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    1515 Hwy 199 Springtown, TX 76082-6052
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    1515 Hwy 199 Springtown, TX 76082-6052

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    • Office properties & Spaces
    • 9,000 SF
    • 9.99 lot acres
    Off-Market
    Last Sale Mar 18, 2021
    Property ID
    US83-3552621
    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.
    Value Estimations
    $1,920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Valley rose rv park & Storage / Campground & RV Park
    • Nomad RV Repair LLC / Auto Repair Shop

    Property Details for 1515 Hwy 199

    Year built
    2017
    Lot size
    9.99 lot acres
    Property size
    9,000 SF
    Property type
    Office properties & Spaces
    APN
    21386-013-000-00
    APU
    2138601300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,070,000
      6.5%
      $1,910,000
      7%
      $1,775,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,925,000
      Market price range: $651k - $1.93M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,240,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.6489
    Latitude
    32.9481
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    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
    2023
    $37,457
    $929,920
    $1,500,380
    $2,430,300
    -
    $929,920
    $1,500,380
    $2,430,300

    Comparable in this City

    • Value Estimation
      $4,225,000
      36,700 SF

      3054 Hwy 199

      OFFICE (GENERAL) • 36,700 SF
      3054 Hwy 199, Springtown, TX 76082-5242
      View Details
    • Value Estimation by Request
      5,415 SF

      101 Highland Rd

      OFFICE (GENERAL) • 5,415 SF
      101 Highland Rd, Springtown, TX 76082-7163
      View Details
    • Value Estimation
      $1,425,000
      7,200 SF

      417 Hwy 199

      OFFICE (GENERAL) • 7,200 SF
      417 Hwy 199, Springtown, TX 76082-2768
      View Details
    • Value Estimation by Request
      2,011 SF

      1214 Main St

      OFFICE (GENERAL) • 2,011 SF
      1214 Main St, Springtown, TX 76082
      View Details
    • Value Estimation by Request
      1,568 SF

      2101 Hwy 199

      OFFICE (GENERAL) • 1,568 SF
      2101 Hwy 199, Springtown, TX 76082-3232
      View Details
    • Value Estimation by Request
      2,196 SF

      5207 Hwy 199

      OFFICE (GENERAL) • 2,196 SF
      5207 Hwy 199, Springtown, TX 76082-7373
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Springtown Office Property For Sale

      Office property with 3,000 square feet of space.
      921 Highway 199 E, Springtown, TX 76082
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    • $999,000
      1.39 Acres

      Reno, TX Commercial Land

      Commercial property on 1.39 acres with highway frontage.
      4861 Highway 199 E, Reno, TX 76082
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    • $950,000
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      Sanctuary, TX Mixed-Use Property

      3+ acre property with residential and light commercial zoning.
      2005 Highway 199 W, Sanctuary, TX 76082
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    • $299,900
      0.10 Acres

      Commercial Rooms with Separate Entrances

      Two commercial rooms, each with private bathroom and entrance.
      115 E 1St St, Springtown, TX 76082
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    • $179,900
      952 SF

      Commercial Property on Growing Corridor

      Commercial property in developing area with high visibility and flexibility.
      321 Highway 199 W, Springtown, TX 76082
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    • $850,000
      0.50 Acres

      Commercial Land with Highway Frontage

      Commercial property with highway frontage and access on northside.
      311 Highway 199 E, Springtown, TX 76082
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    Similar Nearby for Lease

    • $2,100 /Mo
      43,560 SF

      Highway 199 Commercial Leasing Opportunity

      Commercial leasing opportunity on high-traffic Highway 199 in Springtown, TX.
      4902 Highway 199 E, Springtown, TX 76082
      View Details
    • $5,000 /Mo
      87,120 SF

      Highway Frontage Industrial Lease Opportunity

      Industrial lease with highway visibility, workspace, and yard in Springtown.
      501 Highway 199 W, Springtown, TX 76082
      View Details
    • $4,500 /Mo
      43,560 SF

      Climate-Controlled Warehouse Space Available

      Flexible warehouse space for lease near Highway 199.
      200 Land Of Goshen Dr, Springtown, TX 76082
      View Details
    • Contact for pricing
      3,200 SF

      Springtown Warehouse Space Available

      3,200 SF warehouse space for lease in Springtown, Texas.
      1715 Fm 51, Springtown, TX 76082
      View Details
    • Contact for pricing

      Spacious Industrial Warehouse in Springtown

      Versatile industrial warehouse with open layout and strategic location.
      1715 N Fm Road 51, Springtown, TX 76082
      View Details
    • Contact for pricing
      1,721 SF

      Industrial Building with Storage Yard

      Industrial building featuring a storage yard and gated entry.
      3001 Highway 199 E, Springtown, TX 76082
      View Details
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    1515 Hwy 199
    Springtown, TX 76082-6052
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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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