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    402 S Main St Cross Plains, TX 76443

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    Sponsored
    For Sale
    Under Contract
    $99,000

    Office - Cross Plains, TX

    Type:Office
    Property size:
    2,175 SF
    Lot size:
    0.17 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 9 at 11:06 pm

    Property Features for 402 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active Under Contract
    APN
    R014137
    Parking features
    On Street, Parking Lot
    Size
    2,175 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Natural Gas, Space Heater
    Cooling system
    Electric, Multi Units, Window Unit(s)

    Building Details

    Year built
    1912
    Flooring type
    Concrete, Laminate, Wood
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Shana Hinyard

    HINYARD FARM AND RANCH LLC (325) 660-5719

    Listing agent Shana Hinyard (325) 660-5719 License #0561782

    Listing date Mar 1, 2026

    MLS# 21104462 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

    Historic Commercial Building on Main

    Located on Main Street in Cross Plains, Texas, this commercial property offers a 50 ft x 140 ft lot suitable for various business ventures. The historic Icehouse, a 2,175 sq ft brick building constructed around 1912, features a metal gable roof with a parapet wall and 11 ft ceilings. A slab foundation extends to the front, creating a 10 ft porch across the building's width with a slope on the south side. Inside, a 10 x 10 foyer leads to a 10 x 10 office with a built-in bookcase. The 10 x 38 front room, featuring two large picture windows, can serve as a display area, retail space, or additional offices. The main area, a 38 x 38 warehouse space, includes a half bath large enough to accommodate a shower. The bathroom is raised above the concrete slab. A 10 x 15 storage room with shelving on three walls is located off the main room. A roll-up door at the back facilitates loading and unloading. Behind the building, a ground-level slab provides space for a courtyard or parking area. A metal privacy fence surrounds the exterior, enclosing a grass patch approximately 18 ft by 50 ft. The property has Main Street access across the front and SW 4th St along the north side, providing ample parking. The tax office lists the address as 402 S Main St, while the 911 address is 400 S Main St.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cross Plains
    County
    Callahan
    State
    Texas
    Longitude
    -99.165921
    Latitude
    32.122371

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    FAQs

    What type of property is this?
    Office units - Versatile commercial property in Cross Plains, Texas, circa 1912.
    Where is this office units located?
    The property is located at 402 S Main St Cross Plains, TX.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - Prime commercial location on Main Street in Cross Plains.; - 2,175 sq ft brick building with historical significance (built circa 1912).; - Versatile interior space suitable for various business types, including retail, office, or warehouse.
    (325) 660-5719
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    402 S Main St Cross Plains, TX 76443
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    Cross Plains, TX 76443
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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
    402 S Main St Cross Plains, TX 76443
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    We can help!
    Listing Contact
    Shana Hinyard
    Real Estate License ID: 0561782
    (325) 660-5719
    Learn more
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