Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12112 Thistle Ln Justin, TX 76247

    • Investment properties
    • 1,800 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1965517
    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

    • Investment properties

    Property Details for 12112 Thistle Ln

    Year built
    1999
    Lot size
    1.00 lot acres
    Property size
    1,800 SF
    Property type
    Investment properties

    Description

    This exceptional business opportunity in Justin, Texas, presents a versatile 1,800 square foot property encompassing a substantial 30x60 foot shop building situated on a one-acre lot. The shop boasts impressive 14-foot sidewalls, providing ample headroom for various projects and equipment. Four generously sized bay doors ensure easy access and maneuverability, with three dedicated work bays ready for immediate use. Included in the sale are valuable assets such as a functioning air compressor and lifts, enhancing the shop's operational capabilities. A convenient walk-in office with an attached bathroom offers a comfortable workspace separate from the main shop area. While a manufactured home is located on the property, it is considered to have no monetary value and is being sold as-is. The property is being offered in its current condition, and all information provided should be independently verified by the prospective buyer. This presents a unique chance to acquire a well-equipped shop with significant potential for various business ventures, all situated on a sizable one-acre lot in a desirable location. The buyer is responsible for verifying all details and conducting due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Justin
    County
    Denton
    State
    Texas
    Longitude
    -97.33015
    Latitude
    33.06261

    Comparable in this City

    • $649,000
      0.48 Acres

      Justin TX Warehouse Investment Opportunity

      Fully leased warehouse with steady rental income in Justin, Texas.
      415 Topeka St, Justin, TX 76247
      View Details
    • Contact for pricing
      382 SF

      Prime Land in Justin, TX

      Investment opportunity in a rapidly developing area with highway access.
      Fm 407, Justin, TX 76247
      View Details
    • Contact for pricing
      10,307 SF

      Ridge Drive Warehouse For Sale

      Warehouse property for sale in Justin, Texas.
      320 Ridge Dr, Justin, TX 76247
      View Details
    • $375,000

      Versatile Commercial Property in Justin

      One-acre commercial property with office space in growing Justin, Texas.
      18003 Cindys Ln, Justin, TX 76247
      View Details
    • $1,298,000

      Land For Sale

      Commercial land available for purchase.
      Fm 156, Justin, TX 76247
      View Details
    • $1,100,000
      2.34 Acres

      Cleared Land Near Highways

      2.33 acre cleared, fenced, and gated lot with gravel base.
      17539 Matany Rd, Justin, TX 76247
      View Details

    Similar Nearby for Sale

    • $649,000
      0.48 Acres

      Justin TX Warehouse Investment Opportunity

      Fully leased warehouse with steady rental income in Justin, Texas.
      415 Topeka St, Justin, TX 76247
      View Details
    • $499,500
      3.01 Acres

      Unimproved Land Near Texas Speedway

      3.007 acres of land suitable for a small business.
      Tbd1 Sam Reynolds Rd, Justin, TX 76247
      View Details
    • $25,608,380

      Denton County Development Site

      156.77 acres near Texas Motor Speedway available for development.
      450 Fm 156, Justin, TX 76247
      View Details
    • Contact for pricing

      Land with Convenient Thoroughfare Access

      Land with favorable zoning and convenient access to FM 156.
      115 E 1St St, Justin, TX 76247
      View Details
    • $750,000

      Commercial Lot in Alliance Corridor

      Commercial lot in high-growth area with minimal zoning restrictions.
      8898 Fm-156, Justin, TX 76247
      View Details
    • $800,000

      Commercial Lot in Alliance Corridor

      Commercial lot in high-growth area with minimal zoning restrictions.
      8744 Fm-156, Justin, TX 76247
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      6,000 SF

      FM 156 Justin Office/Industrial Space

      Modern 6,000 SF Office/Industrial in Denton County
      11180 Fm 156, Justin, TX 76247
      View Details
    • $6,000 /Mo
      101,800 SF

      Cleared Lot For Lease

      Fenced and gated 2.33-acre lot with gravel base available for lease.
      17539 Matany Rd, Justin, TX 76247
      View Details
    • Contact for pricing
      1,004,400 SF

      Class A Distribution Facility

      State-of-the-art distribution facility in Fort Worth.
      13410 Highway 114, Justin, TX 76247
      View Details
    • $25 SF/Yr
      4,900 SF

      Justin Retail Space - New Development

      4,900 SF Retail Shell Space Available
      0 Fm 407, Justin, TX 76247
      View Details
    • $20 SF/Yr
      6,000 SF

      Prime Justin Office Space Available

      Class A Office, 6,000 SF, Newly Built
      17516 Matany Rd, Justin, TX 76247
      View Details
    • $33 SF/Yr
      8,015 SF

      Justin Town Square Office Space

      Prime Denton County Office Suites Available
      0 Fm 156, Ponder, TX 76247
      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.
    12112 Thistle Ln
    Justin, TX 76247
    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

    Google sign-in failed. Please try again or use another login method.