1801 Highway 199 Springtown, TX 76082
This expansive 3.06-acre property, situated just west of Springtown city limits, presents a unique investment opportunity. The unzoned land allows for a wide range of potential uses. The property includes a residential structure requiring renovation, offering potential for live-work arrangements or conversion to additional industrial space. An unfinished two-story building provides significant expansion potential, while a substantial 30x40 metal building offers immediate usable space. Convenient covered parking is provided by a three-vehicle carport and an additional 20x20 carport. Two 11x16 cinder block buildings, each equipped with electricity, provide further storage or workspace options. One of these cinder block buildings houses a well, providing a reliable water source. A conventional septic system is in place. The property's size, diverse structures, and unzoned status make it ideal for a variety of industrial, commercial, or even residential redevelopment projects. The existing buildings offer immediate utility, while the ample land and unfinished structures provide significant room for growth and customization. This property is priced at $448,000 and offers a compelling opportunity for investors seeking a versatile and expansive industrial site in a growing area. The total square footage of the buildings is 1,976 square feet.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.