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    2351 Fm 2458 Justiceburg, TX 79330
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    2351 Fm 2458, Justiceburg, TX 79330

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    • Commercial real estate
    • 5,784 SF
    • 2.98 lot acres
    For Sale
    $375,000
    View Listing →
    Lake Alan Henry Commercial Property For Sale
    $375,000
    4,000 SF

    Lake Alan Henry Commercial Property

    4,000 sqft commercial shop with a beautiful home.

    2351 Fm 2458, Justiceburg, TX 79330
    View Listing
    Property ID
    US83-1094836
    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 2351 Fm 2458

    Year built
    2008
    Lot size
    2.98 lot acres
    Property size
    5,784 SF
    Property type
    Commercial real estate
    APN
    390-0000-0000-087-00-00
    APU
    390000000000870000

    Description

    This exceptional commercial property in Justiceburg, Texas, presents a unique investment opportunity. Located at 2351 Fm 2458, the property boasts a substantial 4,000 square foot retail building situated on a generous 3.45-acre lot. Previously operating as a lake supply store, this versatile space offers endless possibilities for a variety of commercial ventures. The zoning is commercial with no restrictions, providing maximum flexibility for the new owner. A significant advantage is the inclusion of a comfortable home on the property. This residence features granite countertops, custom crown molding and trim, oversized closets, and ample storage space. The kitchen is fully equipped with a large island and all appliances are included. A convenient mudroom and laundry room with washer and dryer complete the home's amenities. The property's proximity to Lake Alan Henry provides exceptional potential for businesses catering to lake activities and tourism. This combination of commercial space and residential living makes this a truly unique and attractive investment opportunity. The asking price is $375,000. Don't miss this chance to own a substantial property with significant upside potential in a desirable location. Contact us today to schedule a showing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,270,000
      6.5%
      $1,170,000
      7%
      $1,090,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,012,000
      Market price range: $390k - $1.01M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Justiceburg
    County
    Garza
    State
    Texas
    Longitude
    -101.165
    Latitude
    33.0463

    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
    $1,782
    $8,949
    $227,233
    $236,182
    -
    $8,949
    $227,233
    $236,182

    Comparable in this City

    • Value Estimation by Request

      Justiceburg, TX 79330

      COMMERCIAL (GENERAL)
      Justiceburg, TX 79330
      View Details
    • Value Estimation by Request
      2.32 Acres

      Justiceburg, TX 79330

      COMMERCIAL (GENERAL) • 2.32 Acres
      Justiceburg, TX 79330
      View Details
    • Value Estimation
      $585,000
      4,136 SF

      2361 Fm 2458

      COMMERCIAL (GENERAL) • 4,136 SF
      2361 Fm 2458, Justiceburg, TX 79330-2521
      View Details
    • Value Estimation by Request
      2,139 SF

      2699 Fm 3519

      COMMERCIAL (GENERAL) • 2,139 SF
      2699 Fm 3519, Justiceburg, TX 79330-2546
      View Details
    • Value Estimation by Request
      2,320 SF

      2478 Fm 3519

      COMMERCIAL (GENERAL) • 2,320 SF
      2478 Fm 3519, Justiceburg, TX 79330-2535
      View Details
    • Value Estimation
      $4,770,000
      44,937 SF

      2446 County Rd 355

      COMMERCIAL (GENERAL) • 44,937 SF
      2446 County Rd 355, Justiceburg, TX 79330
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Waterfront Lot with Lake View

      Deep water lot in gated community with private boat ramp.
      108 Sierra Vista Dr, Justiceburg, TX 79330
      View Details
    • $299,900
      2.85 Acres

      Lake View Residential Land

      Residential land with lake view in gated community.
      108 Sierra Vista Dr, Justiceburg, TX 79330
      View Details
    • $825,000
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      Justiceburg Short-Term Rental Investment Opportunity

      Income-producing short-term rentals with development potential near Lake Alan Henry.
      2456 Fm 3519, Justiceburg, TX 79330
      View Details
    • $80,000
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      Residential Land in Justiceburg, TX

      1.22 acre residential land available in Justiceburg, Texas.
      120 Sierra Vista Dr, Justiceburg, TX 79330
      View Details
    • $299,900
      2.14 Acres

      Lake View Lot in Justiceburg

      2.14 acre lot with lake views in gated community.
      107 Sierra Vista Dr, Justiceburg, TX 79330
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    • $84,900
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      Waterfront Land in Gated Community

      Waterfront lots in Justiceburg, TX, with utilities and amenities.
      57 Ward, Justiceburg, TX 79330
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    View Listing
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    Justiceburg, TX 79330
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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.

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