Sign Up Successful!
You now have access to more from Realmo!
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    Dean Jennings, Mount Pleasant, TX

    License ID: 0700472
    Years of Experience
    6
    Association
    Titus Camp Morris Upshur Board Of Realtors

    Service Locations

    Contact details

    Phone:
    (903) 380-2657
    Office Address:
    2413 FM 1402, Mount Pleasant, TX 75455

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    11
    Total transactions
    28
    Total transactions amount
    $5M
    Price range
    $119k - 269k
    Average price
    $179k

    Listings

    For Sale (11)

    View map
    • $995,000
      89.40 Acres

      Expansive Acreage in Mt Pleasant

      89.4 acres of vacant land near downtown Mt Pleasant, TX.
      Tbd Cecelia, Mount Pleasant, TX 75455
      View Details
    • $156,420
      15.80 Acres

      Omaha, TX Vacant Land Parcel

      15.8-acre vacant land ideal for residential or recreational development.
      4325 Tract 1, Omaha, TX 75571
      View Details
    • $137,060
      15.40 Acres

      Omaha, TX Vacant Land Parcel

      15.4 acres of vacant land suitable for residential or recreational use.
      4325 Tract 2, Omaha, TX 75571
      View Details
    • $136,170
      15.30 Acres

      Omaha, TX Vacant Land

      15.3 acres of vacant land with development potential.
      4325 Tract 3, Omaha, TX 75571
      View Details
    • $2,650,000
      2.90 Acres

      Prime Commercial Land Opportunity

      High-visibility commercial land for development in revitalized Mount Pleasant.
      101 W 16Th St, Mount Pleasant, TX 75455
      View Details
    • $169,000
      0.17 Acres

      Commercial Land in Downtown

      Commercial land for development in the heart of Mt Pleasant.
      116 N Jefferson St, Mount Pleasant, TX 75455
      View Details
    • $1,090,000
      100.00 Acres

      100 Acres Hunting Land, Mt Pleasant

      Exceptional 100 acre tract with mature trees and abundant wildlife.
      N Dessie Dr, Mount Pleasant, TX 75455
      View Details
    • New
      $139,000
      7.63 Acres

      Undeveloped Land Near Schools

      7.63 acres of undeveloped land in Mt. Pleasant, Texas.
      Tbd Gene Dr, Mount Pleasant, TX 75455
      View Details
    • $299,900
      2.00 Acres

      Commercial Land in Mt Pleasant

      2-acre commercial land with high traffic exposure near I-30.
      W Ferguson Rd, Mount Pleasant, TX 75455
      View Details
    • $370,637
      46.91 Acres

      Expansive Acreage in Titus County

      46+ acre property perfect for a dream home or recreation.
      Tbd Cr 4325, Omaha, TX 75571
      View Details
    • $89,900
      1.60 Acres

      Residential Land Near Private Lake

      1.6 acre residential lot with private lake access.
      000 W Ferguson Rd, Mount Pleasant, TX 75455
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Dean Jennings, Mount Pleasant, TX
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Send Message to
    Dean Jennings, Mount Pleasant, TX
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    (903) 380-2657
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.