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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    375 County Road 370 Jarrell, TX 76537

    • Commercial real estate
    • 3,184 SF
    • 16.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3653988
    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

    • Jarrell auto (we are not a shop Mobil repair only) / Auto Repair Shop

    Property Details for 375 County Road 370

    Year built
    1997
    Lot size
    16.19 lot acres
    Property size
    3,184 SF
    Property type
    Commercial real estate

    Description

    This exceptional 16.19-acre commercial property in Jarrell, Texas, presents a remarkable investment opportunity. Ideally located just half a mile from I-35 and the Bud Stockton Loop, this site boasts unparalleled visibility and accessibility. The property's strategic position near the intersection of I-35 and Bud Stockton Loop places it within easy reach of a growing community and major transportation arteries. Nearby amenities include a Starbucks, car wash, and medical care center, enhancing the property's appeal and convenience. The land itself offers a multitude of development possibilities, including but not limited to a mobile home park, business park, equipment storage facility, or towing service center. Its proximity to burgeoning developments like Sierra G Ranch and Cornell Business Park further underscores its growth potential. The presence of a 16-inch waterline along the access road provides crucial infrastructure support. Adding to the property's value are two existing homes, each connected to private utilities, offering immediate income potential or comfortable on-site accommodations. With a total of 3,184 square feet of existing building space, this property is ready for immediate use or extensive development. This is a rare chance to acquire a significant parcel of land in a rapidly expanding area, poised for substantial future appreciation. The asking price is $2,399,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jarrell
    County
    Williamson
    State
    Texas
    Longitude
    -97.62302
    Latitude
    30.80259

    Comparable in this City

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    • $546,000
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      Last Jarrell Pad Site Available

      Prime Commercial Land, I-35 Frontage
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    • $1,650,000
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      Jarrell Commercial Land - 10 Acres

      Prime 10-acre development site near IH-35.
      251 County Road 307, Jarrell, TX 76537
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    • $1,300,000
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      Jarrell Land: Prime Development Site

      2-Acre Commercial/Industrial Tract, I-35 Frontage
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    • Contact for pricing
      110.70 Acres

      Jarrell, TX Multifamily Land Investment

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    Similar Nearby for Sale

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    • $546,000
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      I-35 Frontage Commercial Land

      Jarrell, TX - Owner Financing Available
      100 Meadow Valley Loop, Jarrell, TX 76537
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    • $785,000
      0.87 Acres

      Last Jarrell Pad Site Available

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      105 Slowbes Way, Jarrell, TX 76537
      View Details
    • $1,650,000
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      Jarrell Commercial Land - 10 Acres

      Prime 10-acre development site near IH-35.
      251 County Road 307, Jarrell, TX 76537
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    • $1,300,000
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      Jarrell Land: Prime Development Site

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      View Details
    • Contact for pricing
      110.70 Acres

      Jarrell, TX Multifamily Land Investment

      110 Acres, Prime Development Opportunity
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,050 SF

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    • $4,250 /Mo

      Distribution Property Near IH 35

      Distribution property in prime location near IH 35.
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    • $10,800 /Mo

      Office Space in Growing Community

      3,600 SF office space in Jarrell, Texas for lease.
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    • $3,500 /Mo

      Jarrell Office on Acreage

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      401 County Road 216, Jarrell, TX 76537
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      Cougar Plaza: Jarrell Office Space

      Prime Jarrell Office Suites, Flexible Sizes
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    • Contact for pricing

      New Home in Quiet Neighborhood

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    Jarrell, TX 76537
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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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