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    201 Commerce Street Robert Lee, TX 76945

    View on Map
    For Sale
    $132,900

    COMMERCIAL - Robert Lee, TX

    Property size:
    3,108 SF
    Lot size:
    0.64 Acres
    Added:
    Sep 24, 2024
    Days on Market:
    555
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for 201 Commerce Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    3,108 SF
    Lot size
    0.64 Acres

    Taxes and HOA fees

    TaxDescription
    Lots 3,4,5,6, Block 10, Addition: Original Town

    Building Details

    Year built
    1994
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Gina Chaney/ Robert Chaney

    Listing agent Gina Chaney/ Robert Chaney License #TREC 0480400

    Listing office ERA Newlin & Company 1722 W Ave N, SAN ANGELO, TX

    Listing date Sep 24, 2024

    MLS# 124696

    Copyright © 2026 San Angelo Association 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.

    Overview

    Commercial Building in Robert Lee, TX

    This commercial building, located in Robert Lee, TX, offers approximately 3108 square feet of space on a 0.64-acre lot. The building, measuring approximately 40'x80', is suitable for various projects and includes two garage doors and an auto lift. Ample storage is available within the structure. An area is also present that could be purposed as an efficiency apartment or office space. This property is located at 201 Commerce Street, Robert Lee, TX 76945.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Auto Parts Store

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

    Similar Places Nearby

    • Ivey Motors — 724 Austin St, Robert Lee, TX 76945
    • Ivey Motors Service — 724 Austin St, Robert Lee, TX 76945

    Location Insight

    • Map
    • Local Demand
    City
    Robert Lee
    County
    Coke
    State
    Texas
    Longitude
    -100.488343
    Latitude
    31.888513

    Nearby Similar for Sale

    • $95,000

      Established Commercial Space in Texas

      Turnkey commercial property suitable for a hair salon or service business.
      401 W 10th Street, Robert Lee, TX 76945
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    • $85,000
      1,000 SF

      Robert Lee Retail/Office Opportunity

      Former church suitable for retail or office in Robert Lee.
      824 Austin Street, Robert Lee, TX 76945
      View Details
    • $525,000

      Robert Lee Ranch with Creek

      129.5 acre ranch featuring creek frontage, home, and shop.
      1000 Friendship RD, Robert Lee, TX 76945
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    • $95,000
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      Robert Lee Retail or Office

      Former church suitable for retail or office in Robert Lee.
      824 Austin St, Robert Lee, TX 76945
      View Details

    FAQs

    What type of property is this?
    Auto shop - Versatile commercial building with auto shop features and storage.
    Where is this auto shop located?
    The property is located at 201 Commerce Street Robert Lee, TX.
    What is the asking price?
    The asking price for this property is $132,900.
    What are key features of this property?
    This property features: Large 40'x80' building suitable for projects or business.; Includes an auto lift.; Features 2 garage doors.
    (325) 262-1033
    We can help!
    Listing Contact
    Gina Chaney/ Robert Chaney
    Real Estate License ID: TREC 0480400
    Learn More
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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
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