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    Established Fitness Studio Business Opportunity Title is generated by Realmo AI

    204 E Main Street, Mount Vernon, TX 75457

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    For Sale
    $799,000

    Business - Mount Vernon, TX

    Type:Business
    Lot size:
    0.77 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    181
    Last Refresh:
    May 17 at 12:06 pm

    Property Features for 204 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Other, Oversized
    Standard status
    Active
    APN
    21935
    Lot size
    0.77 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1975
    Flooring type
    Other
    Building materials
    Brick, Stone, Stone Veneer
    Architectural style
    Other

    We can help!

    Listing Contact
    Jackie Carlson

    Listing agent Jackie Carlson License #0734872

    Listing office Mayben Realty, LLC 920 Texas Hwy 37, Mount Pleasant, TX

    Listing date Nov 17, 2025

    MLS# 21059883 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.

    HighLights

    • Established turnkey fitness studio with 26 years of proven success, loyal client base, and consistent revenue.
    • Spacious 6,000+ sq ft facility designed for diverse fitness classes and specialized training.
    • Fully equipped with modern amenities including dedicated locker rooms and pristine washrooms.
    • Robust marketing presence with a vibrant social media following.
    • Large parking lot with expansion potential for additional business growth.
    • Transition support from current ownership for up to 30 days.

    Overview

    This is an established boutique fitness studio located in a highly visible and desirable area. The business has a proven track record of 26 years. The studio is a turnkey enterprise, fully equipped and staffed. It benefits from a loyal client base, consistent revenue, and established operational systems. The business has a marketing presence, including a social media following. The facility offers more than 6,000 square feet, designed to accommodate a variety of fitness classes and specialized training areas. Modern amenities include dedicated men's and women's locker rooms, complete with secure storage and washrooms. The property has a large parking lot that provides an option to expand the building. The current ownership will provide up to 30 days of transition support, including introductions to vendors and staff, and training on systems and workflows. The property is located in Mount Vernon, TX, in Franklin County. The lot size is 0.77 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mount Vernon Gym Gym & Fitness Center Briscoe's Emporium on Lower ... Discount Store Birdies Boutique Clothing Store Gallery On Main Art Gallery Body Language Massage Alternative Medicine Practice

    Suggested Use

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

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

    Similar Places Nearby

    • Mount Vernon Gym — 204 Main St, Mt Vernon, TX 75457

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Franklin
    State
    Texas
    Longitude
    -95.222392
    Latitude
    33.188962

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    FAQs

    What type of property is this?
    Fitness center & gym - Turnkey fitness studio with loyal client base and growth potential.
    Where is this fitness center & gym located?
    The property is located at 204 E Main Street Mount Vernon, TX.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Established turnkey fitness studio with **26 years of proven success, loyal client base, and consistent revenue.**; Spacious **6,000+ sq ft facility** designed for diverse fitness classes and specialized training.; Fully equipped with modern amenities including dedicated locker rooms and pristine washrooms.
    (903) 572-2400
    We can help!
    Listing Contact
    Jackie Carlson
    Real Estate License ID: 0734872
    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.

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