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    Remodeled Commercial Space in Hale Center Title is generated by Realmo AI

    117 W 4th Street, Hale Center, TX 79041

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    For Sale
    $90,000

    COMMERCIAL - Hale Center, TX

    Property size:
    1,144 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $78/SF
    Added:
    Feb 6, 2026
    Days on Market:
    92
    Last Refresh:
    May 9 at 3:06 pm

    Property Features for 117 W 4th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    19296
    Size
    1,144 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Description
    Ot Hc Blk 126 N/2-1&2
    Tax Annual Amount
    784

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1950
    Flooring type
    Plank, Vinyl
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Kristal Saenz

    Listing agent Kristal Saenz License #0669452

    Listing office Exit Realty of Lubbock 2405 W Loop 289, Ste 100, Lubbock, TX

    Listing date Feb 6, 2026

    MLS# 202601702

    Copyright © 2026 Lubbock 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

    • Owner financing available.
    • Remodeled and ready for immediate use as a barbershop studio.
    • High‑traffic corner lot with ample parking.
    • Versatile space suitable for various business ventures (retail, salon, etc.) or residential conversion.
    • Includes 4 rooms, 2 restrooms, laundry, and service area.
    • Modern interior with updated flooring and lighting.

    Overview

    This remodeled commercial property in Hale Center, Texas, offers an opportunity for business ownership or conversion to a residential space, with owner financing options available. Currently operating as a barbershop studio, the property features 4 rooms, 2 restrooms, a laundry area, and a service area. Modern touches include updated flooring and lighting. Situated on a 0.48-acre corner lot, the location provides ample parking and high traffic visibility. The property encompasses 1,144 square feet and presents possibilities for various business ventures, such as retail space or a salon. Located at 117 W 4th Street, Hale Center, TX 79041.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Kitchen & Bath Showroom Hotel & Motel Grocery & Convenience Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Hale Center
    County
    Hale
    State
    Texas
    Longitude
    -101.846355
    Latitude
    34.061054

    Nearby Similar for Sale

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      8,320 SF

      Retail Property on West Cleveland

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      View Details
    • $375,000
      41,002 SF

      Hale Center Investment Opportunity

      Large commercial property with recent improvements in Hale Center, TX.
      202 W 3rd Street, Hale Center, TX 79041
      View Details
    • $395,000

      Hale Center Investment Property

      4.35 acres with mobile homes and barn.
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    FAQs

    What type of property is this?
    Storefront property - Remodeled commercial space with owner financing options in Hale Center.
    Where is this storefront property located?
    The property is located at 117 W 4th Street Hale Center, TX.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Owner financing available.; Remodeled and ready for immediate use as a barbershop studio.; High‑traffic corner lot with ample parking.
    (806) 787-4526
    We can help!
    Listing Contact
    Kristal Saenz
    Real Estate License ID: 0669452
    Learn More
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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.

    More about this property
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