Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1823 Lone Star Rd Venus, TX 76084
    Back to Search
    Property profile & analytics

    1823 Lone Star Rd, Venus, TX 76084

    View on Map
    • Commercial real estate
    • 1,200 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US82-1046044
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1823 Lone Star Rd

    Year built
    1990
    Lot size
    1.04 lot acres
    Property type
    Commercial real estate
    APN
    126.0299.08071
    APU
    126029908071

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2018 — Shebli El-etoum — Deed · related $350k · Fidelity Bk
    Jul 13, 2006 — Shebli El-etoum El-etoum,ali S & Rachel Quit Claim Deed · related —
    — — Shebli El-etoum — Loan Modification · related $350k · Fidelity Bk

    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
    Venus
    County
    Johnson
    State
    Texas
    Longitude
    -97.1121
    Latitude
    32.5298
    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
    2018
    $322
    $56,410
    $11,906
    $68,316
    -
    $56,410
    $11,906
    $68,316

    Comparable in this City

    • Value Estimation by Request
      10.69 Acres

      2526 Chambers St

      COMMERCIAL (GENERAL)
      2526 Chambers St, Venus, TX 76084
      View Details
    • Value Estimation by Request
      500 SF

      2622 Melrose Dr

      COMMERCIAL (GENERAL)
      2622 Melrose Dr, Venus, TX 76084-3696
      View Details
    • Value Estimation by Request
      1,008 SF

      1102 Fm 157

      COMMERCIAL (GENERAL)
      1102 Fm 157, Venus, TX 76084-3808
      View Details
    • Value Estimation by Request
      2,546 SF

      108 2nd St

      COMMERCIAL (GENERAL)
      108 2nd St, Venus, TX 76084
      View Details
    • Value Estimation by Request
      4,100 SF

      110 2nd St

      COMMERCIAL (GENERAL)
      110 2nd St, Venus, TX 76084-3129
      View Details
    • Value Estimation by Request
      2,000 SF

      118 2nd St

      COMMERCIAL (GENERAL)
      118 2nd St, Venus, TX 76084-3129
      View Details

    Similar Nearby for Sale

    • $1,800,000
      5.00 Acres

      Mansfield 5-Acre Development Land

      Prime Mansfield location, endless potential.
      2507C Howell Dr, Mansfield, TX 76084
      View Details
    • $98,500

      Land For Sale

      Land available in Johnson County, Texas.
      1106 Pakse St, Venus, TX 76084
      View Details
    • Contact for pricing

      10.2 Acres of Land

      10.2 acres of land in Johnson County, Texas.
      5137 N Fm 157, Venus, TX 76084
      View Details
    • $220,000
      0.35 Acres

      Unimproved Land in Venus, TX

      0.35 acre of unimproved land for sale in Venus, TX.
      200 S Main St, Venus, TX 76084
      View Details
    • $2,545,000
      50.90 Acres

      Zoned Agricultural Development Land

      Large-acre tract with rezoning optionality and convenient regional access for future development planning.
      1196 County Road 214, Venus, TX 76084
      View Details
    • $990,000
      30.00 Acres

      Agricultural Land Investment Tract

      Mostly open farmland with easy highway and county road access, zero flood plain, and no zoning or deed restrictions.
      1998 Ozro Rd, Venus, TX 76084
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Venus Warehouse with Bay Doors

      4800 sq ft warehouse with two bay doors.
      6751 N Fm 157, Venus, TX 76084
      View Details
    • Contact for pricing
      2,450 SF

      New Flex Space Available

      Newly developed flex space with office buildout and outdoor storage.
      3115 Chambers St, Venus, TX 76084
      View Details
    • Contact for pricing
      3,750 SF

      Venus Warehouse Space Available

      2250 sq ft warehouse space for rent.
      6605 N Fm 157, Venus, TX 76084
      View Details
    • $26 SF/Yr
      208,217 SF

      Climate-Controlled Flex and Warehouse Suites

      White Oak Plaza offers climate-controlled flex, office, retail, and warehouse options with high visibility and ample parking.
      2810 Hardy St, Venus, TX 76084
      View Details
    • Contact for pricing
      3,200 SF

      Venus Warehouse with Bay Doors

      3200 sq ft warehouse with two bay doors.
      6741 N Fm 157, Venus, TX 76084
      View Details
    • Contact for pricing
      6,000 SF

      Venus Warehouse with Grade Level

      6,000 SF warehouse with easy highway access for lease.
      356 English Trl, Venus, TX 76084
      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.
    1823 Lone Star Rd
    Venus, TX 76084
    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

    Thank You for Inquiry
    1823 Lone Star Rd, Venus, TX, 76084
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!