Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land Ready For Development Title is generated by Realmo AI

    Parcel 3 TENAHA STREET, Center, TX 75935

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Center, TX

    Lot size:
    0.58 Acres
    Added:
    Mar 24, 2023
    Days on Market:
    1171
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for Parcel 3 TENAHA STREET

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Luf C Commercial
    Standard status
    Pending
    Lot size
    0.58 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jodi Fountain

    Listing agent Jodi Fountain License #0609786

    Listing office Town & Country Real Estate 114 Nacogdoches Street, Center, TX

    Listing date Mar 24, 2023

    MLS# 64207784 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.

    HighLights

    • Ready for development.
    • City utilities (water & sewer) available.
    • New survey available for this .578 acre lot.
    • Clear land.
    • Seller will look at offers.

    Overview

    This 0.578-acre commercial land, identified as Lot #3, is available for development. The property has a new survey and is ready for construction. City utilities provide water and sewer services. The land is clear and located beside Goodwill Industries. The zoning is Luf C Commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Auto Parts Store Veterinary Clinic Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Center
    County
    Shelby
    State
    Texas
    Longitude
    -94.19265805
    Latitude
    31.8100361

    Nearby Similar for Sale

    • $350,000
      6,000 SF

      Downtown Office Building with Parking

      Spacious 6,000 SF office building in historic downtown Center, TX.
      137 San Augustine Street, Center, TX 75935
      View Details
    • $279,000
      4,000 SF

      Versatile Commercial Property in Center, TX

      5.51-acre commercial property with multiple buildings and income potential.
      2524 US Hwy 96 N, Center, TX 75935
      View Details
    • $199,000
      11,000 SF

      Commercial Space in Center, Texas

      Large commercial building with multiple rental opportunities in Center, TX.
      1010 Nacogdoches Street, Center, TX 75935
      View Details
    • $730,000

      Ranch and Recreational Property

      A 100+ acre East Texas ranch with improved pasture, mature timber, and a year-round spring-fed pond for livestock and hunting use.
      973 County Road 2572, Center, TX 75935
      View Details
    • $199,000

      Center, TX Building on Main Road

      Building on main road in Center, Texas with high traffic.
      826 Shelbyville Street, Center, TX 75935
      View Details
    • $275,000

      Country Acreage with Homesite

      A cleared homesite on a stream-lined tract with utilities available and substantial road frontage for flexible use.
      FM 711, Center, TX 75935
      View Details
    • $1,500,000

      Turn-Key Car Wash Investment

      Established car wash with self-serve and tunnel options for sale.
      611 Tenaha Street, Center, TX 75935
      View Details
    • $1,750,000

      6-House Broiler Farm in Texas

      Income-producing 6-house broiler farm on 42 acres.
      CR 3085, Center, TX 75935
      View Details
    • $159,000

      Commercial Property Near Historic Downtown

      Two buildings on .99 acres near Center's historic downtown.
      516 &518 SHELBYVILLE STREET, Center, TX 75935
      View Details
    • $265,000

      Recreational Land with Homesite Potential

      Rollingly wooded tract with long CR 1247 frontage, offering recreation and potential for a future homesite.
      County Road 1247, Center, TX 75935
      View Details
    • $498,285

      Unrestricted Land in Shelby County

      66.44 acres of unrestricted land perfect for recreation.
      887 County Road 1265, Center, TX 75935
      View Details
    • $120,000

      Improved Pasture Ranch Tract

      Versatile, fully fenced pasture with pond water, well suited for livestock, hobby farming, or future homesite development.
      PID# 574149 FM 414, Center, TX 75935
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.578 acre commercial land ready for development.
    Where is this commercial land located?
    The property is located at Parcel 3 TENAHA STREET Center, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Ready for development.; City utilities (water & sewer) available.; New survey available for this .578 acre lot.
    (936) 598-6111
    We can help!
    Listing Contact
    Jodi Fountain
    Real Estate License ID: 0609786
    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

    Thank You for Inquiry
    Parcel 3 TENAHA STREET, Center, TX 75935
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!