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    439 Fm 2604 Whitney, TX 76692

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    439 Fm 2604 Whitney, TX 76692

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    • Bars & Pubs
    • 78,843 SF
    For Sale
    $299,000
    View Listing →
    Mixed-Use Property Near Lake For Sale
    $299,000
    78,843 SF

    Mixed-Use Property Near Lake

    Property with restaurant, bar, warehouse, and residential potential.

    439 Fm 2604, Whitney, TX 76692
    View Listing
    Property ID
    US82-6464975
    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

    • Bars & Pubs

    Property Details for 439 Fm 2604

    Property size
    78,843 SF
    Property type
    Bars & Pubs
    Property subtype
    Pubs

    Description

    This exceptional commercial property, located at 439 FM-2604 in Whitney, Texas, presents a unique investment opportunity. Spanning 1.81 acres, the property boasts a substantial 78,843 square feet of space, encompassing a diverse range of uses. The existing structures include a restaurant and bar, a warehouse, and multiple storage units, offering immediate income streams. Nine individual units are currently in place. The single-story building features ceiling heights ranging from 11 to 14 feet, providing ample space for various commercial ventures. The property is zoned for commercial use and is conveniently located just one mile from the lake. Two additional residential properties on the site further enhance the investment potential. While some renovations are needed, the property is largely ready for immediate operation. Most existing items will be included in the sale. Priced at $327,000, this property offers significant upside potential for a savvy investor seeking a multi-faceted commercial venture with diverse income streams. The property's location and existing infrastructure make it an ideal candidate for a variety of commercial uses, from expanding existing businesses to creating entirely new ventures. This is a rare opportunity to acquire a large, established commercial property with significant potential for growth and profitability.

    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
    Whitney
    County
    Hill
    State
    Texas
    Longitude
    -97.3671794
    Latitude
    32.0147609

    Comparable in this City

    • Contact for pricing
      78,843 SF

      Mixed-Use Property Near Lake

      Property with restaurant, bar, warehouse, and residential potential.
      439 Fm 2604, Whitney, TX 76692
      View Details
    • Contact for pricing
      6,900 SF

      Downtown Mixed-Use Investment Opportunity

      6900 SF mixed-use property in prime downtown location.
      101 E Washington Ave, Whitney, TX 76692
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    • $2,500,000
      2.00 Acres

      Turnkey Bar & Restaurant Business

      Thriving bar and restaurant near Lake Whitney for sale.
      3261 Fm 933, Whitney, TX 76692
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    • $2,500,000

      JJ's Roadhouse on FM 933

      Commercial property with restaurant/bar potential on FM 933.
      3261 Fm 933, Whitney, TX 76692
      View Details
    • New
      $380,000
      2,400 SF

      Versatile Commercial Property Near Whitney

      Commercial property with main building, storage units, and secondary structure.
      4444 Fm 933, Whitney, TX 76692
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      9,600 SF

      Versatile Industrial/IOS Asset in Whitney

      Flexible industrial/IOS asset on 2.75 acres in Whitney, Texas.
      5778 Fm 933, Whitney, TX 76692
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    Similar Nearby for Sale

    • Contact for pricing
      78,843 SF

      Mixed-Use Property Near Lake

      Property with restaurant, bar, warehouse, and residential potential.
      439 Fm 2604, Whitney, TX 76692
      View Details
    • Contact for pricing
      6,900 SF

      Downtown Mixed-Use Investment Opportunity

      6900 SF mixed-use property in prime downtown location.
      101 E Washington Ave, Whitney, TX 76692
      View Details
    • $2,500,000
      2.00 Acres

      Turnkey Bar & Restaurant Business

      Thriving bar and restaurant near Lake Whitney for sale.
      3261 Fm 933, Whitney, TX 76692
      View Details
    • $2,500,000

      JJ's Roadhouse on FM 933

      Commercial property with restaurant/bar potential on FM 933.
      3261 Fm 933, Whitney, TX 76692
      View Details
    • New
      $380,000
      2,400 SF

      Versatile Commercial Property Near Whitney

      Commercial property with main building, storage units, and secondary structure.
      4444 Fm 933, Whitney, TX 76692
      View Details
    • Contact for pricing
      9,600 SF

      Versatile Industrial/IOS Asset in Whitney

      Flexible industrial/IOS asset on 2.75 acres in Whitney, Texas.
      5778 Fm 933, Whitney, TX 76692
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,264 SF

      Versatile Commercial Space For Lease

      Customizable 2,264 SF space with finish out allowance.
      5536 Fm 933, Whitney, TX 76692
      View Details
    • Contact for pricing

      Warehouse Space Available for Rent

      Warehouse space available for lease.
      619 E Jefferson Ave, Whitney, TX 76692
      View Details
    • $679 /Mo
      73,878 SF

      Furnished Office Spaces Available

      Multiple furnished office spaces for rent with included amenities.
      200 N San Jacinto St, Whitney, TX 76692
      View Details
    • $2,500 /Mo
      2,178 SF

      Customizable Office Space For Lease

      2264 SF customizable office space with finish out allowance.
      5536 Fm 933, Whitney, TX 76692
      View Details
    • Contact for pricing

      Versatile Land Lease with Office

      5.979-acre property suitable for various uses, with office space.
      1488 Hcr 2124 Loop, Whitney, TX 76692
      View Details
    • Contact for pricing
      2,000 SF

      Furnished Office Spaces Available

      Multiple furnished office spaces for rent with included amenities.
      200 N San Jacinto St, Whitney, TX 76692
      View Details
    View Listing
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    439 Fm 2604
    Whitney, TX 76692
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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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