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1481 W South Loop
Stephenville, TX 76401
Retail Property For Sale
Investment Highlights
- 16,640 SF Multi-Tenant Retail Center
- 100% Occupied
- Value Add Through Future Rent Growth
- Asking Price: $2,200,000
- No Near-Term Capital Needs
- Offered Below Replacement Cost
Executive Summary
• Located on Stephenville’s primary retail corridor
• Established tenant base with several long-term occupants
• Recent capital improvements completed in 2024
• Opportunity for future rental growth and value creation
• Strong visibility and accessibility along W. South Loop
• Regional trade area serving Stephenville and surrounding
communities
Home to Tarleton State University, one of the
fastest-growing universities in Texas
• Regional retail hub serving Stephenville, Erath
County, and surrounding communities
• Over 26,800 residents within a 5-mile radius
• Strong employment base driven by education,
healthcare, agriculture, and retail
• Continued population and economic growth
• Minutes from Tarleton State University
• Convenient Access and Visibility Along US 377/South
Loop
• Established tenant base with several long-term occupants
• Recent capital improvements completed in 2024
• Opportunity for future rental growth and value creation
• Strong visibility and accessibility along W. South Loop
• Regional trade area serving Stephenville and surrounding
communities
Home to Tarleton State University, one of the
fastest-growing universities in Texas
• Regional retail hub serving Stephenville, Erath
County, and surrounding communities
• Over 26,800 residents within a 5-mile radius
• Strong employment base driven by education,
healthcare, agriculture, and retail
• Continued population and economic growth
• Minutes from Tarleton State University
• Convenient Access and Visibility Along US 377/South
Loop
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
16,640 SF
Building Class
C
Year Built
1977
Price
$2,200,000
Price Per SF
$132.21
Cap Rate
8%
NOI
$176,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.19 AC
Zoning
B2 - Commercial Business
Parking
100 Spaces (6.01 Spaces per 1,000 SF Leased)
Frontage
123’ on West South Loop
Property Taxes
| Parcel Number | R000033788 | Improvements Assessment | $666,280 |
| Land Assessment | $260,060 | Total Assessment | $926,340 |
Property Taxes
Parcel Number
R000033788
Land Assessment
$260,060
Improvements Assessment
$666,280
Total Assessment
$926,340
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