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Property profile & analytics
FOR SALE
Retail space

4397 Highway 199 E Reno, TX 76082

3,696 SF 0.38 ac lot
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US83-4007937
Property summary
AI-generated overview

This exceptional commercial property, located at 4397 E Hwy 199 in Springtown, Texas, offers a unique investment opportunity. Situated on a nearly one-acre lot (0.94 acres) at a busy four-way intersection, this 3,696 square foot building boasts high visibility with over 130 feet of highway frontage and over 300 feet of county road frontage, experiencing over 30,000 vehicles daily. Currently configured as a church, the property has a rich history, previously operating as a restaurant, demonstrating its adaptability to various uses. The single-story, 1995-built structure is zoned for commercial use and presents a chance for restoration or redevelopment. While some repairs are needed, the building's solid foundation and prime location make it a compelling investment. The property includes one building on a single story, and is comprised of one unit. The property's location in rapidly growing Springtown, Texas, and its ample space for parking or expansion, further enhance its potential. This is a rare opportunity to acquire a versatile commercial property in a thriving Texas market. The asking price is $425,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 3,696 SF
Lot 0.38 ac (16,596 SF)
APN 21381-016-000-00
UPID US83-4007937
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Fountain Of Faith Church · 19 yrs held
Fountain Of Faith Church
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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