Property profile

8350 State Hwy 155 Frankston, TX 75763

OFF-MARKET
Other commercial real estate
Property ID
US82-7316138
5,500 SF 0.72 ac lot Built 1984
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

A retail property located in Frankston, Texas, situated on a 0.719-acre parcel with frontage of more than 320 feet along Highway 155 and access from the highway. The building has a newly updated facade on the front and sides featuring a rustic ranch design, along with building and suite signage and a center name. The property is configured as multiple retail suites within a shopping center (including Suites #100, #200, and #300), and includes Space #400, which has been gutted and is set up for finish-out with new walls, primed and painted surfaces, new flooring, new light fixtures, and a new suspended ceiling. The development also includes a scrolling billboard sign and additional street signage; the property is positioned for retail use with high roadway visibility and convenient vehicular access from Highway 155.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1984
Total area 5,500 SF
Lot 0.72 ac (31,320 SF)
APN 0624-0020-0B20-10
UPID US82-7316138

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Location

8350 State Hwy 155 Frankston, TX 75763-4016
Frankston metro Census 951401 ATHENS, TX MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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