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

    1417 N Neches St Coleman, TX 76834

    Sponsored
    For Sale
    Under Contract
    $147,500

    Business - Coleman, TX

    Type:Business
    Lot size:
    0.59 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 24 at 11:06 pm

    Property Features for 1417 N Neches St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active Under Contract
    APN
    R17809
    Lot size
    0.59 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    2018
    Flooring type
    Concrete
    Building materials
    Concrete, Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Ray Conner

    UCRE-TX Home and Ranches RE (682) 294-1077

    Listing agent Ray Conner (682) 294-1077 License #0701457

    Listing date Jan 12, 2026

    MLS# 21028695 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

    Versatile Commercial Property in Coleman

    Located at 1417 N Neches in Coleman, TX, this commercial property presents a prime opportunity for business ventures. Formerly a vehicle service building, the property is situated on a busy road with high traffic volume, offering excellent visibility and accessibility. Its location within city limits enhances its appeal for attracting customers. The property, with a lot size of 0.587 acres, is suitable for reopening as an automotive service center or repurposing for a variety of other commercial uses. The property is priced to sell.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Terrys Auto Body Repair, Block One Auto & Truck Repair, Bledsoe Ford Service, Pro Body Works, Cactus Jack's Ag To Auto Service And Repair

    Location Insight

    • Map
    • Local Demand
    City
    Coleman
    County
    Coleman
    State
    Texas
    Longitude
    -99.42730923
    Latitude
    31.84393991

    Nearby Similar for Sale

    • $2,200,000
      127.44 Acres

      Turnkey Ranch with Multiple Homes

      Meticulously improved ranch with multiple homes and scenic views.
      5782 Fm 2131, Coleman, TX 76834
      View Details
    • New
      $250,000
      2,400 SF

      Coleman Farm/Ranch Versatile Venue Property

      2.32-acre property ideal for a home or special venue.
      775 County Road 194, Coleman, TX 76834
      View Details
    • $270,000
      0.14 Acres

      Downtown Coleman Retail Opportunity

      Two-story retail property in downtown Coleman with historical charm.
      217 S Commercial Ave, Coleman, TX 76834
      View Details
    • $159,900
      0.84 Acres

      Coleman, TX Mixed-Use Opportunity

      Commercial property with restaurant, living quarters, and Hords Creek view.
      1302 Highway St, Coleman, TX 76834
      View Details
    • $395,000
      4.25 Acres

      Secluded Lake Coleman Peninsula Retreat

      Private 4.25-acre peninsula with floating cabin on Lake Coleman.
      Coleman, TX 76834
      View Details
    • $69,000
      0.32 Acres

      Warehouse in High-Traffic Area

      Warehouse in Coleman, TX, with high potential and excellent location.
      201 E Liveoak St, Coleman, TX 76834
      View Details
    • $159,000
      0.17 Acres

      Historic Retail Property in Coleman

      Versatile historic property with storefronts and workshop spaces for sale.
      115 E Pecan St, Coleman, TX 76834
      View Details
    • $750,000
      0.39 Acres

      Established Restaurant & Bar For Sale

      Restaurant and bar with immediate income potential in high-traffic location.
      601 S Commercial Ave, Coleman, TX 76834
      View Details
    • $450,000
      0.34 Acres

      Downtown Coleman Building with Potential

      7500 sq ft building in thriving downtown Coleman, Texas.
      106 East St, Coleman, TX 76834
      View Details
    • $450,000
      7,500 SF

      Downtown Coleman Commercial Opportunity

      7500 sq ft commercial building in thriving Coleman, Texas.
      106 East St, Coleman, TX 76834
      View Details
    • $185,000
      1.73 Acres

      Established Entertainment Venue For Sale

      Multi-purpose entertainment venue with dance hall, bar, and live music.
      1400 S 84 Byp, Coleman, TX 76834
      View Details
    • $236,500
      0.37 Acres

      Storage Facility in Coleman, Texas

      29-unit storage facility in prime Coleman, TX location for sale.
      1401 N Neches St, Coleman, TX 76834
      View Details

    FAQs

    What type of property is this?
    Auto shop - High-visibility commercial property suitable for various business ventures.
    Where is this auto shop located?
    The property is located at 1417 N Neches St Coleman, TX.
    What is the asking price?
    The asking price for this property is $147,500.
    What are key features of this property?
    This property features: - High-visibility location on a major road with high traffic volume.; - Versatile commercial property suitable for various business ventures.; - Previously used for vehicle servicing, making it ideal for automotive businesses.
    (682) 294-1077
    Request Owner's contact information
    1417 N Neches St Coleman, TX 76834
    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.
    1417 N Neches St
    Coleman, TX 76834
    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
    1417 N Neches St Coleman, TX 76834
    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
    Ray Conner
    Real Estate License ID: 0701457
    (682) 294-1077
    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.