Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Historic Two-Unit Retail Building Title is generated by Realmo AI

    102 E Jacksboro Street, Chico, TX 76431

    View on Map
    Claim this Listing
    Picture of Storefront properties at 102 E Jacksboro Street, Chico, TX
    For Sale
    $275,000

    SINGLE_FAMILY - Chico, TX

    Type:Retail
    Lot size:
    0.06 Acres
    Added:
    May 16, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 102 E Jacksboro Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    On Street
    Standard status
    Active
    APN
    769347
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Description
    LOT 2 BLK 7 ORIGINAL CHICO
    Tax Annual Amount
    2501

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1905
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Simulatedwood
    Building materials
    StoneVeneer
    Roof type
    Flat

    We can help!

    Listing Contact
    SCOTT LOCKLEAR

    Listing agent SCOTT LOCKLEAR License #0468422

    Listing office The Real Estate Pro Shop Alvord, TX

    Listing date May 16, 2026

    MLS# 21273103

    Copyright © 2026 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.

    HighLights

    • Built in 1905 historic building with stone veneer exterior
    • 2 separate units (upstairs and down) with 2 separate entries
    • Central heating and central air conditioning
    • Public water and public sewer
    • Flat roof
    • Simulated wood flooring and on‑street parking

    Overview

    This vintage historic building was constructed in 1905 and is arranged as two separate units, with an upstairs and a downstairs layout. Each level has its own independent entry, providing clear separation for different tenants, concepts, or flexible operational use within one building.

    The property is located at 102 E Jacksboro Street in Chico, TX 76431, in Wise County. The two-unit configuration and separate entrances make it straightforward for visitors and occupants, while the building’s historic character offers a distinctive setting in the country community of Chico.

    For buyers, this is a compelling option for an owner-occupant or investor seeking a small, manageable retail asset with built-in separation. The dual entry setup can support multiple uses or tenants under one roof, while the preservation-minded appeal of a 1905 structure may resonate with operators looking for character and curb presence. Schedule a showing to see the layout and consider how the upstairs and downstairs units can fit your plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy Food Market Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Wise
    State
    Texas
    Longitude
    -97.793978
    Latitude
    33.295164

    Nearby Similar for Sale

    • $299,000

      Business - Chico, TX

      Storefront property for sale with high foot traffic.
      113 W Decatur St, Chico, TX 76431
      View Details
    • $275,000
      3,840 SF

      Historic Two-Unit Building

      Two separate street entries offer flexible use for an owner-occupant or separate tenants.
      102 E Jacksboro Street, Chico, TX 76431
      View Details
    • $299,000
      2,772 SF

      Functional Storefront in Chico Square

      Storefront property in Chico town square with high foot traffic.
      113 W Decatur Street, Chico, TX 76431
      View Details

    FAQs

    What type of property is this?
    Storefront property - Built in 1905, this vintage property offers two separate units with independent upstairs and downstairs entries.
    Where is this storefront property located?
    The property is located at 102 E Jacksboro Street Chico, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Built in 1905 historic building with stone veneer exterior; 2 separate units (upstairs and down) with 2 separate entries; Central heating and central air conditioning
    (940) 393-2727
    We can help!
    Listing Contact
    SCOTT LOCKLEAR
    Real Estate License ID: 0468422
    Request Owner's contact information
    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.

    More about this property
    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

    Thank You for Inquiry
    102 E Jacksboro Street, Chico, TX 76431
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!