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    Versatile Commercial Property with Yard Title is generated by Realmo AI

    1105 Washington St., Commerce, TX 75428

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    Claim this Listing
    For Sale
    $240,000

    COMMERCIAL - Commerce, TX

    Lot size:
    1.39 Acres
    Added:
    Apr 19, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 1105 Washington St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.39 Acres

    Building Details

    Number of units
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Joshua Ryan

    Listing agent Joshua Ryan

    Listing office United Country H5 Auction and Realty 801 N Fredonia Street, Longview, TX

    Listing date Apr 19, 2026

    MLS# 20262720

    Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Flexible commercial zoning allows for diverse business uses.
    • Convenient location on Washington St. in Commerce, TX, with easy access and directly across from public parking.
    • Solid building ready to be finished for immediate use.
    • Concrete pad with covered areas suitable for storage, workspace, equipment, or outdoor space.
    • Entire property is fenced for privacy and security.
    • Railroad access alongside the property may be beneficial for certain businesses.

    Overview

    This versatile commercial property on Washington St. includes a solid building at the front designed to be finished out for office, retail, or service use. Toward the back and along the sides, the site features a concrete pad with covered areas already in place, offering practical space for storage, workspace, equipment, or even a sitting area depending on the business concept. The property is fully fenced for privacy and security.

    The location provides easy access from Washington St. and places the site directly across from public parking, supporting convenience for customers and day-to-day operations. A railroad runs alongside the property and may be relevant for certain types of businesses based on how they utilize logistics or access.

    Zoned commercial, the configuration supports a range of investment and operating needs, from a small business location to a yard-style setup with work areas and storage. With an adaptable front building and functional covered outdoor space, it presents a straightforward option for buyers seeking a property that can be tailored to multiple commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Hunt
    State
    Texas
    Longitude
    -95.9012943
    Latitude
    33.252033

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    FAQs

    What type of property is this?
    Flex space - Flexible commercial building with fenced yard, covered pads, and adaptable space for office, retail, or service operations.
    Where is this flex space located?
    The property is located at 1105 Washington St. Commerce, TX.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Flexible commercial zoning allows for diverse business uses.; Convenient location on Washington St. in Commerce, TX, with easy access and directly across from public parking.; Solid building ready to be finished for immediate use.
    (903) 807-8801
    We can help!
    Listing Contact
    Joshua Ryan
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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.

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