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

    1203 E Main Street Clarksville, TX 75426

    View on Map
    For Sale
    Under Contract
    $35,000

    Improved Land - Clarksville, TX

    Lot size:
    1.10 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    22
    Last Refresh:
    Apr 2 at 4:06 am

    Property Features for 1203 E Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    01278001900001000
    Lot size
    1.10 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Patty Turner

    Listing agent Patty Turner License #0426347

    Listing office Keller Williams Rockwall 550 Vigor Way Ste 200, Rockwall, TX

    Listing date Mar 12, 2026

    MLS# 21117970 Listing URL

    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.

    Overview

    Commercial Land on Main Street

    This property on E Main Street offers excellent frontage, strong visibility, and steady traffic flow. The lot is suitable for various uses, including retail, professional offices, boutiques, salons, and service businesses, or an owner-operated venture. The spacious 1.102-acre lot allows flexibility for customer parking, outdoor workspace, signage, or future expansion. Its central location provides convenient access to nearby schools, restaurants, established businesses, and major routes, making it easily accessible for customers and deliveries. It is located in Clarksville, Red River County, Texas. This property is a potential site for investors or small-business owners seeking a high-exposure location in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reverence motors l.l.c Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Red River
    State
    Texas
    Longitude
    -95.040819
    Latitude
    33.61261

    Nearby Similar for Sale

    • $950,000

      Versatile Commercial Building on 8+ Acres

      Adaptable commercial building with warehouse and retail space in Clarksville.
      150 W Main Street, Clarksville, TX 75426
      View Details
    • $889,000
      3,832 SF

      Lakefront Ranch with Rolling Topography

      49.23 acre lakefront ranch near Clarksville, Texas.
      1203 County Road 3100, Clarksville, TX 75426
      View Details
    • $449,900

      Clarksville Multifamily Investment Opportunity

      Well-maintained 10-unit apartment complex with income potential in Clarksville, TX.
      401 S Donoho Street, Clarksville, TX 75426
      View Details
    • $15,000
      1,152 SF

      Main Street Commercial Property, Clarksville

      Charming commercial property on Main Street with excellent visibility.
      1001 E Main Street, Clarksville, TX 75426
      View Details
    • $80,000

      Highway Frontage Commercial Land Opportunity

      Versatile acreage with highway frontage, ideal for business development.
      2933 State Highway 37 N, Clarksville, TX 75426
      View Details
    • $249,900

      Five-Unit Apartment Building Investment

      Well-maintained five-unit apartment building in Clarksville, Texas.
      700 S Donoho Street, Clarksville, TX 75426
      View Details
    • $1,500,000

      Clarksville Ranch with Multiple Amenities

      Turnkey ranch property featuring multiple homes, barns, and recreational facilities.
      200 Farm Road 412, Clarksville, TX 75426
      View Details
    • $2,950,000
      3,596 SF

      Texas Ranch with Lodging

      722-acre ranch featuring cabins, workshop, lakes, and timber.
      170 CR 2180, Clarksville, TX 75421
      View Details
    • $99,900

      Two Homes, One Smart Investment

      Two homes with renovation potential in a relaxed small town.
      1304/1306 West End Avenue, Clarksville, TX 75426
      View Details
    • $812,000

      Productive Ranchland Near Clarksville

      216.5 acres of ranchland with pasture and wooded terrain.
      4279 Fm 909, Clarksville, TX 75426
      View Details
    • $185,000

      Highway Frontage Development Opportunity

      13 acre property with highway frontage near Paris, Texas.
      Tbd Hwy 37 N, Clarksville, TX 75426
      View Details
    • $119,000

      Clarksville, TX Land with Tiny Home

      Cozy 1-bedroom home on .75 acres near Clarksville.
      8778 State Highway 37 N, Clarksville, TX 75426
      View Details

    FAQs

    What type of property is this?
    Commercial land - Versatile commercial land with high visibility and traffic flow.
    Where is this commercial land located?
    The property is located at 1203 E Main Street Clarksville, TX.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Excellent frontage and strong visibility on E Main Street.; Versatile property suitable for retail, office, boutique, salon, or service business.; Spacious lot allows for customer parking, outdoor workspace, signage, or expansion.
    (972) 772-7000
    We can help!
    Listing Contact
    Patty Turner
    Real Estate License ID: 0426347
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!