Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    23350 Us Highway 377 Whitesboro, TX 76273

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23350 Us Highway 377 Whitesboro, TX 76273

    View on Map
    • Commercial real estate
    • 8,840 SF
    • 2.99 lot acres
    For Sale
    $1,200,000
    View Listing →
    Highway 377 Commercial Property For Sale
    $1,200,000
    8,000 SF

    Highway 377 Commercial Property

    3-acre commercial property with two buildings off Highway 377.

    23350 US-377, Whitesboro, TX 76273
    View Listing
    Property ID
    US82-5336431
    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 23350 Us Highway 377

    Year built
    2001
    Lot size
    2.99 lot acres
    Property size
    8,840 SF
    Property type
    Commercial real estate
    APN
    087 119300605
    APU
    87119300605

    Description

    This exceptional commercial property, located at 23350 US Highway 377 in Whitesboro, Texas, presents a unique investment opportunity. The property encompasses a generous 1.5-acre lot and features a substantial 3,000-square-foot industrial building. The main structure measures 40 feet by 75 feet and includes three convenient roll-up bays, ideal for loading and unloading. A separate 36-foot by 16-foot office space is equipped with central heating and air conditioning, ensuring year-round comfort. The office area also boasts two half-bathrooms, providing ample restroom facilities for employees and clients. One of the three bays is currently partitioned, offering potential for separate rental income or customized workspace. Reliable internet service is provided by Rise Broadband, ensuring seamless connectivity. Water services are supplied by Rural Water, guaranteeing a consistent and dependable water supply. This property is perfectly suited for a variety of industrial or commercial uses, offering a blend of functional workspace and convenient amenities. Its strategic location and ample space make it an attractive option for businesses seeking a well-equipped and versatile facility. The property's size and features make it an excellent choice for expansion or diversification.

    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
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.9025
    Latitude
    33.7384
    CBSA code
    43300
    CBSA name
    SHERMAN-DENISON, 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
    2022
    $3,247
    $130,244
    $114,225
    $244,469
    -
    $130,244
    $114,225
    $244,469

    Comparable in this City

    • Value Estimation by Request
      0.75 Acres

      82 And Us Hwy

      Restaurants • 0.75 Acres
      82 And Us Hwy, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      0.40 Acres

      Old Town Rd

      COMMERCIAL (GENERAL) • 0.40 Acres
      Old Town Rd, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      2.97 Acres

      Us Hwy 377th N

      COMMERCIAL (GENERAL) • 2.97 Acres
      Us Hwy 377th N, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      0.92 Acres

      Whitesboro, TX 76273

      COMMERCIAL (GENERAL) • 0.92 Acres
      Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      5.00 Acres

      Whitesboro, TX 76273

      COMMERCIAL (GENERAL) • 5.00 Acres
      Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      2,496 SF

      615 Un St

      COMMERCIAL (GENERAL) • 2,496 SF
      615 Un St, Whitesboro, TX 76273-1006
      View Details

    Similar Nearby for Sale

    • $1,350,000
      2.61 Acres

      High-Visibility Whitesboro Commercial Land

      Prime 2.6-Acre Commercial Lot, High Traffic
      307 Us-377, Whitesboro, TX 76273
      View Details
    • $65,000
      0.59 Acres

      Whitesboro Land Ready to Build

      Oversized lot in Whitesboro, ready for building or investment.
      606 Water St, Whitesboro, TX 76273
      View Details
    • $375,000
      5.30 Acres

      5.3 Acres in Whitesboro, TX

      5.3-acre parcel with buildable land, wooded areas, and utilities.
      790 Ferguson Rd, Whitesboro, TX 76273
      View Details
    • $750,000
      11.90 Acres

      Prime Whitesboro Acreage For Sale

      11.9 acres in Whitesboro, TX, suitable for residential or agricultural.
      000 Old Sherman Rd, Whitesboro, TX 76273
      View Details
    • $69,000
      1.00 Acre

      Level 1-Acre Lot in Whitesboro

      Level 1-acre lot with views and light restrictions in Whitesboro.
      19 Reast Rd, Whitesboro, TX 76273
      View Details
    • $61,900
      0.12 Acres

      Land in Rock Creek Resort

      Residential land in a master-planned, member-only community.
      3 Annahille Ln, Whitesboro, TX 76273
      View Details

    Similar Nearby for Lease

    • $2,325 /Mo
      84,942 SF

      Remodeled Commercial Building in Whitesboro, TX

      Versatile, newly remodeled commercial building with multiple units for lease.
      27790 State Highway 56, Whitesboro, TX 76273
      View Details
    • Contact for pricing

      New Retail/Office Space Available

      New construction retail/office space in Whitesboro, ranging from 700-3,000 SF.
      N Union St, Whitesboro, TX 76273
      View Details
    • Contact for pricing

      Versatile Industrial Space For Rent

      5,000 sq ft industrial building with office and bathroom.
      23350 Us Highway 377, Whitesboro, TX 76273
      View Details
    • Contact for pricing
      3,200 SF

      Whitesboro Industrial Space For Lease

      Industrial/warehouse space with office, restroom, and large yard.
      816 Main St, Whitesboro, TX 76273
      View Details
    • $200 SF/Yr
      15,333 SF

      Storage Space in Whitesboro, TX

      Storage units for boats, cars, furniture, and more available.
      409 W Main St, Whitesboro, TX 76273
      View Details
    • $6,500 /Mo
      65,340 SF

      Versatile Industrial Space in Whitesboro

      5,000 sq ft industrial building with office and ample parking.
      23350 Us Highway 377, Whitesboro, TX 76273
      View Details
    View Listing
    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.
    23350 Us Highway 377
    Whitesboro, TX 76273
    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

    23350 Us Highway 377, Whitesboro, TX, 76273

    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!