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    1008 S Virginia Ave Terrell, TX 75160

    For Sale
    $199,000

    Improved Land - Terrell, TX

    Lot size:
    0.93 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 10 at 5:06 am

    Property Features for 1008 S Virginia Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    31807
    Lot size
    0.93 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Architectural style
    Other

    Elite Township Properties (832) 491-9419

    Listing agent Richard Carranza (832) 594-0545 License #0562377

    Listing date Oct 4, 2025

    MLS# 21073074 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Land in Growing Terrell

    This mixed-use property in Terrell, TX, features two adjacent parcels being sold together. One parcel is commercially zoned (Tax ID 31808), and the other is residentially zoned (Tax ID 31807). The commercial lot offers visibility and accessibility along S. Virginia Avenue, suitable for a small business, office, salon, or boutique-style retail. The residential parcel, located next door, provides flexibility for a private office, small living quarters, staff accommodations, or overflow parking. Together, the parcels create a strategic space for live/work functionality or additional development potential. The residential structure on site may not meet today’s standards for a primary residence but could be repurposed to support the commercial operation. The property is located minutes from historic downtown Terrell and major thoroughfares, in a growing area with increasing demand for flexible-use spaces. The combined lot size is 0.9257 acres. This property offers potential for entrepreneurs, investors, or small business owners looking for a dual-zoned opportunity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.276921
    Latitude
    32.727736

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    FAQs

    What type of property is this?
    Mixed-use property - Two adjacent parcels, commercial and residential, ideal for flexible use.
    Where is this mixed-use property located?
    The property is located at 1008 S Virginia Ave Terrell, TX.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Two adjacent parcels (commercial and residential) being sold together, maximizing value and functionality.; - Strategic location with excellent visibility and accessibility on S. Virginia Avenue.; - Ideal for live/work setup, small business, or potential for additional development.
    (832) 594-0545
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    Terrell, TX 75160
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    Realmo Value Estimation

    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.

    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.

    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
    1008 S Virginia Ave Terrell, TX 75160
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