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

    1855 S Wheeler Street Jasper, TX 75951

    View on Map
    For Sale
    $494,000

    Retail - Jasper, TX

    Type:Retail
    Property size:
    7,600 SF
    Lot size:
    1.53 Acres
    Added:
    Oct 16, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for 1855 S Wheeler Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Na Not Applicable
    Exterior features
    Other, Aluminum Siding
    Standard status
    Active
    Size
    7,600 SF
    Lot size
    1.53 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Building materials
    Aluminum Siding, Other
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Denise Quick
    Denise Quick

    Listing agent Denise Quick

    Listing office Rayburn Realty PO Box 5308, Brookeland, TX

    Listing date Oct 16, 2025

    MLS# 65106801 Listing URL

    Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Building with Additional Structures

    Located at the intersection of Hwy 96 and Bulldog Ave, this commercial property includes a 7600 sq ft retail building. Situated on a corner lot, the property features 11,400 sq ft of concrete space with parking. An additional 2388 sq ft metal warehouse is available for storage or other operations. The property also includes a 1128 sq ft rental home and an older 1044 sq ft residence. The property is located in Jasper, TX, with a lot size of 1.53 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Jasper
    State
    Texas
    Longitude
    -93.99311
    Latitude
    30.900999

    Nearby Similar for Sale

    • $599,000
      14,816 SF

      Downtown Jasper Commercial Office Building

      Commercial/professional building in downtown Jasper with tenants in place.
      109 Water Street, Jasper, TX 75951
      View Details
    • $99,000
      7,000 SF

      Jasper Warehouse with Retail Space

      Mixed-use property featuring retail and warehouse space in Jasper, TX.
      132 S Austin Street, Jasper, TX 75951
      View Details
    • $165,000
      2,580 SF

      Versatile Commercial Property with Shop

      Commercial property featuring a spacious metal shop and additional building.
      2018 S Wheeler Street, Jasper, TX 75951
      View Details
    • $220,000
      1,500 SF

      Retail Property on State Hwy 190

      Versatile retail space with high visibility and accessibility.
      202 W Gibson, Jasper, TX 75951
      View Details
    • $189,000
      1,696 SF

      Downtown Jasper Retail/Office Building

      Craftsman-style building suitable for retail or office use.
      308 E Lamar St., Jasper, TX 75951
      View Details
    • $175,000
      4,100 SF

      Warehouse and Storage Investment Opportunity

      1.825-acre property with warehouse and storage units near Hwy 190.
      274 County Road 168, Jasper, TX 75951
      View Details
    • $220,000
      1,500 SF

      Retail Property on State Hwy 190

      Versatile retail space with excellent visibility and accessibility.
      202 W Gibson Street, Jasper, TX 75951
      View Details
    • $320,000
      11,616 SF

      Commercial Building with Highway Frontage

      Commercial building with office, showroom, and warehouse space for sale.
      4190 US Hwy 96 N, Jasper, TX 75951
      View Details
    • $375,000
      6,209 SF

      Two Warehouse Buildings in Jasper

      Two warehouse buildings with office space and parking.
      1835 Fletcher Street, Jasper, TX 75951
      View Details
    • $179,000
      1,978 SF

      Converted Office Space For Sale

      Arts and Crafts style office space in Jasper, Texas.
      342 E Milam Street, Jasper, TX 75951
      View Details
    • $320,000

      Commercial Building with Highway Frontage

      Commercial building with frontage on Highway 96N in Jasper, TX.
      4190 US Hwy 96 N, Jasper, TX 75951
      View Details
    • $179,000

      Commercial Office Spaces in Jasper, TX

      Arts and Crafts style home converted to commercial office spaces.
      342 E Milam Street, Jasper, TX 75951
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property featuring retail space, warehouse, and residential rentals.
    Where is this specialty property located?
    The property is located at 1855 S Wheeler Street Jasper, TX.
    What is the asking price?
    The asking price for this property is $494,000.
    What are key features of this property?
    This property features: 7600 sq ft retail building on a prominent corner lot.; Abundant parking with 11,400 sq ft of concrete space.; Additional 2388 sq ft metal warehouse for storage.
    (409) 698-8299
    We can help!
    Listing Contact
    Denise Quick
    Denise Quick
    Real Estate License ID: 0644652
    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!