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    Multi-Use Commercial Property in Mexia Title is generated by Realmo AI

    405 E Commerce Street, Mexia, TX 76667

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    Claim this Listing
    For Sale
    $449,500

    Retail - Mexia, TX

    Type:Retail
    Property size:
    22,875 SF
    Lot size:
    0.72 Acres
    Price / SF:
    $19/SF
    Added:
    Aug 12, 2025
    Days on Market:
    280
    Last Refresh:
    May 18 at 7:06 pm

    Property Features for 405 E Commerce Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    Covered, On Street, Other, Paved or Surfaced
    Standard status
    Active
    APN
    R16332
    Size
    22,875 SF
    Lot size
    0.72 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1944
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Aluminum Siding, Brick, Concrete, Metal Siding, Steel Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Brittany Jackson
    Brittany Jackson

    Listing agent Brittany Jackson License #0750977

    Listing office Jackson Ranch & Realty LLC 404 E Yeagua St, Groesbeck, TX

    Listing date Aug 12, 2025

    MLS# 21010111 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

    • Large, multi‑use commercial property in historic downtown Mexia with retail, industrial, and redevelopment potential across four adjoining parcels.
    • High‑visibility location on E Commerce St. with strong traffic, easy access, and ample street frontage.
    • Retail Building: 14,375 +- Sq. Ft with open‑span layout, showroom floor, and large display windows.
    • Auto‑Tire Shop: 4,000 +- Sq. Ft with insulation, drive‑in bays, (3) roll‑up doors, and separate water meter.
    • Includes a 4,500 +- Sq. Ft Metal Canopy Structure and a 5,000 +- Sq. Ft Concrete Slab, both with security fencing and gates, suitable for storage, sales, or expansion.
    • Clean slate – all contents have been cleared, ready for immediate use or redevelopment.

    Overview

    This multi-use commercial property is located in the heart of historic downtown Mexia. The listing includes four adjoining parcels with a mix of retail, industrial, and redevelopment potential. The retail building offers 14,375 square feet with an open-span layout, showroom floor, and large display windows facing Commerce Street. The main, right side of the building has 1 office space, 1 bathroom, and 1 HVAC, with entry and back doors. The left side of the building has 2 office spaces, 2 bathrooms, and 2 HVACs, with entry and back doors. The auto-tire shop provides 4,000 square feet with insulation, drive-in bays, 3 roll-up doors, and work areas, as well as a separate water meter. A 4,500-square-foot metal canopy structure with security fencing and 2 gates is ideal for equipment storage, open-air sales, or expansion. Additionally, there is a 5,000-square-foot concrete slab with security fencing and a gate, ready for new construction or expansion. The property is situated on a 0.7192-acre lot. The property is ready for immediate use or redevelopment. This location on E Commerce offers traffic, easy access, and street frontage. This property is suitable for investors, business owners, or developers seeking space in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.481055
    Latitude
    31.681356

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    FAQs

    What type of property is this?
    Retail space - Large commercial property with retail, auto shop, and redevelopment potential.
    Where is this retail space located?
    The property is located at 405 E Commerce Street Mexia, TX.
    What is the asking price?
    The asking price for this property is $449,500.
    What are key features of this property?
    This property features: Large, multi‑use commercial property in historic downtown Mexia with retail, industrial, and redevelopment potential across four adjoining parcels.; High‑visibility location on E Commerce St. with strong traffic, easy access, and ample street frontage.; Retail Building: **14,375 +- Sq. Ft with open‑span layout, showroom floor, and large display windows.**
    (254) 652-4625
    We can help!
    Listing Contact
    Brittany Jackson
    Brittany Jackson
    Real Estate License ID: 0750977
    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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