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    Live-Work Commercial Property with Workshop Title is generated by Realmo AI

    4782 N State Highway 19 N, Emory, TX 75440

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    Claim this Listing
    Pending
    $262,000

    COMMERCIAL - Emory, TX

    Lot size:
    2.81 Acres
    Added:
    May 8, 2026
    Days on Market:
    27
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 4782 N State Highway 19 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage, Off Street, Driveway, Carport, Covered
    Fireplace
    1
    Standard status
    Pending
    APN
    R1854
    Lot size
    2.81 Acres

    Taxes and HOA fees

    Tax Description
    A0090 GAGE CALVIN ACRES 2.814
    Tax Annual Amount
    2916

    Utilities

    Utilities
    Propane
    Sewer type
    Aerobic Septic, Septic Tank
    Heating system
    Fireplace(s), Propane (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Combination, Laminate, Wood, Tile, Vinyl, Linoleum
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Keeley Roan

    Listing agent Keeley Roan License #0518734

    Listing office Century 21 First Group Sulphur Springs, TX

    Listing date May 8, 2026

    MLS# 21207266

    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

    • Approximately 2.8 acres with State Highway 19N frontage and access from Rains County Road 3325
    • Home currently used as residential; could also be used as an office or rental with some TLC
    • 4+ car covered carport plus additional outbuildings, including a large workshop with electricity and a half bath
    • Large workshop includes a wood burning stove that could be retrofit for various business operations
    • Metal roof; frame construction with mixed flooring including wood, tile, laminate, vinyl, and linoleum
    • Utilities and services include propane heating and septic via aerobic septic/septic tank

    Overview

    This live-work style commercial property sits on approximately 2.8 acres and is currently used as a residential home. With some TLC, the existing residence could be adapted as an office or rental, while the surrounding improvements provide meaningful operational space. There is a 4+ car carport, a large workshop with electricity, a half bath, and a wood-burning stove that could be retrofitted for a range of business uses. Additional storage buildings and a gazebo-type structure are also on the property.

    The site offers strong visibility and access from two directions, with frontage on State Highway 19N and frontage along Rains County Road 3325 at the side and back. The property is just minutes from downtown Emory and is positioned on Hwy 19N near Lake Fork, supporting uses that benefit from easy approach and frequent drive-by exposure.

    The combination of a workable main structure and multiple outbuildings makes this a practical option for a small business that needs both a customer-facing presence and on-site storage. Prospective buyers may consider it for an office or rental, as well as concepts like a small retail or country store, RV or boat storage, or a business headquarters. The buyer is responsible for verifying all information, including measurements from third-party sources and any updates to zoning or restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Emory
    County
    Rains
    State
    Texas
    Longitude
    -95.76889
    Latitude
    32.870818

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    FAQs

    What type of property is this?
    Live-work space - High-visibility property with outbuildings and workshop, currently residential, offering flexibility for office, rental, or storage use.
    Where is this live-work space located?
    The property is located at 4782 N State Highway 19 N Emory, TX.
    What is the asking price?
    The asking price for this property is $262,000.
    What are key features of this property?
    This property features: Approximately 2.8 acres with State Highway 19N frontage and access from Rains County Road 3325; Home currently used as residential; could also be used as an office or rental with some TLC; 4+ car covered carport plus additional outbuildings, including a large workshop with electricity and a half bath
    (903) 885-3146
    We can help!
    Listing Contact
    Keeley Roan
    Real Estate License ID: 0518734
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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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