Lockhart Rd Stephenville, TX 76401
This exceptional 3.16-acre commercial property presents a unique investment opportunity in Stephenville, Texas. Strategically located approximately 500 feet south of Washington Street (U.S. Hwy 377), this land enjoys high visibility in a rapidly developing commercial area. Its prime location directly behind the Holiday Inn Express and adjacent to a new construction project ensures significant future growth potential. The property offers ample space for a wide range of commercial ventures, making it ideal for developers and businesses seeking expansion. Phase one environmental studies are complete, and a survey is available, streamlining the development process. While a portion of the land falls within a designated flood plain, this factor is reflected in the negotiable pricing structure. The asking price is $675,000, and serious offers are encouraged. This is a rare chance to acquire a substantial parcel in a thriving Texas town, poised for continued commercial expansion. Don't miss this chance to secure a piece of Stephenville's future. Contact us today to learn more and schedule a site visit.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.