trailers, or business use; Includes covered storage: 16x60 lean‑to plus an additional lean‑to with horse stalls
