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    Property profile & analytics

    8783 Fm 1201 Gainesville, TX 76240-0576

    • Grocery and convenience stores
    • 3,411 SF
    • 1.17 lot acres
    OFF-MARKET
    Last Sale
    Apr 21, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8553200
    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

    • Grocery and convenience stores

    Property Details for 8783 Fm 1201

    Lot size
    1.17 lot acres
    Property size
    3,411 SF
    Property type
    Grocery and convenience stores
    APN
    109036
    APU
    109036

    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
    Gainesville
    County
    Cooke
    State
    Texas
    Longitude
    -97.2151
    Latitude
    33.7549
    CBSA code
    23620
    CBSA name
    GAINESVILLE, TX MICROPOLITAN 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
    2022
    $4,821
    $63,817
    $316,187
    $380,004
    -
    $63,817
    $316,187
    $380,004

    Comparable in this City

    • Value Estimation
      $2,030,000
      37,140 SF

      206 Grand Ave

      GROCERY, SUPERMARKET • 37,140 SF
      206 Grand Ave, Gainesville, TX 76240-4320
      View Details
    • Value Estimation by Request
      6,592 SF

      7520 Hwy 82

      CONVENIENCE STORE • 6,592 SF
      7520 Hwy 82, Gainesville, TX 76240
      View Details
    • Value Estimation
      $735,000
      6,939 SF

      946 Hwy 82

      CONVENIENCE STORE • 6,939 SF
      946 Hwy 82, Gainesville, TX 76240
      View Details
    • Value Estimation
      $1,085,000
      11,880 SF

      1200 Interstate 35

      CONVENIENCE STORE • 11,880 SF
      1200 Interstate 35, Gainesville, TX 76240-4640
      View Details
    • Value Estimation by Request
      2,570 SF

      1802 Hwy 82

      CONVENIENCE STORE • 2,570 SF
      1802 Hwy 82, Gainesville, TX 76240-2326
      View Details
    • Value Estimation by Request
      2,257 SF

      1517 Weaver St

      CONVENIENCE STORE • 2,257 SF
      1517 Weaver St, Gainesville, TX 76240-2626
      View Details

    Similar Nearby for Sale

    • $1,732,500
      10,500 SF

      Net Leased Family Dollar Store

      New construction Family Dollar store with corporate guarantee.
      5325 Fm 902, Gainesville, TX 76240
      View Details
    • $679,000
      0.31 Acres

      Downtown Gainesville Retail/Office Opportunity

      Four units near courthouse with retail/office potential. Owner financing available.
      710 E California St, Gainesville, TX 76240
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    • New
      $265,000
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      Historic Downtown Gainesville Brick Building

      1,750 sq ft brick building in historic downtown Gainesville.
      323 N Commerce St, Gainesville, TX 76240
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    • $2,249,000
      1.01 Acres

      Prime Commercial Acreage in Gainesville

      High-traffic commercial property with multiple income streams and development potential.
      700 Highway 82 W, Gainesville, TX 76240
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    • $349,000
      2.98 Acres

      Highway Frontage Commercial Land

      3 acres with shop, utilities, and highway frontage.
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    • $265,000

      Historic Downtown Gainesville Brick Building

      1,750 sq ft building in historic downtown Gainesville, Texas.
      323 N Commerce St, Gainesville, TX 76240
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    Similar Nearby for Lease

    • $2,000 /Mo
      41,818 SF

      Gainesville Commercial Building For Lease

      Single-story commercial building with high visibility off I-35.
      2105 N Interstate 35 N, Gainesville, TX 76240
      View Details
    • $1,575 /Mo
      13,460 SF

      Downtown Gainesville Retail Space Available

      Retail space in downtown Gainesville, near courthouse and I-35.
      712 E California St, Gainesville, TX 76240
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Walmart Center

      Retail space available in Walmart-anchored shopping center.
      1501 N Grand Ave, Gainesville, TX 76240
      View Details
    • Contact for pricing
      12,000 SF

      Great Lakes Center Retail Space

      Prime Cooke County Retail Strip Center
      905 Us Highway 82, Gainesville, TX 76240
      View Details
    • $849 /Mo
      85,378 SF

      Gainesville Warehouse Storage Stalls

      Storage stalls available for lease in Gainesville, Texas.
      517 E Broadway St, Gainesville, TX 76240
      View Details
    • $250 SF/Yr
      85,378 SF

      Gainesville Warehouse Space Available

      Warehouse or storage space near Downtown Gainesville, approximately 1,000 square feet.
      517 E Broadway St, Gainesville, TX 76240
      View Details
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    8783 Fm 1201
    Gainesville, TX 76240-0576
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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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