Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11015 Interstate Hwy Brashear, TX 75433
    Back to Search
    Property profile & analytics

    11015 Interstate Hwy Brashear, TX 75433

    View on Map
    • Apartment buildings
    • 3,644 SF
    • 1.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 11015 Interstate Hwy

    Year built
    1997
    Lot size
    1.40 lot acres
    Property size
    3,644 SF
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents a six-unit apartment complex ideally situated on a 1.4-acre lot in Cumby, Texas, near Interstate Highway 30. Built in 1997, the property boasts 3,644 square feet of living space, offering a compelling 6.24% cap rate at an asking price of $750,000 ($246.98 per square foot). The complex comprises two buildings and includes twelve parking spaces. Each of the six units underwent a complete remodel less than a year ago, ensuring current tenants enjoy modern amenities and warranties on recent improvements. All units are currently occupied, generating consistent rental income. Further enhancing the property's income potential is an on-site laundry facility equipped with coin-operated machines. The property's location on a major highway provides excellent visibility and accessibility, while the expansive lot offers significant potential for future expansion, accommodating additional residential units, or even industrial or retail development. The property's location is on the E Hwy 30 Service Road between FM 275 and FM 275 S. This multifamily investment presents a rare blend of immediate income generation and substantial long-term growth potential in a rapidly developing area. The property is located approximately one hour northeast of Dallas. The legal description includes APN R000015108. The lease type is Net.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brashear
    County
    Hopkins
    State
    Texas
    Longitude
    -95.7932
    Latitude
    33.1468

    Comparable in this City

    • Value Estimation by Request
      4,608 SF

      204 Main St

      COMMERCIAL (GENERAL) • 4,608 SF
      204 Main St, Cumby, TX 75433
      View Details
    • Value Estimation by Request
      1,975 SF

      122 Main St

      COMMERCIAL (GENERAL) • 1,975 SF
      122 Main St, Cumby, TX 75433-4519
      View Details
    • Value Estimation by Request
      105.32 Acres

      310 Co Rd

      Farms • 105.32 Acres
      310 Co Rd, Cumby, TX 75433
      View Details
    • Value Estimation by Request
      11,944 SF

      14643 Farm Rd 1567th W

      COMMERCIAL (GENERAL) • 11,944 SF
      14643 Farm Rd 1567th W, Cumby, TX 75433-6934
      View Details
    • Value Estimation by Request
      3,536 SF

      30 Farm Rd 275th S

      COMMERCIAL (GENERAL) • 3,536 SF
      30 Farm Rd 275th S, Cumby, TX 75433-5205
      View Details
    • Value Estimation
      $715,000
      7,890 SF

      107 Interstate 30th Service Rd

      COMMERCIAL (GENERAL) • 7,890 SF
      107 Interstate 30th Service Rd, Cumby, TX 75433-2910
      View Details

    Similar Nearby for Sale

    • $525,000
      1,728 SF

      Multi-Use Commercial Property on I-30

      Commercial property with salon, apartment, and redevelopment potential on 2 acres.
      8050 W Interstate Highway 30, Cumby, TX 75433
      View Details
    • Contact for pricing
      1,524 SF

      Historic East Texas Bank Building

      Live-work space with rich urban vibe in Cumby, Texas.
      201 W Main St, Cumby, TX 75433
      View Details
    • $1,095,000
      106.96 Acres

      106+ Acre Income-Producing Ranch

      Versatile ranch property near I-30, one hour from Dallas.
      1203 County Road 4132, Cumby, TX 75433
      View Details
    • Contact for pricing

      33.187 Acres in Cumby, TX

      33.187-acre tract outside Cumby, TX with 1,501 feet frontage.
      3499 County Road 4120, Cumby, TX 75433
      View Details
    • $1,487,500
      175.00 Acres

      Secluded Ranch Retreat with New Pond

      175-acre ranch with new pond, fencing, and utilities in place.
      Tbd Cr 1148, Cumby, TX 75433
      View Details
    • $775,000
      4,350 SF

      Spacious Farmhouse on 14 Acres

      Custom 5-bedroom home on 14 acres near EastTexas A&M.
      347 County Road 4736, Cumby, TX 75433
      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.
    11015 Interstate Hwy
    Brashear, TX 75433
    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
    11015 Interstate Hwy, Brashear, TX, 75433
    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!