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Property profile & analytics
OFF-MARKET
Retail space

204 Mccart St Krum, TX 76249

4,375 SF Built 1960
Individually Owned 1-yr Hold
Property ID
US83-1904195
Property summary
AI-generated overview

This exceptional 4,375 square foot storefront property in Krum, Texas, presents a unique investment opportunity. Located at 204 W McCart St, in Old Town Krum, this single-story, 1960-built building sits on a commercially/residentially zoned lot near the main intersection of FM 156 and FM 1173. Currently configured as four units – two retail/office spaces (approximately 1,300 sq ft each) and two apartments (approximately 890 sq ft each with garages) – the property offers immediate income potential through leasing. The retail spaces can be combined for up to 4,375 sq ft of contiguous space. Abundant public parking is available nearby, including a city-maintained lot across the street. The property benefits from its location in a rapidly growing area, with significant residential development underway, and planned TXDOT roadway expansion to accommodate increased traffic. The city's recent approval of vertical expansion up to six stories in Old Town Krum further enhances the long-term potential of this property, making it ideal for redevelopment or continued operation as a mixed-use asset. The proximity to city hall and the police station adds to the desirability of this location. This property offers a blend of immediate income and significant future upside in a thriving Texas community. Asking price is $630,000.

Property profile
Verified
Property type Retail space
Year built 1960
Total area 4,375 SF
UPID US83-1904195
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Krum Texas Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Afrim Hysenaj · 1 yrs held
Afrim Hysenaj
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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