Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    De Leon Retail Opportunity Title is generated by Realmo AI

    409 N Texas Street, De Leon, TX 76444

    View on Map
    Claim this Listing
    For Sale
    $99,000

    Retail - De Leon, TX

    Type:Retail
    Lot size:
    0.26 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    55
    Last Refresh:
    May 16 at 3:06 pm

    Property Features for 409 N Texas Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    Carport
    Standard status
    Active
    APN
    000000000583
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1945
    Flooring type
    Concrete, Tile, Tile - Ceramic
    Building materials
    Block, Concrete, Plaster, Steel Siding
    Roof type
    Metal, Tar/Gravel
    Architectural style
    Other

    We can help!

    Listing Contact
    Barbara Lee

    Listing agent Barbara Lee License #0266016

    Listing office Cogburn Real Estate 632 N Texas, De Leon, TX

    Listing date Mar 23, 2026

    MLS# 21216652 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

    • Prime location near downtown De Leon on TX Hwy 16 with 188 ft of street frontage.
    • Versatile .26‑acre lot suitable for various business uses.
    • Large storage area in the rear with two overhead access doors.
    • Secure, covered, wire‑enclosed storage area with two overhead access doors.
    • Open product display and cashier area.
    • Central air and heat, ceramic tile floors, and covered front awning.

    Overview

    This commercial building is situated near downtown De Leon, Texas, on North Texas Street (TX Hwy 16). The property includes a 0.26-acre lot with 188 feet of street frontage, offering various potential uses. The store-restaurant building provides a foundation for a business and features a large storage area at the rear with two overhead access doors. Additionally, there is a covered, wire-enclosed secure storage area on the south end of the main building, also equipped with two large overhead access doors. The store building includes a large open product display and cashier area, two bathrooms, central air and heat, ceramic tile floors, and a covered awning in the front.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    De Leon
    County
    Comanche
    State
    Texas
    Longitude
    -98.5360299
    Latitude
    32.1125604

    Nearby Similar for Sale

    • $535,000

      De Leon Retail/Warehouse Opportunity

      Former pecan warehouse with office, retail space, and ample parking.
      117 E. Bivar, De Leon, TX 76444
      View Details
    • $900,000
      7,000 SF

      Turnkey Restaurant Opportunity in De Leon

      Thriving Mexican restaurant with living quarters in De Leon, TX.
      424 N Texas Street, De Leon, TX 76444
      View Details
    • $595,000

      Historic Building Event Venue

      Three-story, 14,000+ sq ft venue in historic 1900 building.
      100 N Texas Street, De Leon, TX 76444
      View Details
    • $550,000
      9,276 SF

      Versatile Commercial Property with Restaurant

      Restaurant, bar, office, and land with high visibility.
      901 E Navarro Avenue, De Leon, TX 76444
      View Details
    • $355,000

      Established Floral & Gift Business

      Thriving floral and gift business with retail space in De Leon.
      133 N Texas Street, De Leon, TX 76444
      View Details
    • $375,000
      1,436 SF

      Versatile Ranch Retreat on 21 Acres

      Private, gated 21-acre property designed for comfortable living and recreation.
      316 County Road 458, De Leon, TX 76444
      View Details
    • $1,850,000
      4,950 SF

      Texas Ranch with Coastal Fields

      Five-bedroom home on 83 acres with diverse landscape.
      7900 Highway 6, De Leon, TX 76444
      View Details
    • $2,100,000
      2,185 SF

      Live Water Ranch in Comanche

      217-acre ranch featuring creek frontage, tanks, and improvements.
      5300 Highway 2247, De Leon, TX 76444
      View Details
    • $100,000

      De Leon Retail/Office Opportunity

      1520 sq ft retail/office space in De Leon, TX
      141 N Texas Street, De Leon, TX 76444
      View Details
    • $1,075,000
      2,098 SF

      81-Acre Ranch with Highway Frontage

      Prime agricultural property with home, creek, and highway access.
      7450 E Hwy 6, De Leon, TX 76444
      View Details
    • $120,000

      Sanctuary and Fellowship Hall Opportunity

      Sanctuary and fellowship hall with potential for community engagement.
      532 N Travis Street, De Leon, TX 76444
      View Details
    • $65,000

      Established Event Venue in De Leon

      Established outdoor event venue perfect for various events and gatherings.
      124 W Gonzales Avenue, De Leon, TX 76444
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial building near downtown De Leon with highway frontage.
    Where is this storefront property located?
    The property is located at 409 N Texas Street De Leon, 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 location near downtown De Leon on TX Hwy 16 with 188 ft of street frontage.; Versatile .26‑acre lot suitable for various business uses.; Large storage area in the rear with two overhead access doors.
    (254) 893-6666
    We can help!
    Listing Contact
    Barbara Lee
    Real Estate License ID: 0266016
    Learn More
    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
    409 N Texas Street, De Leon, TX 76444
    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!