Property profile

2897 Hwy 199 Springtown, TX 76082

OFF-MARKET
Office Spaces
Property ID
US82-0524852
4,800 SF 1.73 ac lot
Individually Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,000-square-foot property in Springtown, Texas, presents a unique investment opportunity. Situated on 1.73 acres at 2897 E. Hwy 199, this property boasts two buildings totaling 8,000 square feet of versatile space. The main building, encompassing 4,800 square feet, features a climate-controlled retail area, office space, two restrooms, and a free-span warehouse with two roll-up doors and a loading dock. Ceiling heights range from 11 to 14 feet, providing ample vertical space. A second, 3,200-square-foot warehouse building offers additional storage capacity. The property benefits from a prominent, illuminated monument sign on the highway, ensuring high visibility. A secure, fenced outdoor area is ideal for equipment or trailer storage. Built in 1994, this single-tenant property is currently vacant and offers significant potential for various uses, including retail, warehouse, or workshop applications. The property is located in Parker County, Texas, with a zip code of 76082, and is zoned "none," offering flexibility for potential tenants. This property is perfect for businesses seeking a combination of office, retail, and warehouse space with excellent highway visibility and ample outdoor storage.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Total area 4,800 SF
Lot 1.73 ac (75,359 SF)
APN 21433-013-000-00
UPID US82-0524852

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2897 Hwy 199 Springtown, TX 76082-6837
Springtown metro Census 140412 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2008
4 recorded transactions
2018
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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