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    824 N Main St Springtown, TX 76082
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    824 N Main St Springtown, TX 76082

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    • Commercial land
    • 892 SF
    For Sale
    $295,000
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    Commercial Property in Growing City For Sale
    $295,000
    892 SF

    Commercial Property in Growing City

    Commercial property with potential in a fast-growing city.

    824 N Main Street, Springtown, TX 76082
    View Listing
    Property ID
    US82-2228422
    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 land

    Property Details for 824 N Main St

    Year built
    1900
    Property size
    892 SF
    Property type
    Commercial land
    Property subtype
    Retail properties & Spaces

    Description

    Don’t miss this .3 ac Property for your business.Property goes to Ave A in the back. Contact the City of Springtown for more information on zoning. It’s a 2-1-1 wood frame home with a metal roof. Lots of potential in this fast growing city.

    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
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.685898
    Latitude
    32.977666

    Comparable in this City

    • $360,000
      2,006 SF

      Commercial Land in Prime Location

      Commercial land with C2 zoning, suitable for various businesses.
      444 S Main St, Springtown, TX 76082
      View Details
    • $285,500
      720 SF

      Springtown Retail Property - High Traffic!

      Prime .7-acre retail space, multiple buildings.
      1291 Hwy 199 Hwy, Springtown, TX 76082
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    • $350,000
      1,243 SF

      Springtown Retail Building - Main Street

      Prime Retail Space, High Growth Area
      614 Main St, Springtown, TX 76082
      View Details
    • $1,750,000
      8.99 Acres

      Unimproved Land with Metal Building

      8.99 acres of land with a new metal building.
      5394 W Hwy 199 Hwy, Springtown, TX 76082
      View Details
    • $350,000
      1.00 Acre

      Commercial Property with Two Metal Buildings

      One-acre commercial property with two buildings in a growing area.
      396 Goshen Rd, Springtown, TX 76082
      View Details
    • $380,000
      14.43 Acres

      14.43 Acres in Springtown, TX

      Unimproved land offering commercial opportunities and peaceful residential setting.
      8605 Highway 199 W, Springtown, TX 76082
      View Details

    Similar Nearby for Sale

    • $360,000
      2,006 SF

      Commercial Land in Prime Location

      Commercial land with C2 zoning, suitable for various businesses.
      444 S Main St, Springtown, TX 76082
      View Details
    • $285,500
      720 SF

      Springtown Retail Property - High Traffic!

      Prime .7-acre retail space, multiple buildings.
      1291 Hwy 199 Hwy, Springtown, TX 76082
      View Details
    • $350,000
      1,243 SF

      Springtown Retail Building - Main Street

      Prime Retail Space, High Growth Area
      614 Main St, Springtown, TX 76082
      View Details
    • $1,750,000
      8.99 Acres

      Unimproved Land with Metal Building

      8.99 acres of land with a new metal building.
      5394 W Hwy 199 Hwy, Springtown, TX 76082
      View Details
    • $350,000
      1.00 Acre

      Commercial Property with Two Metal Buildings

      One-acre commercial property with two buildings in a growing area.
      396 Goshen Rd, Springtown, TX 76082
      View Details
    • $380,000
      14.43 Acres

      14.43 Acres in Springtown, TX

      Unimproved land offering commercial opportunities and peaceful residential setting.
      8605 Highway 199 W, Springtown, TX 76082
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      43,560 SF

      Highway 199 Commercial Leasing Opportunity

      Commercial leasing opportunity on high-traffic Highway 199 in Springtown, TX.
      4902 Highway 199 E, Springtown, TX 76082
      View Details
    • $5,000 /Mo
      87,120 SF

      Highway Frontage Industrial Lease Opportunity

      Industrial lease with highway visibility, workspace, and yard in Springtown.
      501 Highway 199 W, Springtown, TX 76082
      View Details
    • $4,500 /Mo
      43,560 SF

      Climate-Controlled Warehouse Space Available

      Flexible warehouse space for lease near Highway 199.
      200 Land Of Goshen Dr, Springtown, TX 76082
      View Details
    • Contact for pricing

      Spacious Industrial Warehouse in Springtown

      Versatile industrial warehouse with open layout and strategic location.
      1715 N Fm Road 51, Springtown, TX 76082
      View Details
    • Contact for pricing
      1,721 SF

      Industrial Building with Storage Yard

      Industrial building featuring a storage yard and gated entry.
      3001 Highway 199 E, Springtown, TX 76082
      View Details
    • Contact for pricing
      3,200 SF

      Springtown Warehouse Space Available

      3,200 SF warehouse space for lease in Springtown, Texas.
      1715 Fm 51, Springtown, TX 76082
      View Details
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    Springtown, TX 76082
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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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