Sign Up Successful!
You now have access to more from Realmo!
    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

    1206 N Louise St Atlanta, TX 75551

    Sponsored
    For Sale
    $174,000

    COMMERCIAL - Atlanta, TX

    Lot size:
    1.82 Acres
    Days on Market:
    54
    Last Refresh:
    Jan 28 at 7:06 am

    Property Features for 1206 N Louise St

    General Information

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

    We can help!

    Listing Contact
    Stuart Smith

    MLM Real Estate

    Listing agent Stuart Smith (903) 824-2281

    Listing date Dec 6, 2025

    MLS# 110587

    Copyright © 2026 Texarkana 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

    Prime Retail Location on Highway

    This 1.82-acre commercial lot is located on U.S. Highway 59 in Atlanta, Texas. The site previously housed the Derrick Motel. The location benefits from traffic counts exceeding 25,000 vehicles per day, offering visibility, access, and egress. The City of Atlanta demolished the motel, and the Texas Commission on Environmental Quality (TCEQ) has documented a clean bill of health for the property. The level ground and concrete entryways may reduce construction costs. Additional acreage, ranging from 20 to 70 acres, adjoining the lot may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cass
    State
    Texas
    Longitude
    -94.161969
    Latitude
    33.13935

    Nearby Similar for Sale

    • $1,173,250
      180.50 Acres

      Prime Farm and Ranch Opportunity

      Exceptional farm and ranch with rolling meadows and functional design.
      2111 County Rd 4335, Atlanta, TX 75551
      View Details
    • $1,900,000
      4,500 SF

      East Texas Country Lifestyle Property

      36-acre property with custom home, barn, and vineyard.
      1402 S Boggie St, Atlanta, TX 75551
      View Details
    • $135,000
      1,580 SF

      Main Street Office Building, Atlanta

      Charming office building on Main Street in Atlanta, Texas.
      507 W Main St, Atlanta, TX 75551
      View Details
    • $400,000
      2,580 SF

      Established Coffee Shop Opportunity

      Profitable, turn-key coffee shop with loyal customer base.
      111 E Main St, Atlanta, TX 75551
      View Details
    • $149,950
      1,350 SF

      Retail Showroom on Highway 59

      Turn-key retail opportunity with high visibility and traffic.
      1201 N Louise St, Atlanta, TX 75551
      View Details
    • $289,000
      7,500 SF

      Historic Atlanta Commercial Building For Sale

      Historic commercial building in Atlanta, TX with redevelopment potential.
      109 E Hiram St, Atlanta, TX 75551
      View Details
    • $149,998
      0.90 Acres

      Highway Frontage Warehouses with Crane

      High-visibility warehouses on Hwy 59, ideal for retail or industrial.
      3005 Hwy 59 W, Atlanta, TX 75551
      View Details
    • $175,000
      2.01 Acres

      Turnkey Mechanic and Tire Shop

      Fully equipped tire shop and commercial building on 2 acres.
      1914 W Main St, Atlanta, TX 75551
      View Details
    • $229,900
      4,644 SF

      Turnkey Atlanta Multifamily Investment

      Two fully occupied duplexes, immediate rental income, remodeled units.
      508 N Louise St, Atlanta, TX 75551
      View Details
    • $195,000
      1,570 SF

      Atlanta, TX Investment Property

      Leased duplexes near downtown Atlanta, TX, offer immediate income.
      208 S William St, Atlanta, TX 75551
      View Details
    • $385,000
      2,880 SF

      Downtown Atlanta Commercial Office Building

      Prime commercial location with former bank features and drive-through.
      209 W Main St, Atlanta, TX 75551
      View Details
    • $229,000
      4,112 SF

      Live/Work Property with Highway Frontage

      Commercial property with office and apartment, ideal for live/work.
      Atlanta, TX 75551
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.82 acre commercial lot with high traffic visibility.
    Where is this commercial land located?
    The property is located at 1206 N Louise St Atlanta, TX.
    What is the asking price?
    The asking price for this property is $174,000.
    What are key features of this property?
    This property features: - Prime retail location on U.S. Highway 59; - High traffic count: over 25,000 vehicles per day; - 1.817 acre lot with established level ground and concrete entryways
    (903) 824-2281
    Request Owner's contact information
    1206 N Louise St Atlanta, TX 75551
    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.
    1206 N Louise St
    Atlanta, TX 75551
    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
    1206 N Louise St Atlanta, TX 75551
    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
    Stuart Smith
    Real Estate License ID: TX 637164
    (903) 824-2281
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.