Sign Up Successful!
You now have access to more from Realmo!
    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 St Center, TX 75935

    Sponsored
    For Sale
    Contact for pricing

    Land/Acreage - Center, TX

    Lot size:
    0.17 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 4 at 9:06 pm

    Property Features for 514 Shelbyville St

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Heather Chambliss
    Heather Chambliss

    Chambliss Real Estate (936) 591-1196

    Listing agent Heather Chambliss (936) 591-1196

    Listing date Jan 22, 2026

    MLS# 22501478 Listing URL

    Copyright © 2026 Nacogdoches Board of Realtors. 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

    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
    -94.1757947
    Latitude
    31.7936443

    Nearby Similar for Sale

    • $1,500,000
      0.49 Acres

      Turn-Key Car Wash Investment

      Profitable car wash with tunnel and self-serve bays in Center, TX.
      611 Tenaha St, Center, TX 75935
      View Details
    • $139,900
      2,486 SF

      Center, TX Retail Opportunity

      Retail space with warehouse, canopy, and vacant lot.
      1455 Southview Cir, Center, TX 75935
      View Details
    • New
      $199,000
      11,000 SF

      Versatile Commercial Space in Center, TX

      11,000 SF commercial building with multiple rental opportunities.
      1010 Nacogdoches St, Center, TX 75935
      View Details
    • $250,000
      4,116 SF

      Established Storefront on 6.97 Acres

      Commercial property with established business, outbuildings, and acreage.
      1866 Hwy 7E, Center, TX 75935
      View Details
    • $975,000
      43.85 Acres

      Broiler Farm in Center, Texas

      Six-house broiler farm on 43.85 acres with Tyson contract.
      2705 Cr 3047, Center, TX 75935
      View Details
    • $110,000
      1,216 SF

      Tenaha Street Commercial Investment Opportunity

      Commercial building with multiple income opportunities and high visibility.
      309 Tenaha St, Center, TX 75935
      View Details
    • $167,000
      2,488 SF

      Two Buildings Near Historic Downtown

      Two buildings on almost one acre near historic downtown.
      516 &518 Shelbyville St, Center, TX 75935
      View Details
    • New
      $1,350,000
      40.00 Acres

      Profitable Poultry Farm on 40 Acres

      Active poultry farm with six broiler houses in Shelby County.
      2550 County Road 4293, Center, TX 75935
      View Details
    • New
      $1,750,000
      42.00 Acres

      6-House Broiler Farm on 42 Acres

      Income-producing broiler farm with modern facilities in Shelby County, TX.
      Tbd Cr 3085, Center, TX 75935
      View Details
    • $149,000
      2,250 SF

      Storage Facility Investment Opportunity

      Established storage unit facility with income potential in Center, Texas.
      520 Shelbyville St, Center, TX 75935
      View Details
    • $2,315,000
      19,500 SF

      Midtown Bonita: Retail & Restaurant Space

      Prime Lee County retail/restaurant opportunity. Multiple suites available.
      807 Hurst St, Center, TX 75935
      View Details
    • $1,790,000
      3,490 SF

      Center, TX Car Wash Investment

      Profitable Car Wash, High Cash Flow
      611 Tenaha St, 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 St Center, TX.
    What is the asking price?
    The asking price for this property is $20,000.
    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
    Request Owner's contact information
    514 Shelbyville St Center, TX 75935
    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.
    514 Shelbyville St
    Center, TX 75935
    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
    514 Shelbyville St Center, TX 75935
    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

    We can help!
    Listing Contact
    Heather Chambliss
    Heather Chambliss
    Real Estate License ID: 0696230
    (936) 591-1196
    Learn more
    Google sign-in failed. Please try again or use another login method.