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    604 State Highway 31 Trinidad, TX 75163

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    604 State Highway 31 Trinidad, TX 75163

    View on Map
    • Commercial real estate
    • 1,980 SF
    • 0.71 lot acres
    Off-Market
    Property ID
    US82-6912934
    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

    • Commercial real estate

    Property Details for 604 State Highway 31

    Year built
    2001
    Lot size
    0.71 lot acres
    Property size
    1,980 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 604 E State Highway 31 in Trinidad, Texas, presents a unique investment opportunity. Boasting 1,980 square feet on a 0.71-acre lot, this property benefits from high visibility due to its double road frontage on the heavily trafficked Highway 31, situated conveniently between Malakoff and Corsicana. Recent improvements include new pipe fencing and a gate, enhancing security and accessibility. The electrical system has been upgraded with a new breaker box, ensuring reliable power. An older survey indicates a total acreage of 0.71 acres. The main building includes a 320-square-foot area suitable for conversion into living quarters or office space. A full bathroom with a shower and toilet is present, along with a kitchenette requiring some renovation. Ample storage is available, featuring a carport shed area at the front and additional space at the rear in varying conditions, ideal for equipment storage. A motor lift is located within one of the bays. Convenient multi-car carport parking is available on the State Highway side, and a secondary gate provides access from a side street. This property's versatile layout and prime location make it an ideal choice for a variety of commercial uses. The asking price is $230,000.

    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
    Trinidad
    County
    Henderson
    State
    Texas
    Longitude
    -96.08494
    Latitude
    32.14921

    Comparable in this City

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      Waterfront Lot in Trinidad, TX

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      Vacant Lot Near Cedar Creek

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      Waterfront Land in Trinidad, TX

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      Trinidad Acreage with Metal Building

      5-acre estate with metal building near Highway 31.
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    Similar Nearby for Sale

    • $689,000
      0.20 Acres

      Waterfront Lot in Trinidad, TX

      Residential waterfront lot with mature trees and open-water views.
      Tbd Tampico Ln, Trinidad, TX 75163
      View Details
    • $60,000
      0.21 Acres

      Vacant Lot Near Cedar Creek

      Vacant lot with lake access in site-built-homes neighborhood.
      Tbd Rocking Chair Rnch, Trinidad, TX 75163
      View Details
    • Contact for pricing
      0.11 Acres

      Beachwood Estates Land for Sale

      0.112-acre lot with lake access and community amenities.
      87 Westwood Dr, Trinidad, TX 75163
      View Details
    • Contact for pricing
      0.20 Acres

      Residential Lot Near Cedar Creek

      0.201 acre residential lot near Cedar Creek Lake.
      Tbd Hwy 274, Trinidad, TX 75163
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    • $38,000
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      Land Near Cedar Creek Lake

      Unimproved land with utilities and lake access in Trinidad, TX.
      103 Bar T Pkwy, Trinidad, TX 75163
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    • $159,000
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      Waterfront Land in Trinidad, TX

      Waterfront lot near boat launch, ideal for building a home.
      306 Circle Ranch Rd, Trinidad, TX 75163
      View Details
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    604 State Highway 31
    Trinidad, TX 75163
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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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