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    Property profile & analytics

    2304 Hwy Coahoma, TX 79511

    • Retail properties
    • 2,655 SF
    • 3.78 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2304 Hwy

    Year built
    1945
    Lot size
    3.78 lot acres
    Property size
    2,655 SF
    Property type
    Retail properties

    Description

    This unique 3.78-acre property in Coahoma, Texas (79511), offers a compelling investment opportunity. The main structure is a 2,655 square foot retail space, built in 1945, featuring a single story and less than 20-foot ceilings. The property also includes a charming 3-bedroom, 2-bathroom country home with an updated kitchen and hardwood floors throughout. Outdoor amenities include a large backyard, an underground storm shelter, a greenhouse, and a storage shed. Two substantial shops enhance the property's versatility. A smaller 40x60 shop boasts a drive-on lift, two posts, and its own air conditioning unit. The larger 120x40 shop features two 12-foot roll-up doors and a chain hoist. Adding to the income potential is a 1-bedroom, 1-bathroom efficiency apartment located on the property. The construction is a mix of concrete, metal siding, and frame, supported by pillar/post/pier foundations. This one-of-a-kind property presents a rare blend of commercial and residential uses, situated on a sizable lot in Howard County, Texas. Asking price is $610,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coahoma
    County
    Howard
    State
    Texas
    Longitude
    -101.275
    Latitude
    32.4139

    Comparable in this City

    • Value Estimation by Request
      3,870 SF

      204 Broadway St

      Retail properties • 3,870 SF
      204 Broadway St, Coahoma, TX 79511
      View Details
    • Value Estimation
      $245,000
      0.28 Acres

      301 2nd St

      COMMERCIAL (GENERAL) • 0.28 Acres
      301 2nd St, Coahoma, TX 79511
      View Details
    • Value Estimation
      $245,000
      0.42 Acres

      Coahoma, TX 79511

      COMMERCIAL (GENERAL) • 0.42 Acres
      Coahoma, TX 79511
      View Details
    • Value Estimation
      $190,000
      11.32 Acres

      Coahoma, TX 79511

      INDUSTRIAL (GENERAL) • 11.32 Acres
      Coahoma, TX 79511
      View Details
    • Value Estimation
      $255,000
      1,211 SF

      208 2nd St

      COMMERCIAL (GENERAL) • 1,211 SF
      208 2nd St, Coahoma, TX 79511
      View Details
    • Value Estimation
      $260,000
      2,820 SF

      Coahoma, TX 79511

      COMMERCIAL (GENERAL) • 2,820 SF
      Coahoma, TX 79511
      View Details

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    2304 Hwy
    Coahoma, TX 79511
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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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