Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    501 Broadway St Joshua, TX 76058-3130

    • Commercial land
    • 1.66 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2631440
    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

    • Motel 6 Joshua, TX / Motel / Hotel

    Property Details for 501 Broadway St

    Lot size
    1.66 lot acres
    Property type
    Commercial land
    APN
    126.3547.01030
    APU
    126354701030

    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
    Joshua
    County
    Johnson
    State
    Texas
    Longitude
    -97.3838
    Latitude
    32.456
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN 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
    2018
    $6,260
    $217,582
    $0.00
    $217,582
    -
    $217,582
    $0.00
    $217,582

    Comparable in this City

    • Value Estimation by Request
      1.52 Acres

      Ww Fm 917

      VACANT COMMERCIAL LAND • 1.52 Acres
      Ww Fm 917, Joshua, TX 76058
      View Details
    • Value Estimation by Request
      3.51 Acres

      3305 Cobbler Ln

      VACANT COMMERCIAL LAND • 3.51 Acres
      3305 Cobbler Ln, Joshua, TX 76058-6429
      View Details
    • Value Estimation by Request
      2.90 Acres

      199 Conveyor Dr

      VACANT COMMERCIAL LAND • 2.90 Acres
      199 Conveyor Dr, Joshua, TX 76058-3091
      View Details
    • Value Estimation by Request
      2.87 Acres

      199 Conveyor Dr

      VACANT COMMERCIAL LAND • 2.87 Acres
      199 Conveyor Dr, Joshua, TX 76058-3091
      View Details
    • Value Estimation by Request
      0.28 Acres

      Wilshire Blvd

      VACANT COMMERCIAL LAND • 0.28 Acres
      Wilshire Blvd, Joshua, TX 76058
      View Details
    • Value Estimation by Request
      0.44 Acres

      448 Broadway St

      VACANT COMMERCIAL LAND • 0.44 Acres
      448 Broadway St, Joshua, TX 76058-3411
      View Details

    Similar Nearby for Sale

    • $395,000
      3.26 Acres

      3.26 Acres of Commercial Land

      Unimproved land with panoramic views and commercial zoning.
      397 Clubhouse Dr, Joshua, TX 76058
      View Details
    • $985,000
      16.94 Acres

      16.94 Acres in Joshua, TX

      16.942 acres in commercial corridor with road frontage.
      2312 W Fm 917, Joshua, TX 76058
      View Details
    • Contact for pricing

      Corner Pad Site Land Available

      Hard corner pad site available for retail or office.
      1900 County Road 904, Joshua, TX 76058
      View Details
    • $900,000
      52.50 Acres

      Joshua Land Development Opportunity

      52.5 acres of land suitable for mixed-use development.
      2800 County Road 911, Joshua, TX 76058
      View Details
    • $2,100,000
      13.95 Acres

      Joshua, TX Unimproved Development Land

      13.951 acres of land zoned for planned development.
      200 W Indian Hills Rd, Joshua, TX 76058
      View Details
    • $400,000
      0.70 Acres

      Land in Prime Cleburne Location

      Unimproved land available in a prime location between Cleburne and Joshua.
      4204 N Main St, Cleburne, TX 76058
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Corner Pad Site

      1.67-acre pad site for lease at a hard-corner intersection.
      399 Mcmillain St, Joshua, TX 76058
      View Details
    • Contact for pricing
      29,970 SF

      Joshua Retail Building - Prime Location

      Free-standing retail building, high traffic area.
      997 Joshua Station Blvd, Joshua, TX 76058
      View Details
    • $2,000 /Mo
      186,437 SF

      Industrial Warehouse in Joshua, Texas

      2,400 sqft warehouse with security, ideal for small business.
      410 N Broadway St, Joshua, TX 76058
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space on SH 174

      Retail spaces available along SH 174 in Joshua, Texas.
      1038 S Broadway St, Joshua, TX 76058
      View Details
    • $16 SF/Yr
      2,425 SF

      Retail Space on Highway 174

      Retail space with high visibility and ample parking available.
      518-520 N Broadway St, Joshua, TX 76058
      View Details
    • $16 SF/Yr
      6,400 SF

      Retail Space on Broadway Street

      Renovated retail space with high visibility and ample parking.
      520 N Broadway St, Joshua, TX 76058
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Broadway St
    Joshua, TX 76058-3130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.