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    307 E 5Th St Justin, TX 76247
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    307 E 5Th St Justin, TX 76247

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    • Retail space
    • 912 SF
    For Sale
    $325,000
    View Listing →
    Versatile Commercial Property in Justin For Sale
    $325,000
    912 SF

    Versatile Commercial Property in Justin

    Commercial property in Justin, TX, ideal for various business ventures.

    307 E 5th Street, Justin, TX 76247
    View Listing
    Property ID
    US83-1741851
    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

    • Retail space

    Property Details for 307 E 5Th St

    Year built
    1972
    Property size
    912 SF
    Property type
    Retail space
    Property subtype
    Office Units

    Description

    Entrepreneurs and all business owners come seize the opportunity to own a versatile commercial property located in the heart of Justin. This prime property, zoned for general business, offers high visibility and excellent accessibility, making it an ideal location for a variety of business ventures. ... Ideal for retail, office space, or other business operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Justin
    County
    Denton
    State
    Texas
    Longitude
    -97.298512
    Latitude
    33.088692

    Comparable in this City

    • $325,000
      912 SF

      Versatile Commercial Property in Justin

      Commercial property in Justin, TX, ideal for various business ventures.
      307 E 5Th St, Justin, TX 76247
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      9,619 SF

      NNN Leased Preschool Investment Property

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      Northlake Ranch and Homestead

      120-acre ranch in Northlake, TX with development potential.
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    • $10,000,000
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      120 Acre Ranch in Northlake

      120-acre ranch/homestead in Northlake, TX, ideal for investment/development.
      8145 Blair Rd, Justin, TX 76247
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    • $2,100,000
      1,846 SF

      Justin Land - Prime Development Opportunity

      4.62 Acres, FM 156 Frontage, High Visibility
      18314 Fm 156, Justin, TX 76247
      View Details
    • $461,350
      8.17 Acres

      Unimproved Land Outside Justin, TX

      8.17 acre lot near Justin, TX, outside city limits.
      15 F.m. 1384, Justin, TX 76247
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    Similar Nearby for Sale

    • $325,000
      912 SF

      Versatile Commercial Property in Justin

      Commercial property in Justin, TX, ideal for various business ventures.
      307 E 5Th St, Justin, TX 76247
      View Details
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      9,619 SF

      NNN Leased Preschool Investment Property

      Absolute NNN leased Kids Kampus Preschool investment property in Justin, Texas.
      427 Boss Range Rd, Justin, TX 76247
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    • $10,000,000
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      Northlake Ranch and Homestead

      120-acre ranch in Northlake, TX with development potential.
      8145 Blair Rd, Justin, TX 76247
      View Details
    • $10,000,000
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      120 Acre Ranch in Northlake

      120-acre ranch/homestead in Northlake, TX, ideal for investment/development.
      8145 Blair Rd, Justin, TX 76247
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    • $2,100,000
      1,846 SF

      Justin Land - Prime Development Opportunity

      4.62 Acres, FM 156 Frontage, High Visibility
      18314 Fm 156, Justin, TX 76247
      View Details
    • $461,350
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      Unimproved Land Outside Justin, TX

      8.17 acre lot near Justin, TX, outside city limits.
      15 F.m. 1384, Justin, TX 76247
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    Similar Nearby for Lease

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      Move-in Ready Space in Justin, TX

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      11180 Fm 156, Justin, TX 76247
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      Retail Space in High-Traffic Location

      Prime retail space in Justin, TX, ideal for restaurant/takeout.
      501 Fm 156, Justin, TX 76247
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      Retail Space Available For Rent

      Retail space available for rent at 15520 Hwy. 114.
      15520 Highway 114, Justin, TX 76247
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      Justin Town Square Office Space

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      Justin Retail Space - New Development

      4,900 SF Retail Shell Space Available
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      Retail Shopping Center in Justin

      Multi-tenant retail shopping center in Justin, Texas for lease.
      520 Topeka Ave, Justin, TX 76247
      View Details
    View Listing
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    307 E 5Th St
    Justin, TX 76247
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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.

    More about this property
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