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    802 Highway 110 N Whitehouse, TX 75791

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    802 Highway 110 N Whitehouse, TX 75791

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    • Retail properties & Spaces
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 802 Highway 110 N

    Property type
    Retail properties & Spaces
    Property subtype
    Investment properties

    Description

    This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in Whitehouse, Texas. The lease calls for zero landlord obligations with 7.5% rental increases every 5 years and three, 5 year options to renew. The site benefits being located along Texas Highway 110 with exposure to 17.000 vehicles per day and 0.4 miles from Whitehouse Town Center Shopping Mall. Location Description Whitehouse is a city in Smith County, Texas, United States. The population was 7,660 in the 20

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Whitehouse
    County
    State
    Texas
    Longitude
    -95.2257
    Latitude
    32.2183

    Comparable in this City

    • Value Estimation by Request
      2,546 SF

      802 Tx-110

      Individual retail properties • 2,546 SF
      802 Tx-110, Whitehouse, TX 75791
      View Details
    • Value Estimation by Request
      4,168 SF

      600 Tx-110

      Individual retail properties • 4,168 SF
      600 Tx-110, Whitehouse, TX 75791
      View Details
    • Value Estimation by Request
      1,076 SF

      905 State Hwy 110th S

      OFFICE/RESIDENTIAL (MIXED USE) • 1,076 SF
      905 State Hwy 110th S, Whitehouse, TX 75791
      View Details
    • Value Estimation
      $1,155,000
      7,500 SF

      1200 State Hwy 110th N

      OFFICE/RESIDENTIAL (MIXED USE) • 7,500 SF
      1200 State Hwy 110th N, Whitehouse, TX 75791-3058
      View Details
    • Value Estimation
      $1,105,000
      11,400 SF

      15040 State Hwy 110th S

      OFFICE/RESIDENTIAL (MIXED USE) • 11,400 SF
      15040 State Hwy 110th S, Whitehouse, TX 75791-9362
      View Details
    • Value Estimation
      $540,000
      3,305 SF

      111 State Hwy 110th N

      OFFICE/RESIDENTIAL (MIXED USE) • 3,305 SF
      111 State Hwy 110th N, Whitehouse, TX 75791-3115
      View Details

    Similar Nearby for Sale

    • $895,000
      4,168 SF

      Whitehouse Car Wash - Turnkey Opportunity

      High-Traffic Car Wash, Excellent ROI Potential
      600 State Highway 110, Whitehouse, TX 75791
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      15 Acres Investment Opportunity

      15 acres with utilities, suitable for mobile homes/RVs.
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    • $3,545,455
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      802 Tx-110

      Grocery and convenience stores • 2,546 SF
      802 Tx-110, Whitehouse, TX 75791
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    • $349,000
      0.26 Acres

      Commercial Building on Highway 110

      Commercial building with office and showroom space in Whitehouse, TX.
      402 State Highway 110 N, Whitehouse, TX 75791
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    • Contact for pricing
      4,168 SF

      Established Car Wash Business Opportunity

      Turnkey car wash with high traffic and retail zoning.
      600 Tx-110, Whitehouse, TX 75791
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      Car Wash on Highway 110

      Car wash with in-bay automatics and wand wash bays.
      600 State Highway 110, 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
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    • $350 /Mo
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      Office Unit in Whitehouse, TX

      Single office unit in Hillside Business Park for rent.
      15632 State Highway 110 S, Whitehouse, TX 75791
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      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
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    • $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
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    • 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
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    • $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
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    Whitehouse, TX 75791
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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.

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    802 Highway 110 N, Whitehouse, TX, 75791

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