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    Property profile & analytics

    3011 Hwy 718 Newark, TX 76071

    • Commercial real estate
    • 1,440 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Jul 27, 2022
    Location Intelligence
    Property ID
    US82-5157504
    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

    • Commercial real estate

    Property Details for 3011 Hwy 718

    Year built
    1940
    Lot size
    0.28 lot acres
    Property size
    1,440 SF
    Property type
    Commercial real estate
    APN
    R0930.0006.00
    APU
    R0930000600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Wise
    State
    Texas
    Longitude
    -97.4932
    Latitude
    33.0087
    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
    $510
    $24,000
    $143,092
    $167,092
    -
    $24,000
    $143,092
    $167,092

    Comparable in this City

    • Value Estimation by Request
      1,248 SF

      Newark, TX 76071

      COMMERCIAL (GENERAL) • 1,248 SF
      Newark, TX 76071
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    • Value Estimation by Request
      1,568 SF

      500 Crow Dr

      COMMERCIAL (GENERAL) • 1,568 SF
      500 Crow Dr, Newark, TX 76071-3832
      View Details
    • Value Estimation
      $465,000
      912 SF

      Fm 718

      COMMERCIAL (GENERAL) • 912 SF
      Fm 718, Newark, TX 76071
      View Details
    • Value Estimation
      $380,000
      1,344 SF

      104 County Rd 4854

      COMMERCIAL (GENERAL) • 1,344 SF
      104 County Rd 4854, Newark, TX 76071-3405
      View Details
    • Value Estimation
      $370,000
      2,550 SF

      409 Fm 718

      COMMERCIAL (GENERAL) • 2,550 SF
      409 Fm 718, Newark, TX 76071-3869
      View Details
    • Value Estimation by Request
      0.37 Acres

      Fm 718

      COMMERCIAL (GENERAL) • 0.37 Acres
      Fm 718, Newark, TX 76071
      View Details

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    3011 Hwy 718
    Newark, TX 76071
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    Realmo Value Estimation

    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.

    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.

    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
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