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 W Main St Wolfe City, TX 75496

    View on Map
    Sponsored
    For Sale
    $250,000

    Business - Wolfe City, TX

    Type:Business
    Lot size:
    0.32 Acres
    Days on Market:
    46
    Last Refresh:
    Mar 7 at 11:06 pm

    Property Features for 514 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    107672
    Parking features
    Garage, Off Street, Parking Lot
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric

    Building Details

    Year built
    1980
    Flooring type
    Carpet
    Building materials
    Aluminum Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Denane Gray

    United Real Estate DFW (817) 360-8499

    Listing agent Denane Gray (817) 360-8499 License #0625829

    Listing date Jan 21, 2026

    MLS# 21023660 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.

    Learn more

    Property Insight Report

    Overview

    Wolfe City Church on Corner

    This church is located on a 0.321-acre corner lot, situated two blocks from downtown Wolfe City. The sanctuary can comfortably seat approximately 50 people and includes 14 pews. Adjacent to the sanctuary is a nursery. Additional rooms include a pastor's study, a small library, a kitchen, a cafeteria, a storage room, a classroom, and two restrooms. The property is located in a multizone area, allowing for multiple uses such as a daycare, rehab center, or restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolfe City
    County
    Hunt
    State
    Texas
    Longitude
    -96.075557
    Latitude
    33.371127

    Nearby Similar for Sale

    • New
      $1,795,000
      2,184 SF

      Texas Ranch with Trail Access

      65-acre ranch with custom home and trail access.
      901 County Road 3925, Wolfe City, TX 75496
      View Details
    • New
      $1,795,000
      65.41 Acres

      Texas Land with Rail Trail Access

      65+ acres with custom home, stables, and trail access.
      901 County Road 3925, Wolfe City, TX 75496
      View Details
    • New
      $230,000
      2,180 SF

      Income-Producing Duplex on Large Lot

      Duplex in Wolfe City with income potential on .576 acres.
      704 S Manson St, Wolfe City, TX 75496
      View Details
    • $849,999
      77.02 Acres

      Equestrian/Cattle Property in Wolfe City

      77-acre Texas ranch with new barn and multiple pastures.
      Tbd County Rd 4518, Wolfe City, TX 75496
      View Details
    • $280,000
      0.14 Acres

      Wolfe City Commercial Building

      Commercial building in Wolfe City, Texas, near Lake Ralph Hall.
      109 W Main St, Wolfe City, TX 75496
      View Details
    • Contact for pricing

      Wolfe City Agricultural Property

      21-acre agricultural property in Wolfe City, Texas.
      333 Ac, Wolfe City, TX 75496
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Church on a corner lot near downtown Wolfe City, Texas.
    Where is this church & religious facility located?
    The property is located at 514 W Main St Wolfe City, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Multi-zone location allows for diverse usage such as Daycare, Rehab Center, or Restaurant.; - Spacious 14,000 sq ft corner lot, just two blocks from downtown.; - Sanctuary seats approximately 50 people.
    (877) 663-9366
    Request Owner's contact information
    514 W Main St Wolfe City, TX 75496
    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 W Main St
    Wolfe City, TX 75496
    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 W Main St Wolfe City, TX 75496
    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
    Denane Gray
    Real Estate License ID: 0625829
    (877) 663-9366 (817) 360-8499
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!