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    13717 State Hwy Cresson, TX 76035
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    13717 State Hwy, Cresson, TX 76035

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    • Warehouses
    • 7,750 SF
    • 6.74 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 13717 State Hwy

    Lot size
    6.74 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Cresson, TX industrial property offers a unique blend of warehouse and office space, ideal for owner-users. The property encompasses 7,750 square feet, strategically divided into a 6,250-square-foot drive-through metal warehouse with integrated office space and a separate 1,500-square-foot freestanding office building. The warehouse boasts four drive-through bays, a forklift overhead door, and ample office space including a mezzanine level. The freestanding office building features a large open area and two private offices. Situated on a substantial 6.74-acre lot, the property includes approximately 3.75 acres of rock-stabilized area and a gravel driveway accessible from County Road 1000, with easement road access to Highway 171. Exterior lighting and a freestanding truck wash rack enhance the property's functionality. The location offers over 900 feet of frontage on State Highway 171, just one mile east of Highway 377, providing excellent visibility and accessibility. This property is conveniently located near rapidly growing residential areas of Godley and Granbury, and is approximately 15 miles southwest of Loop 820 in Fort Worth. Nearby businesses include Texas Lumber, Jag Metals, Targa Resources, and Motorsport Ranch. The asking price is $800,000, translating to $103.23 per square foot. The property is unzoned within the Cresson ETJ, outside city limits. This presents a compelling opportunity for businesses seeking a versatile and strategically located industrial facility in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cresson
    County
    Johnson
    State
    Texas
    Longitude
    -97.6059
    Latitude
    32.5217

    Comparable in this City

    • Value Estimation by Request
      2,760 SF

      13300 Cleburne Hwy

      MINI-WAREHOUSE, STORAGE
      13300 Cleburne Hwy, Cresson, TX 76035-3132
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    • Value Estimation
      $1,340,000
      40,830 SF

      8380 Ih 20

      MINI-WAREHOUSE, STORAGE
      8380 Ih 20, Cresson, TX 76035-3203
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    • Value Estimation by Request
      10,000 SF

      12500 Cleburne Hwy

      MINI-WAREHOUSE, STORAGE
      12500 Cleburne Hwy, Cresson, TX 76035-3122
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    • Value Estimation by Request
      6,200 SF

      8420 Ih 20

      MINI-WAREHOUSE, STORAGE
      8420 Ih 20, Cresson, TX 76035-3204
      View Details
    • Value Estimation
      $650,000
      15,152 SF

      18450 Hwy 377th S

      MINI-WAREHOUSE, STORAGE
      18450 Hwy 377th S, Cresson, TX 76035-5658
      View Details
    • Value Estimation
      $2,595,000
      123,846 SF

      14200 Cleburne Hwy

      MINI-WAREHOUSE, STORAGE
      14200 Cleburne Hwy, Cresson, TX 76035-3136
      View Details

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    • $998,000
      66.77 Acres

      Expansive Land Parcel in Cresson

      66.7 acre parcel ideal for development or investment.
      Tbd 0 Hwy 171, Cresson, TX 76035
      View Details
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    Cresson, TX 76035
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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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