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    1912 County Road 904 Joshua, TX 76058

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    1912 County Road 904 Joshua, TX 76058

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    • Commercial real estate
    • 0.85 lot acres
    Off-Market
    Property ID
    US82-5106182
    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 1912 County Road 904

    Lot size
    0.85 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.848-acre commercial land parcel presents a unique investment opportunity in Joshua, Texas. Strategically located on the northwest corner of the newly opened Chisholm Trail Parkway and County Road 904, this hard corner pad site offers unparalleled visibility and accessibility. The property boasts 36,938 square feet of usable land, providing ample space for a variety of commercial developments. Its prime location provides quick access to US Highway 67 (approximately two miles away) and Interstate 35W (approximately thirteen miles away), ensuring convenient access for customers and employees. The property is situated in Johnson County, Texas, with a zip code of 76058, and is identified by the address 1912 County Road 904. The asking price for this highly desirable commercial land is $147,750. This represents a significant opportunity for investors seeking a well-positioned property with high growth potential in a rapidly developing area. Don't miss this chance to acquire a piece of prime commercial real estate in a thriving Texas community.

    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
    Joshua
    County
    Johnson
    State
    Texas
    Longitude
    -97.4177264
    Latitude
    32.4332354

    Comparable in this City

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      Unimproved land for building a dream home near Chisholm Trail.
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    • $985,000
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      16.94 Acres in Joshua, TX

      16.942 acres in commercial corridor with road frontage.
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    • $135,000
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      4.3 Acres of Unimproved Land

      4.3 acres of land ready for your personal touch.
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    • $1,820,000
      36.40 Acres

      36.4 Acres in Joshua, TX

      Prime land with frontage on FM 917 in Joshua, TX.
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    • $1,450,000
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      Glen Rose Farm with Private Lake

      Secluded 20-acre property with custom home and private lake.
      2113 County Rd 2012, Glen Rose, TX 76058
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    • $175,000
      1.00 Acre

      Unimproved Land in Joshua, Texas

      One acre of land with trees for residential development.
      Tbd Trailwood Dr, Joshua, TX 76058
      View Details

    Similar Nearby for Sale

    • $119,900
      1.00 Acre

      Residential Land in Joshua, Texas

      Unimproved land for building a dream home near Chisholm Trail.
      1509 Saguaro Trl, Joshua, TX 76058
      View Details
    • $985,000
      16.94 Acres

      16.94 Acres in Joshua, TX

      16.942 acres in commercial corridor with road frontage.
      2312 W Fm 917, Joshua, TX 76058
      View Details
    • $135,000
      4.37 Acres

      4.3 Acres of Unimproved Land

      4.3 acres of land ready for your personal touch.
      9934 1St St, Joshua, TX 76058
      View Details
    • $1,820,000
      36.40 Acres

      36.4 Acres in Joshua, TX

      Prime land with frontage on FM 917 in Joshua, TX.
      1125 W Fm 917, Joshua, TX 76058
      View Details
    • $1,450,000
      20.00 Acres

      Glen Rose Farm with Private Lake

      Secluded 20-acre property with custom home and private lake.
      2113 County Rd 2012, Glen Rose, TX 76058
      View Details
    • $175,000
      1.00 Acre

      Unimproved Land in Joshua, Texas

      One acre of land with trees for residential development.
      Tbd Trailwood Dr, Joshua, TX 76058
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Drive-Thru Opportunity in Joshua, TX

      Hard corner drive-thru opportunity in Joshua's primary retail corridor.
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      Prime Corner Pad Site

      1.67-acre pad site for lease at a hard-corner intersection.
      399 Mcmillain St, Joshua, TX 76058
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    • $2,000 /Mo
      186,437 SF

      Industrial Warehouse in Joshua, Texas

      2,400 sqft warehouse with security, ideal for small business.
      410 N Broadway St, Joshua, TX 76058
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    • $16 SF/Yr
      2,425 SF

      Retail Space on Highway 174

      Retail space with high visibility and ample parking available.
      518-520 N Broadway St, Joshua, TX 76058
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    • Contact for pricing
      7,500 SF

      Retail Space on SH 174

      Retail spaces available along SH 174 in Joshua, Texas.
      1038 S Broadway St, Joshua, TX 76058
      View Details
    • $16 SF/Yr

      Retail Space on Broadway Street

      Renovated retail space with high visibility and ample parking.
      520 N Broadway St, Joshua, TX 76058
      View Details
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    Joshua, TX 76058
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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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    1912 County Road 904, Joshua, TX, 76058

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