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

    702 W Pearl St Granbury, TX 76048

    • Commercial real estate
    • 3,525 SF
    For Sale
    View listing
    $1,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2200824
    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

    • BBVA Bank / Bank / Loan Service
    • ATM / Atm

    Property Details for 702 W Pearl St

    Property size
    3,525 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,525-square-foot retail space presents a unique investment opportunity in the heart of Granbury, Texas. Located at 702 W Pearl St, this single-tenant property sits on a sizable 1.05-acre lot, offering ample space and visibility. Previously a bank branch, the building boasts a substantial footprint, ideal for a variety of retail uses. The entire 3,525 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. Its prime location at the corner of S Morgan and W Pearl Streets in downtown Granbury ensures high foot traffic and excellent exposure to potential customers. The property is situated in Hood County, Texas, and benefits from the vibrant and growing Granbury community. The address is 702 W Pearl St, Granbury, TX 76048. This property offers a rare chance to acquire a substantial retail space in a desirable downtown location. The large lot size provides potential for future expansion or additional development. The property's former use as a bank suggests a strong structural foundation and secure build quality. This is an excellent opportunity for an investor or business owner seeking a prominent retail presence in a thriving Texas town.

    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
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.7944406
    Latitude
    32.4426122

    Comparable in this City

    • $1,700 /Mo
      34,238 SF

      Granbury Retail or Office Space

      Retail or office space near Granbury Square and Highway 377.
      340 S Morgan St, Granbury, TX 76048
      View Details
    • $610 /Mo

      Granbury Flex, Retail, Office Space

      Customizable space for retail, office, or light industrial use.
      3501 Tin Top Hwy, Granbury, TX 76048
      View Details
    • $3,000 /Mo

      New Commercial Building for Lease

      New construction commercial building suitable for office, retail, or flex space.
      901 Tucker Way, Granbury, TX 76048
      View Details
    • $3,000 /Mo

      Unfinished Retail Space Available

      Unfinished retail space with high traffic location.
      2801 B Weatherford Hwy, Granbury, TX 76048
      View Details
    • $7,700 /Mo
      55,495 SF

      New Commercial Building in Granbury

      New construction commercial building suitable for office, retail, or medical use.
      901 Tucker Way, Granbury, TX 76048
      View Details
    • Contact for pricing
      1,902 SF

      Retail Spaces in Granbury Center

      Retail spaces available in shopping center anchored by Brookshire's.
      1301-1417 S Morgan St, Granbury, TX 76048
      View Details

    Similar Nearby for Sale

    • $1,000,000
      3,525 SF

      Former Bank Branch For Sale

      Former bank branch available at a prominent downtown corner.
      702 W Pearl St, Granbury, TX 76048
      View Details
    • $3,679,000
      13,368 SF

      Granbury Retail Property For Sale

      Freestanding retail property with absolute NNN lease in Granbury, TX.
      1101 E Us Highway 377, Granbury, TX 76048
      View Details
    • $5,843,500
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      Granbury Retail Property For Sale

      30,000 SF retail property in Granbury, Texas.
      1315 Waters Edge Dr, Granbury, TX 76048
      View Details
    • $3,200,000
      28,517 SF

      Granbury TX Storage Portfolio

      Income-producing commercial portfolio with 263 storage units and parking spaces.
      1317 Mambrino Hwy, Granbury, TX 76048
      View Details
    • $1,400,000
      0.26 Acres

      Turnkey Granbury Square Opportunity

      Remodeled historic building suitable for various business ventures.
      111 S Houston St, Granbury, TX 76048
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    • $1,250,000
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      Granbury Turnkey Business Opportunity

      Turnkey property on 2.357 acres with highway access.
      1817 S Morgan St, Granbury, TX 76048
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    Similar Nearby for Lease

    • $1,700 /Mo
      34,238 SF

      Granbury Retail or Office Space

      Retail or office space near Granbury Square and Highway 377.
      340 S Morgan St, Granbury, TX 76048
      View Details
    • $610 /Mo

      Granbury Flex, Retail, Office Space

      Customizable space for retail, office, or light industrial use.
      3501 Tin Top Hwy, Granbury, TX 76048
      View Details
    • $3,000 /Mo

      New Commercial Building for Lease

      New construction commercial building suitable for office, retail, or flex space.
      901 Tucker Way, Granbury, TX 76048
      View Details
    • $3,000 /Mo

      Unfinished Retail Space Available

      Unfinished retail space with high traffic location.
      2801 B Weatherford Hwy, Granbury, TX 76048
      View Details
    • $7,700 /Mo
      55,495 SF

      New Commercial Building in Granbury

      New construction commercial building suitable for office, retail, or medical use.
      901 Tucker Way, Granbury, TX 76048
      View Details
    • Contact for pricing
      1,902 SF

      Retail Spaces in Granbury Center

      Retail spaces available in shopping center anchored by Brookshire's.
      1301-1417 S Morgan St, Granbury, TX 76048
      View Details
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    702 W Pearl St
    Granbury, TX 76048
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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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