Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    301 Center Court Dr Bridgeport, TX 76426

    • Commercial real estate
    • 10,320 SF
    • 0.92 lot acres
    For Sale
    View listing
    $899,000
    Last Sale
    Mar 05, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3818874
    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.

    Current Use by Public Records

    • The Speak Easy / Counselor
    • Skin Diva Aesthetics / Alternative Medicine Practice / Spa & Massage Center
    • MVP Motorsports Inc / Auto Repair Shop
    • Exodus Executive Suites / Real Estate Agency
    • CrossFit Exodus / Gym & Fitness Center

    Property Details for 301 Center Court Dr

    Year built
    2003
    Lot size
    0.92 lot acres
    Property size
    10,320 SF
    Property type
    Commercial real estate
    APN
    B0950.0030.00
    APU
    B0950003000

    Description

    This exceptional investment opportunity presents a fully occupied 10,320 square foot office and industrial property located at 301 Center Court Drive, Bridgeport, TX. The property sits on a desirable 0.92-acre corner lot, offering significant expansion potential for future development, such as additional warehouse space or office suites. The strategic location just off Highway 380 provides excellent visibility and accessibility, benefiting from the recent influx of new retail, medical facilities, and national brand tenants in the area. The property currently comprises six individually leased office suites, each operating under a renewable three-month lease agreement. Additionally, an 8,300 square foot warehouse is currently leased to a thriving gym under a five-year percentage lease, exceeding the market rate per square foot. This strong tenant mix ensures a consistent and substantial income stream. The property's current occupancy and favorable lease terms present a compelling investment opportunity with significant upside potential for long-term growth and return. The combination of prime location, diverse tenant base, and expansion possibilities makes this a truly remarkable investment prospect in a rapidly developing area. This property offers a rare chance to acquire a stable, high-performing asset with significant future growth potential. The existing infrastructure and established tenant base minimize risk and maximize immediate return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $704,000
      Market price range: $667k - $1.86M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Wise
    State
    Texas
    Longitude
    -97.7641
    Latitude
    33.221
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, 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
    2023
    $16,745
    $160,996
    $680,851
    $841,847
    -
    $160,996
    $680,851
    $841,847

    Comparable in this City

    • Value Estimation by Request
      4.92 Acres

      4.92 +/ Acres

      Land • 4.92 Acres
      0 4.92 +/ Acres, Runaway Bay, TX 76426
      View Details
    • Value Estimation by Request
      0.68 Acres

      203 Us-380

      Land • 0.68 Acres
      203 Us-380, Bridgeport, TX 76426
      View Details
    • Value Estimation by Request
      0.06 Acres

      Bridgeport, TX 76426

      COMMERCIAL (GENERAL) • 0.06 Acres
      Bridgeport, TX 76426
      View Details
    • Value Estimation by Request
      0.85 Acres

      Bridgeport, TX 76426

      COMMERCIAL (GENERAL) • 0.85 Acres
      Bridgeport, TX 76426
      View Details
    • Value Estimation by Request
      0.27 Acres

      Bridgeport, TX 76426

      COMMERCIAL (GENERAL) • 0.27 Acres
      Bridgeport, TX 76426
      View Details
    • Value Estimation by Request
      7.37 Acres

      Bridgeport, TX 76426

      COMMERCIAL (GENERAL) • 7.37 Acres
      Bridgeport, TX 76426
      View Details

    Similar Nearby for Sale

    • $875,000
      7.37 Acres

      Bridgeport Commercial Land - Hwy 380

      Prime 7-acre commercial lot, owner financing.
      380 Tbd Hwy, Bridgeport, TX 76426
      View Details
    • $375,000
      2,336 SF

      Bridgeport Multi-Unit Investment Opportunity

      High-traffic location, five lease spaces.
      1804 Chico Hwy, Bridgeport, TX 76426
      View Details
    • $595,000
      4,000 SF

      Downtown Bridgeport Retail Opportunity

      Prime 4,000 SF Retail Space, $595,000
      921 Halsell St, Bridgeport, TX 76426
      View Details
    • $1,701,236
      7.81 Acres

      Bridgeport Commercial Land - 7.81 Acres

      Prime 7.81-acre commercial lot in Bridgeport, TX.
      0 Us Highway 380, Runaway Bay, TX 76426
      View Details
    • Contact for pricing
      0.49 Acres

      Bridgeport Commercial Land Pad

      Prime Commercial Lot, High Traffic Area
      2202 Us Highway 380, Bridgeport, TX 76426
      View Details
    • $675,000
      4.92 Acres

      Prime Bridgeport Commercial Land

      4.92 Acres, High Traffic Area
      0 4.92 +/ Acres, Runaway Bay, TX 76426
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      32,786 SF

      Bridgeport Medical Office Building

      Prime Medical Office Space Available
      1903 Doctors' Hospital Dr, Bridgeport, TX 76426
      View Details
    • $2,500 /Mo
      45,520 SF

      Bridgeport Office Space For Lease

      Office space in Bridgeport with ample parking and office space.
      1205 Hovey St, Bridgeport, TX 76426
      View Details
    • $7,500 /Mo
      13,983 SF

      Historic Bridgeport Index Building For Lease

      Renovated historic building in prime business district, suitable for various uses.
      916 Halsell St, Bridgeport, TX 76426
      View Details
    • $550 /Mo
      10,498 SF

      Remodeled Office Space on Highway

      Single office space with shared common areas and utilities for lease.
      904 13Th St, Bridgeport, TX 76426
      View Details
    • $850 /Mo
      10,498 SF

      Remodeled Office with Highway Visibility

      Single office space for lease in Bridgeport, Texas.
      904 13Th St, Bridgeport, TX 76426
      View Details
    • $850 /Mo
      10,498 SF

      Remodeled Office with Highway Visibility

      Single office space in a remodeled building with shared common areas.
      904 13Th St, Bridgeport, TX 76426
      View Details
    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.
    301 Center Court Dr
    Bridgeport, TX 76426
    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

    Google sign-in failed. Please try again or use another login method.