309 S Bosque St Whitney, TX 76692
Property profile & analytics
309 S Bosque St Whitney, TX 76692
- Commercial real estate
- 42,704 SF
- 1.38 lot acres
Property ID
US82-5519629
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.
Location Intelligence
Current Use by Public Records
- Family Dollar / Discount Store
- Primo Water Refill / Big Box & Wholesale Store
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
Property Details for 309 S Bosque St
- Lot size
- 1.38 lot acres
- Property size
- 42,704 SF
- Property type
- Commercial real estate
- APN
- 131131
- APU
- 131131
Description
This 13,362-square-foot multi-tenant retail center in Whitney, Texas, presents a compelling value-add opportunity. Currently 62% occupied, the property is anchored by a long-term Family Dollar tenant (62% of gross leasable area) with a lease including six, five-year renewal options featuring 10% rent escalations. This provides significant upside potential, particularly given the 5,040-square-foot vacancy. The asking price of $850,000 equates to $63.61 per square foot, well below replacement cost. Strategically located on South Bosque Street, the center benefits from high traffic counts (approximately 6,279 vehicles per day) and multiple access points. The 1.38-acre lot offers ample parking. The property's proximity to schools and Lake Whitney State Park enhances its appeal. Strong demographics further support this investment, with average household incomes exceeding $70,000 within a three-mile radius. The property's current NOI is $59,460, with a pro-forma NOI of $113,199, reflecting a 7% cap rate and a pro-forma cap rate of 13.32%. Built in 1980, this center offers a chance to capitalize on a strong location and a tenant with a proven track record. The property is a NNN lease with two units.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $790,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,244,000
Market price range: $1.24M - $5.40M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Whitney
- County
- Hill
- State
- Texas
- Longitude
- -97.3151
- Latitude
- 31.9447
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
2022
$2,282
$72,770
$453,310
$526,080
-
$72,770
$453,310
$526,080
