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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    609 Broadway St Joshua, TX 76058-6155

    • Commercial real estate
    • 5,304 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3530440
    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

    • The Pines Pet Pampering / Pet Grooming Service

    Property Details for 609 Broadway St

    Year built
    2006
    Lot size
    0.70 lot acres
    Property size
    5,304 SF
    Property type
    Commercial real estate
    APN
    126.0547.00230
    APU
    126054700230

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $895,000
      6.5%
      $825,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $651,000
      Market price range: $344k - $976k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Joshua
    County
    Johnson
    State
    Texas
    Longitude
    -97.3789
    Latitude
    32.4831
    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
    $11,261
    $121,620
    $421,188
    $542,808
    -
    $121,620
    $421,188
    $542,808

    Comparable in this City

    • Value Estimation by Request
      2.04 Acres

      6632 County Rd 1022

      COMMERCIAL (GENERAL) • 2.04 Acres
      6632 County Rd 1022, Joshua, TX 76058-5049
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    • Value Estimation by Request
      815 SF

      103 Conveyor Dr

      COMMERCIAL (GENERAL) • 815 SF
      103 Conveyor Dr, Joshua, TX 76058-3080
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    • Value Estimation by Request
      2,920 SF

      997 Joshua Sta St

      COMMERCIAL (GENERAL) • 2,920 SF
      997 Joshua Sta St, Joshua, TX 76058-3340
      View Details
    • Value Estimation
      $940,000
      5,530 SF

      1036 Broadway St

      COMMERCIAL (GENERAL) • 5,530 SF
      1036 Broadway St, Joshua, TX 76058-5185
      View Details
    • Value Estimation
      $1,025,000
      7,500 SF

      5805 County Rd 915

      COMMERCIAL (GENERAL) • 7,500 SF
      5805 County Rd 915, Joshua, TX 76058
      View Details
    • Value Estimation
      $1,330,000
      8,025 SF

      3407 Wilshire Blvd

      COMMERCIAL (GENERAL) • 8,025 SF
      3407 Wilshire Blvd, Joshua, TX 76058-6157
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.41 Acres

      Joshua Commercial Land - 1.41 Acres

      Prime Commercial Lot, High Visibility, C-1 Zoning
      430 Broadway St, Joshua, TX 76058
      View Details
    • Contact for pricing
      105.10 Acres

      Prime 105-Acre Cleburne Land

      Chisholm Trail Parkway frontage, ideal for commercial/industrial development.
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    • $147,750
      0.85 Acres

      Joshua Commercial Land - Prime Location

      0.848-acre commercial lot, excellent access.
      1912 County Road 904, Joshua, TX 76058
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    • Contact for pricing
      1.38 Acres

      Joshua Commercial Land - 1.38 Acres

      High-visibility corner lot, ideal for commercial development.
      501 Broadway St, Joshua, TX 76058
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    • Contact for pricing
      0.36 Acres

      Joshua TX Corner Lot Investment

      Prime 0.36-acre commercial land, ideal for development.
      1728 County Road 904, Joshua, TX 76058
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    • Contact for pricing
      13.20 Acres

      Joshua, TX Commercial Land - 13.2 Acres

      Prime Agricultural & Commercial Land, High Traffic Area
      2127 Fm 917, Joshua, TX 76058
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    Similar Nearby for Lease

    • $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
    • 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
    • $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
      13,778 SF

      Proposed Office/Warehouse Space For Lease

      Proposed 13,778 SF office/warehouse with build-to-suit options.
      3941 Windmill Rd, 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
    • $1,000 /Mo
      186,437 SF

      Industrial Warehouse in Joshua, Texas

      1,200 sqft industrial warehouse with security and convenient access.
      410 N Broadway St, Joshua, TX 76058
      View Details
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    609 Broadway St
    Joshua, TX 76058-6155
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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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