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    Live-Work Property with Metal Building Title is generated by Realmo AI

    133 County Road 128, Tuscola, TX 79562

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    For Sale
    $275,000

    SINGLE_FAMILY - Tuscola, TX

    Type:Office
    Property size:
    1,200 SF
    Lot size:
    2.22 Acres
    Price / SF:
    $229/SF
    Added:
    Feb 9, 2026
    Days on Market:
    118
    Last Refresh:
    Jun 7 at 3:06 am

    Property Features for 133 County Road 128

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Carport
    Standard status
    Active
    APN
    980234
    Lot size
    2.22 Acres

    Taxes and HOA fees

    Tax Description
    A0204 SUR 421 PERTELLIA LEE, ACRES 2.22
    Tax Annual Amount
    2750

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2011
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    AluminumSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Michael Pritchard

    Listing agent Michael Pritchard License #0583920

    Listing office Sendero Properties, LLC Abilene, TX

    Listing date Feb 9, 2026

    MLS# 21071299

    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.

    HighLights

    • 2.2‑acre property with a 1,200‑SF, 1‑room metal building featuring a kitchen and bathroom
    • Originally set up for a plant nursery business; could suit several different business needs
    • Located about a quarter mile from Jim Ned Intermediate School
    • Year built 2011 with aluminum siding, metal roof, vinyl flooring
    • Central heating and central air
    • Utilities include propane; septic tank sewer; carport parking

    Overview

    This live-work property features a large, one-room metal building measuring 1,200 square feet, with a kitchen and bathroom already in place. The site is set on 2.22 acres and was originally set up for a plant nursery business, which gives the property a practical foundation for day-to-day operations. With its straightforward layout and basic support amenities, the improvements offer flexibility for multiple business needs, including an arrangement where a contractor could live and work on the same property.

    The location is described as excellent and is approximately a quarter of a mile from Jim Ned Intermediate School. Set in the Jim Ned Valley, the property benefits from being in an area positioned for growth, which can be attractive to buyers seeking an operating base with long-term potential.

    For buyers and operators, the combination of a single, functional building and on-site acreage can work well for uses that benefit from straightforward space planning. The property’s nursery-oriented setup suggests it may be a fit for related or adaptive business concepts, while the presence of kitchen and bathroom facilities supports on-site work during the day. If you’re looking for a small-business site with the ability to consolidate work and personal space, this property is worth a closer look.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $27.6k $23.04
    − Vacancy −$6.7k −$5.58
    EGI $21.0k $17.46
    − OpEx −$5.2k −$4.37
    NOI $15.7k $13.10
    1,200 SF · lease $23.04/SF/yr · vacancy 24.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $224.5K
    $196.5K – $262.0K (±1% cap)
    NOI $15,718 @ 7.0% cap · market cap 5.72%
    Second Best
    Mixed Use
    $169.7K
    $148.5K – $198.0K (±1% cap)
    NOI $11,880 @ 7.0% cap · market cap 4.32%
    Theoretical Best
    Multifamily LT 5
    $11.74M
    $10.27M – $13.69M (±1% cap)
    NOI $821,641 @ 7.0% cap · market cap 298.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Tuscola
    County
    Taylor
    State
    Texas
    Longitude
    -99.7862386
    Latitude
    32.2197199

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    FAQs

    What type of property is this?
    Live-work space - A versatile metal building with kitchen and bathroom on a 2.2-acre site, originally set for a plant nursery.
    Where is this live-work space located?
    The property is located at 133 County Road 128 Tuscola, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 2.2‑acre property with a 1,200‑SF, 1‑room metal building featuring a kitchen and bathroom; Originally set up for a plant nursery business; could suit several different business needs; Located about a quarter mile from Jim Ned Intermediate School
    (325) 370-4356
    We can help!
    Listing Contact
    Michael Pritchard
    Real Estate License ID: 0583920
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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.

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