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    617 Main St Whitehouse, TX 75791

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    617 Main St Whitehouse, TX 75791

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    • Commercial real estate
    • 0.63 lot acres
    Off-Market
    Property ID
    US82-3465174
    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 617 Main St

    Lot size
    0.63 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.631-acre residential lot in Whitehouse, TX, presents a unique opportunity to build a custom home. Located on 617 E Main St, in Smith County, zip code 75791, this property boasts a highly desirable location adjacent to Whitehouse Middle School, offering unparalleled convenience for families. The spacious lot provides ample room for a substantial home and generous outdoor living space. All essential utilities—water, electricity, and sewer—are readily available, simplifying the construction process. This peaceful neighborhood provides easy access to local amenities, schools, and parks, making it an ideal setting for comfortable living. The asking price is $89,900. This prime lot represents a rare chance to own a piece of land in a highly sought-after area of Whitehouse, Texas. Don't miss this opportunity to create your dream home in a thriving community. The property's coordinates are 32.2269401 latitude and -95.2163089 longitude.

    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
    Whitehouse
    County
    Smith
    State
    Texas
    Longitude
    -95.2163089
    Latitude
    32.2269401

    Comparable in this City

    • $299,000
      2,084 SF

      Whitehouse, TX Duplex Investment

      Fully occupied duplex in Whitehouse, TX with leases through 2027.
      7741 County Road 2307, Whitehouse, TX 75791
      View Details
    • $8,900,500
      4.83 Acres

      Multifamily Investment in Whitehouse, Texas

      Gated multifamily community near schools and universities with strong occupancy.
      101 Maji Rd, Whitehouse, TX 75791
      View Details
    • $85,000
      0.71 Acres

      Spacious Homesite in Gated Community

      Large lots in Whitehouse ISD, convenient to Tyler.
      10880 North 40, Whitehouse, TX 75791
      View Details
    • $80,000
      0.62 Acres

      Spacious Homesite in Gated Community

      Large homesite in Whitehouse ISD, convenient to Tyler.
      10906 North 40, Whitehouse, TX 75791
      View Details
    • $80,000
      0.56 Acres

      Spacious Homesites in Gated Community

      Over 1/2 acre lots in Whitehouse ISD.
      11117 Back 40, Whitehouse, TX 75791
      View Details
    • $80,000
      0.56 Acres

      Spacious Homesites in Gated Community

      Over 1/2 acre lots in Whitehouse ISD.
      11155 Back 40, Whitehouse, TX 75791
      View Details

    Similar Nearby for Sale

    • $299,000
      2,084 SF

      Whitehouse, TX Duplex Investment

      Fully occupied duplex in Whitehouse, TX with leases through 2027.
      7741 County Road 2307, Whitehouse, TX 75791
      View Details
    • $8,900,500
      4.83 Acres

      Multifamily Investment in Whitehouse, Texas

      Gated multifamily community near schools and universities with strong occupancy.
      101 Maji Rd, Whitehouse, TX 75791
      View Details
    • $85,000
      0.71 Acres

      Spacious Homesite in Gated Community

      Large lots in Whitehouse ISD, convenient to Tyler.
      10880 North 40, Whitehouse, TX 75791
      View Details
    • $80,000
      0.62 Acres

      Spacious Homesite in Gated Community

      Large homesite in Whitehouse ISD, convenient to Tyler.
      10906 North 40, Whitehouse, TX 75791
      View Details
    • $80,000
      0.56 Acres

      Spacious Homesites in Gated Community

      Over 1/2 acre lots in Whitehouse ISD.
      11117 Back 40, Whitehouse, TX 75791
      View Details
    • $80,000
      0.56 Acres

      Spacious Homesites in Gated Community

      Over 1/2 acre lots in Whitehouse ISD.
      11155 Back 40, Whitehouse, TX 75791
      View Details

    Similar Nearby for Lease

    • $350 /Mo
      300 SF

      Office Unit in Whitehouse, TX

      Single office unit in Hillside Business Park for rent.
      15632 State Highway 110 S, Whitehouse, TX 75791
      View Details
    • Contact for pricing
      2,100 SF

      Warehouse Space in Whitehouse, TX

      Warehouse space for lease with dock high and grade door.
      308 State Highway 110 N, Whitehouse, TX 75791
      View Details
    • $1,000 /Mo
      2,100 SF

      Warehouse Space in Whitehouse, TX

      Warehouse space for lease near E Main and Hwy 110 N.
      308 State Highway 110 N, Whitehouse, TX 75791
      View Details
    • $1,500 /Mo
      1,600 SF

      Retail Space on High-Traffic Road

      1,600 SF retail space with high visibility in Whitehouse.
      1208 State Highway 110 n, Whitehouse, TX 75791
      View Details
    • $525 /Mo
      475 SF

      Office Space in Whitehouse, TX

      Office unit for rent in Hillside Business Park.
      15632 State Highway 110 S, Whitehouse, TX 75791
      View Details
    • $1,000 /Mo
      24,045 SF

      Warehouse Space in Whitehouse, TX

      Warehouse space for lease with dock high and grade-level doors.
      308 State Highway 110 N, Whitehouse, TX 75791
      View Details
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    Whitehouse, TX 75791
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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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    617 Main St, Whitehouse, TX, 75791

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