Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1790 Co Rd Gainesville, TX 76240
    Property profile & analytics

    1790 Co Rd, Gainesville, TX 76240

    View on Map
    • Land
    • 12.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1790 Co Rd

    Lot size
    12.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 12-acre property presents a unique investment opportunity in Gainesville, Texas. Located conveniently just outside city limits, this land boasts unrestricted zoning, eliminating the constraints of city ordinances and opening a world of possibilities for development. The expansive lot, identified by APN Cooke 159728, offers ample space for a diverse range of commercial, industrial, or even residential ventures. Its strategic location in Cooke County, with the address 1790 Co Rd 123, and zip code 76240, provides easy access to Gainesville's amenities while enjoying the freedom of outside-city-limits development. The asking price is $475,000. This property is particularly well-suited for projects such as climate-controlled self-storage facilities, warehouse operations, or businesses seeking relocation or expansion. The absence of zoning restrictions allows for creative and adaptable development plans, making this a truly exceptional opportunity for investors and entrepreneurs seeking a flexible and strategically located land parcel. The property is currently offered for sale by owner. Don't miss this chance to acquire this prime 12-acre tract in a thriving Texas community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Cooke
    State
    Texas
    Longitude
    -97.0668
    Latitude
    33.6451

    Comparable in this City

    • Value Estimation by Request
      16.65 Acres

      2786 Fm 1201

      Land
      2786 Fm 1201, Gainesville, TX 76240
      View Details
    • Value Estimation by Request
      30.51 Acres

      Justice Ctr Rd

      Land
      0 Justice Ctr Rd, Gainesville, TX 76240
      View Details
    • Value Estimation by Request

      1924 Grand Ave

      Land
      1924 Grand Ave, Gainesville, TX 76240
      View Details
    • Value Estimation by Request
      16.65 Acres

      Fm 1201

      Farms
      0 Fm 1201, Gainesville, TX 76240
      View Details
    • Value Estimation by Request
      0.66 Acres

      60 Baugh Dr

      Land
      60 Baugh Dr, Gainesville, TX 76240
      View Details
    • Value Estimation by Request
      14.21 Acres

      2027 I-35 Frontage Rd

      Farms
      2027 I-35 Frontage Rd, Gainesville, TX 76240
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Gainesville Land For Sale

      Land available in Gainesville, Texas.
      3291 Fm 372, Gainesville, TX 76240
      View Details
    • $775,440
      Pending

      Land For Sale

      Land available between Whitesboro and Gainesville, Texas.
      675 County Road 155, Gainesville, TX 76240
      View Details
    • $227,500
      Pending

      Land Available in Cooke County

      Land for sale located in Gainesville, Texas.
      0000 Fm 1630, Gainesville, TX 76240
      View Details
    • $344,250

      Gainesville Land For Sale

      Land available in Cooke County, near CR 218.
      1928 County Road 218, Gainesville, TX 76240
      View Details
    • Contact for pricing
      Pending

      Gainesville, TX Land For Sale

      Unimproved land available in Gainesville, Texas.
      1822 Vallana Dr, Gainesville, TX 76240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,500 SF

      Gainesville Land Available For Lease

      24.56 acres of land available for lease in Gainesville.
      1405 Us Highway 82, Gainesville, TX 76240
      View Details
    • Contact for pricing
      1,800 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with excellent visibility and flexible options.
      1460 County Road 182, Gainesville, TX 76240
      View Details
    • $375 /Mo
      85,378 SF

      Medium-Sized Warehouse Storage Space

      Flexible warehouse space in central Gainesville, suited for appliance or merchandise storage and resale operations.
      517 E Broadway St, Gainesville, TX 76240
      View Details
    • $650 /Mo
      85,378 SF

      Versatile Warehouse and Storage Space

      A 2,500 SF warehouse structure suited for storage or select business uses, subject to city zoning verification.
      517 E Broadway St, Gainesville, TX 76240
      View Details
    • $6,200 /Mo
      69,260 SF

      New Flex Building with Warehouse

      Freestanding new-construction flex space with office amenities and multiple grade-level doors for convenient warehouse operations.
      1704 Westaire Dr, Gainesville, TX 76240
      View Details
    • Contact for pricing
      2,500 SF

      Gainesville Warehouse/Retail Space For Rent

      2,500 SF structure near downtown Gainesville available for rent.
      517 E Broadway St, Gainesville, TX 76240
      View Details
    Request Owner's contact information
    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.
    1790 Co Rd
    Gainesville, TX 76240
    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
    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

    Thank You for Inquiry
    1790 Co Rd, Gainesville, TX, 76240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!