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Property profile & analytics
OFF-MARKET
Office Spaces

2897 Hwy 199 Springtown, TX 76082-6837

4,800 SF 1.73 ac lot
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US82-0524852
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Dennis Knight · 18 yrs held
Dennis Knight
since 2008
4 recorded transactions
2018
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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