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    Hwy 110 Whitehouse, TX 75791

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    Hwy 110 Whitehouse, TX 75791

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    • Retail properties & Spaces
    • 13.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Hwy 110

    Lot size
    13.88 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 13.878-acre commercial land parcel presents a remarkable development opportunity in Whitehouse, Texas. Located on Highway 110 North, just south of Jim Russell Road (County Road 2167), this property boasts unparalleled visibility on a four-lane highway with approximately 16,000 vehicles passing daily (based on 2015 traffic counts). Its ideal location offers significant potential for various commercial uses, including the previously permitted auto shop designation. The expansive lot size allows for substantial development flexibility, catering to a range of projects. The property's zoning is currently listed as N/A, however, interested parties should conduct their own due diligence to determine the suitability for their intended use. The City of Whitehouse may offer tax incentives, providing an additional advantage for prospective developers. The property's address is Highway 110 North, Whitehouse, TX 75791, and its APN is 1-00000-0858-00-003021. This prime location and substantial acreage make this an exceptional investment opportunity for discerning buyers seeking high-visibility commercial development in a growing Texas market. The asking price for this significant property is $725,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Whitehouse
    County
    Smith
    State
    Texas
    Longitude
    -95.2262
    Latitude
    32.2267

    Comparable in this City

    • Value Estimation by Request
      2,296 SF

      610 State Hwy 110th N

      AUTO REPAIR, GARAGE • 2,296 SF
      610 State Hwy 110th N, Whitehouse, TX 75791-3052
      View Details
    • Value Estimation by Request
      4,950 SF

      State Hwy 110th N At Hearon St

      AUTO REPAIR, GARAGE • 4,950 SF
      State Hwy 110th N At Hearon St, Whitehouse, TX 75791
      View Details
    • Value Estimation by Request
      5,085 SF

      902 State Hwy 110th S

      AUTO REPAIR, GARAGE • 5,085 SF
      902 State Hwy 110th S, Whitehouse, TX 75791-3767
      View Details
    • Value Estimation by Request
      2,275 SF

      202 State Hwy 110th N

      AUTO REPAIR, GARAGE • 2,275 SF
      202 State Hwy 110th N, Whitehouse, TX 75791-3114
      View Details
    • Value Estimation by Request
      1,180 SF

      204 State Hwy 110th S

      AUTO REPAIR, GARAGE • 1,180 SF
      204 State Hwy 110th S, Whitehouse, TX 75791-3513
      View Details
    • Value Estimation by Request
      3,000 SF

      103 County Rd 2138

      AUTO REPAIR, GARAGE • 3,000 SF
      103 County Rd 2138, Whitehouse, TX 75791
      View Details

    Similar Nearby for Sale

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      15 Acres Investment Opportunity

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      Whitehouse Car Wash - Turnkey Opportunity

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      Land For Sale Whitehouse

      Land available for sale in Whitehouse, Texas.
      State Highway 110 S, Whitehouse, TX 75791
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    • $1,329,500
      53.18 Acres

      53 Acres in Whitehouse, TX

      53-acre land parcel in Whitehouse, TX, for development or estate.
      Back 40, Whitehouse, TX 75791
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    • $599,000

      Land Available in Whitehouse, TX

      Land for sale on Highway 110 in Whitehouse, Texas.
      State Highway 110, Whitehouse, TX 75791
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    • Contact for pricing

      Land Available on State Highway

      Land for sale at 905 State Highway 110 N.
      905 State Highway 110 N, Whitehouse, TX 75791
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    Similar Nearby for Lease

    • $1,500 /Mo
      1,600 SF

      Retail Space on High-Traffic Road

      1,600 SF retail space with high visibility in Whitehouse.
      1208 State Highway 110 n, Whitehouse, TX 75791
      View Details
    • $350 /Mo
      300 SF

      Office Unit in Whitehouse, TX

      Single office unit in Hillside Business Park for rent.
      15632 State Highway 110 S, Whitehouse, TX 75791
      View Details
    • Contact for pricing
      2,100 SF

      Warehouse Space in Whitehouse, TX

      Warehouse space for lease with dock high and grade door.
      308 State Highway 110 N, Whitehouse, TX 75791
      View Details
    • $1,000 /Mo
      2,100 SF

      Warehouse Space in Whitehouse, TX

      Warehouse space for lease near E Main and Hwy 110 N.
      308 State Highway 110 N, Whitehouse, TX 75791
      View Details
    • $1,000 /Mo
      24,045 SF

      Warehouse Space in Whitehouse, TX

      Warehouse space for lease with dock high and grade-level doors.
      308 State Highway 110 N, Whitehouse, TX 75791
      View Details
    • Contact for pricing
      4,300 SF

      Hillside Business Park Office Suites

      Office suites available in Hillside Business Park with flexible options.
      15632 State Highway 110 S, Whitehouse, TX 75791
      View Details
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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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