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    16369 Us Highway 82 Petty, TX 75470
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    16369 Us Highway 82 Petty, TX 75470

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    • Industrial properties
    • 24,000 SF
    • 9.35 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 16369 Us Highway 82

    Year built
    2000
    Lot size
    9.35 lot acres
    Property size
    24,000 SF
    Property type
    Industrial properties

    Description

    This exceptional industrial property, located at 16369 US Highway 82 in Petty, Texas, offers 24,000 square feet of versatile warehouse space situated on a generous 9.35-acre lot. Boasting approximately 800 feet of frontage along US Highway 82, this property benefits from high traffic counts and exceptional visibility, making it ideal for a variety of commercial uses. The warehouse features a 20-foot clear height, providing ample room for storage and operations. Access is convenient with two 16' x 18' roll-up doors at the front and two sliding doors at the rear. The electrical service is robust, with a 300-amp, 120-240v system. The building comprises 18,000 square feet of enclosed space and an additional 6,000 square feet of covered area in the rear, offering flexibility for various needs. Ample parking is available on-site. The property's location offers convenient proximity to both Bois d'Arc Lake and Lake Ralph Hall. Currently occupied by a tenant, the property will be available on September 1st, 2024. A survey is available for review. This is a prime opportunity to acquire a well-located, spacious industrial property with significant highway frontage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Petty
    County
    Lamar
    State
    Texas
    Longitude
    -95.7917
    Latitude
    33.6146

    Comparable in this City

    • Value Estimation
      $565,000
      30,264 SF

      17177 Us Hwy 82nd W

      INDUSTRIAL (GENERAL) • 30,264 SF
      17177 Us Hwy 82nd W, Petty, TX 75470-2914
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    • Value Estimation by Request
      24,000 SF

      16369 Us Highway 82

      Distribution properties • 24,000 SF
      16369 Us Highway 82, Petty, TX 75470
      View Details
    • Value Estimation by Request
      1.65 Acres

      Petty, TX 75470

      COMMERCIAL (GENERAL) • 1.65 Acres
      Petty, TX 75470
      View Details
    • Value Estimation
      $540,000
      6,040 SF

      14011 Us Hwy 82nd W

      COMMERCIAL (GENERAL) • 6,040 SF
      14011 Us Hwy 82nd W, Petty, TX 75470-2924
      View Details
    • Value Estimation by Request
      40.00 Acres

      00 Fm 824

      Farms • 40.00 Acres
      00 Fm 824, Roxton, TX 75470
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    • Value Estimation by Request
      3,159 SF

      985 County Rd 25780th, Unit 1509

      COMMERCIAL (GENERAL) • 3,159 SF
      985 County Rd 25780th, Petty, TX 75470-3117
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      Warehouse on Highway 82 Frontage

      24,000 SF warehouse with highway frontage on 9.35 acres.
      16369 Us Highway 82, Petty, TX 75470
      View Details
    • $895,000

      Warehouse on Highway 82 Frontage

      24,000 SF warehouse on 9.35 acres with highway frontage.
      16369 Us Highway 82, Petty, TX 75470
      View Details
    • Contact for pricing

      Warehouse on Highway 82 Frontage

      24,000 SF warehouse on 9.35 acres with highway frontage.
      16369 Us Highway 82, Petty, TX 75470
      View Details
    • $795,000
      6,000 SF

      Modern Retail/Office Space on Highway

      6,000 sq ft retail/office space built in 2021.
      14011 Us Highway 82 W, Petty, TX 75470
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    • $428,608
      53.58 Acres

      53 Acres of Farmland

      53-acre tract in Lamar County with fertile soil.
      0001 County Rd 26850, Petty, TX 75470
      View Details
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    Petty, TX 75470
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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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