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    Property profile & analytics

    500 Fm 1198 Muenster, TX 76252

    • Commercial real estate
    • 8,515 SF
    • 6.32 lot acres
    For Sale
    View listing
    $3,250,000
    Value Estimation
    Location Intelligence
    Property ID
    US82-6341624
    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

    • Commercial real estate

    Property Details for 500 Fm 1198

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    6.32 lot acres
    Property size
    8,515 SF
    Property type
    Commercial real estate
    APN
    26262
    APU
    26262

    Description

    This exceptional property in Muenster, Texas, offers a unique blend of commercial and residential space. The 8,000-square-foot mechanics shop presents a significant opportunity for a business venture, easily accommodating semi-trucks and large equipment. Adjacent to the shop is a substantial 4,912-square-foot, two-story Colonial-style home, perfect for comfortable country living. The home boasts a chef's dream kitchen, a large master suite with a jacuzzi tub and gas fireplace, and extensive custom woodwork and crown molding. Enjoy energy efficiency with a water well and geothermal HVAC system, further enhanced by double layers of foam insulation, resulting in low utility bills. Outdoor living is maximized with a giant back porch equipped with gas and outdoor sound for entertaining. The property sits on 13.57 acres, providing ample space and gorgeous views of pastures and rolling countryside, while still maintaining convenient access to town. This turnkey property is ideal for someone seeking a blend of business and residential living in a peaceful, rural setting. The property's size and features make it suitable for a variety of uses, from automotive repair to other commercial ventures. The combination of a large workshop and a luxurious home makes this a truly unique opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Muenster
    County
    Cooke
    State
    Texas
    Longitude
    -97.3108
    Latitude
    33.641
    CBSA code
    23620
    CBSA name
    GAINESVILLE, TX MICROPOLITAN STATISTICAL AREA

    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
    $3,123
    $35,825
    $143,007
    $178,832
    -
    $146,047
    $143,007
    $289,054

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    500 Fm 1198
    Muenster, TX 76252
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    Realmo Value Estimation

    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.

    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.

    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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