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    124 Main St Sulphur Springs, TX 75482

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    Sponsored
    For Sale
    $925,000

    Retail - Sulphur Springs, TX

    Type:Retail
    Property size:
    5,000 SF
    Lot size:
    0.12 Acres
    Days on Market:
    14
    Last Refresh:
    Mar 18 at 4:06 am

    Property Features for 124 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    R000001503
    Parking features
    On Street, Open, Other, Parking Lot
    Size
    5,000 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Multi Units

    Building Details

    Year built
    1949
    Flooring type
    Hardwood, Tile
    Building materials
    Brick, Stucco
    Roof type
    Synthetic
    Architectural style
    Other

    We can help!

    Listing Contact
    Carrie Chase Nuckolls
    Carrie Chase Nuckolls

    Century 21 First Group (903) 885-3146

    Listing agent Carrie Chase Nuckolls (903) 885-3146 License #0508822

    Listing date Mar 4, 2026

    MLS# 21070276 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.

    Learn more

    Property Insight Report

    Overview

    Sulphur Springs Mixed-Use Retail Opportunity

    Located in downtown Sulphur Springs, approximately 90 miles from DFW, this property offers a legacy opportunity on Celebration Plaza. The expansive property, with over 5,000 square feet including 4,600 of interior space, overlooks the Plaza, providing visibility and foot traffic. The flexible floor plan features three separate entrances, suitable for multiple storefronts or a single signature use. A buildable upper level offers the potential to create apartments or professional office suites, making this a mixed-use investment. Tesla charging stations and public parking are located nearby, and downtown events occur year-round. The property blends historic charm with modern updates, showcasing original tin ceilings and heritage name tiles at the entrance, along with soaring 20+ ft ceilings. Expansive picture windows highlight the Plaza and the interior scale. Recent improvements include hardwood floors, new AC and plumbing in 2023, and a TPO roof installed in 2020 with a 20-year warranty, plus a guest bathroom. A dedicated bar and venue area with seating makes this property suitable for a restaurant, bar, café, or entertainment space. The interior also features a lofted second level for added square footage, plus a private half-bath in the enclosed owner’s office with rear alley access. Additional features include storage, a vintage built-in safe, and visibility from every angle. The property is turn-key for a business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Everything Unique (Bike/Boat/Book/etc) Store

    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.

    Similar Places Nearby

    Flowerland

    Location Insight

    • Map
    • Local Demand
    City
    Sulphur Springs
    County
    Hopkins
    State
    Texas
    Longitude
    -95.601273
    Latitude
    33.137465

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    FAQs

    What type of property is this?
    Storefront property - Legacy mixed-use property in downtown Sulphur Springs, a destination city.
    Where is this storefront property located?
    The property is located at 124 Main St Sulphur Springs, TX.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime location on Celebration Plaza in downtown Sulphur Springs with high visibility and foot traffic.; - Flexible floor plan with three separate entrances suitable for multiple storefronts or a single large business.; - Buildable upper level offers potential for apartments or office suites, creating a mixed-use investment opportunity.
    (903) 885-3146
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    124 Main St Sulphur Springs, TX 75482
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    Sulphur Springs, TX 75482
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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
    124 Main St Sulphur Springs, TX 75482
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    We can help!
    Listing Contact
    Carrie Chase Nuckolls
    Carrie Chase Nuckolls
    Real Estate License ID: 0508822
    (903) 885-3146 (903) 243-4173
    Learn more
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