Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    116 N Main Ave Denver City, TX 79323

    View on Map
    Sponsored
    For Sale
    $250,000

    SINGLE_FAMILY - Denver City, TX

    Type:Retail
    Property size:
    6,000 SF
    Lot size:
    0.16 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 9:06 am

    Property Features for 116 N Main Ave

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    1468
    Size
    6,000 SF
    Lot size
    0.16 Acres

    Building Details

    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Anna Neufeld

    Legacy West Realty, LLC (432) 758-9231

    Listing agent Anna Neufeld (432) 955-8618

    Listing date Mar 6, 2026

    MLS# 171956

    Copyright © 2026 Odessa Board 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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Commercial Building in Denver City

    This 6000 square foot commercial building in Denver City presents a prime commercial opportunity. The building, fully remodeled in 2025, features two offices, one bathroom, and a large storage room. It has concrete floors throughout, along with new electrical, plumbing, and air conditioning. The property offers great visibility and access, making it suitable for retail, office, warehouse, or service use. The lot size is 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail 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
    Denver City
    County
    Yoakum
    State
    Texas
    Longitude
    -102.8894306
    Latitude
    32.9862444

    Nearby Similar for Sale

    • $150,000
      2,790 SF

      Versatile Commercial Property, Denver City

      Commercial property near Main and 4th Street in Denver City.
      W 4Th St, Denver City, TX 79323
      View Details
    • New
      $250,000
      6,000 SF

      Remodeled Commercial Building in Denver City

      6000 sq ft remodeled commercial building suitable for various uses.
      Denver City, TX 79323
      View Details
    • $225,000
      8,616 SF

      Versatile Commercial Building with Truck Bays

      Well-equipped commercial property with truck bays and expansion potential.
      1493 Freeman Rd, Denver City, TX 79323
      View Details
    • $175,000
      2,790 SF

      Versatile Commercial Property in Denver

      Commercial property with shopfront, offices, workshop, and storage.
      W 4Th St, Denver City, TX 79323
      View Details
    • $350,000
      3,700 SF

      Denver City Multifamily Investment Property

      Quadruplex and duplex with six total units in Denver City.
      516 Avenue F N, Denver City, TX 79323
      View Details
    • $350,000
      12,500 SF

      Denver City Warehouse on 3.9 Acres

      Warehouse space on 3.9 acres with frontage on TX-83.
      1171 State Highway 83 U.S, Denver City, TX 79323
      View Details

    FAQs

    What type of property is this?
    Retail space - 6000 sq ft remodeled building ideal for retail/office/warehouse.
    Where is this retail space located?
    The property is located at 116 N Main Ave Denver City, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Prime commercial location in the heart of Denver City.; - 6000 sq. ft. fully remodeled in 2025.; - New electrical, new plumbing, and new air conditioning.
    (432) 955-8618
    Request Owner's contact information
    116 N Main Ave Denver City, TX 79323
    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.
    116 N Main Ave
    Denver City, TX 79323
    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
    116 N Main Ave Denver City, TX 79323
    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

    We can help!
    Listing Contact
    Anna Neufeld
    (432) 955-8618
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!