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    Property profile & analytics

    219 Clay St Nocona, TX 76255

    • Commercial real estate
    • 9,553 SF
    For Sale
    View listing
    $995,000
    Value Estimation
    Location Intelligence
    Property ID
    US82-5875572
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Red River Station Inn / Hotel

    Property Details for 219 Clay St

    Year built
    1970
    Property size
    9,553 SF
    Property type
    Commercial real estate
    APN
    R000003144
    APU
    R000003144

    Description

    This exceptional 9,245 square foot boutique hotel, situated on a 0.19-acre lot in the heart of Historic Downtown Nocona, Texas, presents a unique investment opportunity. The Red River Station Inn boasts eleven uniquely decorated guest rooms, each reflecting the rich history of Montague County. An owner's suite, complete with a full kitchen and bath, provides comfortable accommodations. The second story features a bar and a spacious balcony overlooking the main street, offering unparalleled views of numerous annual community events and parades. This prime location provides easy access to local shops and downtown festivities, placing the hotel at the cultural heart of Nocona. The property includes a gift shop, currently operational, which presents potential for expansion into another small business or as a separate leasing opportunity. This turnkey business has enjoyed ten years of successful operation, earning top TripAdvisor reviews and an excellent reputation within the community. The property's size, location, and established reputation make it an ideal acquisition for an investor seeking a profitable and established business in a vibrant Texas town. The asking price is $995,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nocona
    County
    Montague
    State
    Texas
    Longitude
    -97.7278
    Latitude
    33.7892

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $8,292
    $22,500
    $616,410
    $638,910
    -
    $22,500
    $616,410
    $638,910

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    Similar Nearby for Sale

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    219 Clay St
    Nocona, TX 76255
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    Realmo Value Estimation

    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.

    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.

    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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