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    Property profile & analytics

    547 Elm Cir Hooks, TX 75561

    • Warehouses
    • 22,150 SF
    For Lease
    View listing
    $3 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 547 Elm Cir

    Year built
    1942
    Property size
    22,150 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hooks
    County
    Bowie
    State
    Texas
    Longitude
    -94.2757
    Latitude
    33.4647

    Comparable in this City

    • Value Estimation by Request
      22,150 SF

      547 Elm Cir

      Flex space • 22,150 SF
      547 Elm Cir, Hooks, TX 75561
      View Details
    • Value Estimation by Request
      11,500 SF

      10 Cherry

      Distribution properties • 11,500 SF
      10 Cherry, Hooks, TX 75561
      View Details
    • Value Estimation
      $270,000
      0.06 Acres

      85 County Rd 2105

      INDUSTRIAL (GENERAL) • 0.06 Acres
      85 County Rd 2105, Hooks, TX 75561
      View Details
    • Value Estimation by Request

      301 Grant St

      INDUSTRIAL (GENERAL)
      301 Grant St, Hooks, TX 75561-5450
      View Details
    • Value Estimation
      $625,000
      22,909 SF

      290 Cr 1223

      INDUSTRIAL (GENERAL) • 22,909 SF
      290 Cr 1223, Hooks, TX 75561
      View Details
    • Value Estimation
      $610,000
      74,444 SF

      290 Cr 1223

      INDUSTRIAL (GENERAL) • 74,444 SF
      290 Cr 1223, Hooks, TX 75561
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Industrial Property in Hooks, Texas

      Industrial property for sale in Hooks, Texas.
      202 Avenue W, Hooks, TX 75561
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    • $199,000
      0.96 Acres

      Storage Complex in Hooks, TX

      Storage complex with 45 climate-controlled units on just under an acre.
      500 Avenue A W, Smith Hill, TX 75561
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    • Contact for pricing

      335 Acres Sub-dividable Rail-Served Land

      335 +/- acres of sub-dividable, rail-served industrial land.
      13490 W New Boston Rd, Hooks, TX 75561
      View Details
    • $3,000,000
      54.95 Acres

      Prime Land on I-30

      55 acres of land ready to be developed on I-30.
      Tbd Frontage I-30 Hwy, Hooks, TX 75561
      View Details
    • Contact for pricing
      33.54 Acres

      I-30 & Spur 74 Commercial Land

      Prime Texas acreage, ideal for development.
      I-30 & Spur 74, Hooks, TX 75561
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    • Contact for pricing

      37 Acres Commercial Land Available

      37 acres of commercial land with development potential.
      A Avenue E, Hooks, TX 75561
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      22,150 SF

      547 Elm Cir

      Distribution properties • 22,150 SF
      547 Elm Cir, Hooks, TX 75561
      View Details
    • $3 SF/Yr
      22,150 SF

      Texarkana Industrial Warehouse Space

      22,150 SF Warehouse, Flex Space Available
      547 Elm Cir, Hooks, TX 75561
      View Details
    • $1.50 SF/Yr
      11,500 SF

      Texarkana Warehouse - 11,500 SF

      Single-tenant industrial warehouse, ideal for lease or build-to-suit.
      10 Cherry, Hooks, TX 75561
      View Details
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    Hooks, TX 75561
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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
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