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

    510 Locust St Whitesboro, TX 76273

    • Commercial real estate
    • 3,000 SF
    • 1.00 lot acres
    For Sale
    View listing
    $995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4153208
    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

    • Stevens Oilfield Services Llc / Oilfield

    Property Details for 510 Locust St

    Year built
    1998
    Lot size
    1.00 lot acres
    Property size
    3,000 SF
    Property type
    Commercial real estate
    APN
    W007 104209903
    APU
    W007104209903

    Description

    This exceptional commercial property in Whitesboro, Texas, presents a unique investment opportunity. Situated on a highly visible corner lot spanning two acres, the property boasts a substantial 3,000 square foot insulated metal building. The building features four large roll-up doors, ideal for loading and unloading, along with two convenient entry doors. A spacious front office area provides administrative space, while an upstairs area offers additional versatility. The building also includes a well-equipped shop area, perfect for various business needs. Extensive concrete aprons and ample gravel parking ensure convenient access and ample space for vehicles and equipment. The property further benefits from covered storage for larger vehicles and equipment, adding to its functionality. Its strategic location offers excellent frontage on two sides, providing maximum visibility from Highway 377. The property's proximity to Highway 82 provides easy access to major transportation routes, enhancing its appeal to a wide range of businesses. This turnkey property is ready for immediate occupancy and presents a compelling opportunity for entrepreneurs and investors alike. The asking price is $1,030,000.

    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
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.8955
    Latitude
    33.651
    CBSA code
    43300
    CBSA name
    SHERMAN-DENISON, 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
    2022
    $2,967
    $66,211
    $84,304
    $150,515
    -
    $66,211
    $84,304
    $150,515

    Comparable in this City

    • Value Estimation by Request
      0.75 Acres

      82 And Us Hwy

      Restaurants • 0.75 Acres
      82 And Us Hwy, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      0.40 Acres

      Old Town Rd

      COMMERCIAL (GENERAL) • 0.40 Acres
      Old Town Rd, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      2.97 Acres

      Us Hwy 377th N

      COMMERCIAL (GENERAL) • 2.97 Acres
      Us Hwy 377th N, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      0.92 Acres

      Whitesboro, TX 76273

      COMMERCIAL (GENERAL) • 0.92 Acres
      Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      5.00 Acres

      Whitesboro, TX 76273

      COMMERCIAL (GENERAL) • 5.00 Acres
      Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      2,496 SF

      615 Un St

      COMMERCIAL (GENERAL) • 2,496 SF
      615 Un St, Whitesboro, TX 76273-1006
      View Details

    Similar Nearby for Sale

    • $1,200,000
      11.41 Acres

      Prime 11-Acre Hwy 56 Tract

      Texas farmland with commercial potential
      0 11.406 Acres Hwy 56, Whitesboro, TX 76273
      View Details
    • Contact for pricing
      0.75 Acres

      Whitesboro Hwy 82 Commercial Lots

      Three prime commercial lots, Hwy 82 frontage.
      82 And Us Hwy 377, Whitesboro, TX 76273
      View Details
    • $650,000
      3,000 SF

      Whitesboro Commercial Warehouse

      Texas Warehouse: Investment Opportunity
      23350 Us-377 Lot- A Whitesboro Tx 76273, Whitesboro, TX 76273
      View Details
    • $1,350,000
      2.61 Acres

      High-Visibility Whitesboro Commercial Land

      Prime 2.6-Acre Commercial Lot, High Traffic
      307 Us-377, Whitesboro, TX 76273
      View Details
    • $375,000
      25.00 Acres

      25 Acres Commercial Land, Whitesboro, TX

      Prime 25-acre commercial tract near Red River.
      0 County Road 127, Whitesboro, TX 76273
      View Details
    • $3,300,000
      20.59 Acres

      Whitesboro Industrial Property - 20 Acres

      Texas Warehouse & Land Investment Opportunity
      22534 State Highway 56, Whitesboro, TX 76273
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Whitesboro Retail/Office Space

      New construction, flexible suites, prime location.
      0 Union St, Whitesboro, TX 76273
      View Details
    • $2,000 /Mo

      Commercial Property for Rent

      Commercial property available for rent in Whitesboro, Texas.
      1277 B Gunter Rd, Whitesboro, TX 76273
      View Details
    • $2,325 /Mo
      84,942 SF

      Remodeled Commercial Building in Whitesboro, TX

      Versatile, newly remodeled commercial building with multiple units for lease.
      27790 State Highway 56, Whitesboro, TX 76273
      View Details
    • $200 SF/Yr
      15,333 SF

      Storage Space in Whitesboro, TX

      Storage units for boats, cars, furniture, and more available.
      409 W Main St, Whitesboro, TX 76273
      View Details
    • $6,500 /Mo
      65,340 SF

      Versatile Industrial Space in Whitesboro

      5,000 sq ft industrial building with office and ample parking.
      23350 Us Highway 377, Whitesboro, TX 76273
      View Details
    • $6,130 /Mo
      61,376 SF

      Retail Opportunity in Whitesboro, TX

      Retail property in growing Whitesboro, TX, near major highways.
      0000 Us-377-Br, Whitesboro, TX 76273
      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.
    510 Locust St
    Whitesboro, TX 76273
    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.