Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    514 Shelbyville Street Center, TX 75935

    View on Map
    Pending
    Contact for pricing

    Land/Acreage - Center, TX

    Lot size:
    0.17 Acres
    Added:
    Aug 15, 2025
    Days on Market:
    231
    Last Refresh:
    Apr 2 at 4:06 am

    Property Features for 514 Shelbyville Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    0.17 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Heather Chambliss
    Heather Chambliss

    Listing agent Heather Chambliss

    Listing office Chambliss Real Estate 203 Hurst St., Suite B, Center, TX

    Listing date Aug 15, 2025

    MLS# 22501478 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.

    Overview

    Commercial Land in Center, Texas

    This 0.17-acre parcel is located within the Center City Limits and is equipped with all needed utilities. The property is surrounded by commercial properties but is currently zoned residential. It offers high traffic visibility and is a short distance from the Center Square. This land is located at 514 Shelbyville Street, Center, TX 75935.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Center
    County
    Shelby
    State
    Texas
    Longitude
    -94.17776
    Latitude
    31.793983

    Nearby Similar for Sale

    • $299,000
      4,000 SF

      Versatile Commercial Property in Center, TX

      5.51-acre commercial property with insulated building and barn.
      2524 US Hwy 96 N, Center, TX 75935
      View Details
    • $975,000

      Broiler Farm in Center, Texas

      Six-house broiler farm on 43.85 acres with Tyson contract.
      2705 CR 3047, Center, TX 75935
      View Details
    • $199,000

      Versatile Commercial Space in Center, TX

      11,000 SF commercial building with multiple rental opportunities.
      1010 Nacogdoches Street, Center, TX 75935
      View Details
    • $1,500,000

      Turn-Key Car Wash Investment

      Profitable car wash with tunnel and self-serve bays in Center, TX.
      611 Tenaha Street, Center, TX 75935
      View Details
    • $337,155

      Land with Utilities and Development Potential

      48+ acres with utilities, ponds, and development possibilities.
      600 Harmony Trail, Center, TX 75935
      View Details
    • $1,350,000

      Profitable Poultry Farm on 40 Acres

      Active poultry farm with six broiler houses in Shelby County.
      2550 CR 4293, Center, TX 75935
      View Details
    • $199,000
      8,400 SF

      Center, TX Retail Opportunity

      Retail building with high traffic location in Center, Texas.
      826 Shelbyville Street, Center, TX 75935
      View Details
    • $99,999
      1,216 SF

      Tenaha Street Commercial Investment Opportunity

      Commercial building with income potential and high visibility on Tenaha.
      309 TENAHA STREET, Center, TX 75935
      View Details
    • $425,000

      86.5 Acre East Texas Land

      Upland property with planted pine near Attoyac River.
      000 County Road 1245, Center, TX 75935
      View Details
    • $498,285

      Unrestricted Acreage in Shelby County

      66.44 acres of unrestricted land in Center, Texas.
      887 County Road 1265, Center, TX 75935
      View Details
    • $730,000

      100 Acre Mixed-Use Property

      Mixed-use property featuring pasture, timber, and recreational appeal in Shelby County.
      973 County Road 2572, Center, TX 75935
      View Details
    • $1,190,000

      Waterfront Land with Development Potential

      108+ acres with reservoir frontage and dual road access.
      00 County Road 1211, Center, TX 75935
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with utilities, located within Center City Limits.
    Where is this commercial land located?
    The property is located at 514 Shelbyville 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: Located within Center City Limits; Equipped with all needed utilities; High Traffic Visibility
    (936) 591-1196
    We can help!
    Listing Contact
    Heather Chambliss
    Heather Chambliss
    Real Estate License ID: 0696230
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!