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

    760 E 16Th St Mount Pleasant, TX 75455

    View on Map
    Sponsored
    For Sale
    $495,000

    Building - Mt Pleasant, TX

    Property size:
    4,000 SF
    Lot size:
    6.96 Acres
    Days on Market:
    170
    Last Refresh:
    Mar 10 at 3:06 pm

    Property Features for 760 E 16Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Size
    4,000 SF
    Lot size
    6.96 Acres

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1995
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Mayben

    Mayben Realty, LLC (903) 572-2400

    Listing agent Michael Mayben (903) 572-2400 License #0604835

    Listing date Sep 22, 2025

    MLS# 25003190 Listing URL

    Copyright © 2026 Greater Tyler Association 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

    Versatile Commercial Building on Acreage

    This commercial property, formerly utilized as an office, storage, and workshop for an excavation company, presents a versatile opportunity. Situated within city limits on over 6 acres, the property benefits from frontage on E 16th Street (Highway 67 East). The existing 4,000 square foot building is divided into office space at the front, including a bathroom, and a workshop area at the rear, equipped with rollup doors. The property's commercial zoning and location offer possibilities for various ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    R L Gerhart ... General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Titus
    State
    Texas
    Longitude
    -94.95317
    Latitude
    33.17292

    Nearby Similar for Sale

    • $585,000
      6,800 SF

      Versatile Warehouse and Office Space

      6800 sq ft warehouse/office on 2+ acres in Mt. Pleasant.
      450 County Road 1312, Mount Pleasant, TX 75455
      View Details
    • $179,000
      0.40 Acres

      Move-In Ready Office Building

      Updated office building with flexible rental options and large lot.
      1304 W Ferguson Rd, Mount Pleasant, TX 75455
      View Details
    • $550,000
      0.40 Acres

      Versatile Hangar with Living Space

      Hangar with living space, ideal for aviation enthusiasts.
      601 Mike Hall Pkwy, Mount Pleasant, TX 75455
      View Details
    • $515,000
      1,690 SF

      Turnkey Ranch Ready for Livestock

      40-acre ranch near Mount Pleasant, TX, ready for immediate use.
      1699 County Road 3240, Mount Pleasant, TX 75455
      View Details
    • $945,000
      0.81 Acres

      Mount Pleasant Commercial Opportunity

      Retail, office, and shop space near Interstate 30.
      1428 N Jefferson St, Mount Pleasant, TX 75455
      View Details
    • $999,000
      2,184 SF

      Prime Commercial Location in Mt Pleasant

      Commercial building on a large lot with business potential.
      509 S Jefferson St, Mount Pleasant, TX 75455
      View Details
    • $350,000
      3,200 SF

      Versatile Warehouse with I-30 Visibility

      Commercial property with warehouse, office, and expansion potential.
      15 Trl 2, Mount Pleasant, TX 75455
      View Details
    • $650,000
      0.53 Acres

      Commercial Building in Prime Location

      Commercial building in Mt Pleasant, TX, currently operating as restaurant.
      237 W Ferguson Rd, Mount Pleasant, TX 75455
      View Details
    • $199,000
      8.00 Acres

      Equestrian Facility on 8 Acres

      8-acre equestrian property with horse facilities near Mt. Pleasant, TX.
      1786 County Road 1070, Mount Pleasant, TX 75455
      View Details
    • $1,200,000
      0.09 Acres

      Downtown Mt Pleasant Investment Opportunity

      Three-story building in historic district, suitable for office or multifamily.
      301 N Jefferson St, Mount Pleasant, TX 75455
      View Details
    • $725,000
      0.25 Acres

      Spacious Office Building Near Courthouse

      7,840 SF office building with 22 offices near courthouse.
      312-314 W Alabama St, Mount Pleasant, TX 75455
      View Details
    • New
      $752,100
      109.00 Acres

      109 Acres Outside Mt. Pleasant

      109 acres ideal for farming, ranching, or agricultural ventures.
      Tbd Fm 2348, Mount Pleasant, TX 75455
      View Details

    FAQs

    What type of property is this?
    Industrial property - 4,000 SF building on 6+ acres, Highway 67 frontage.
    Where is this industrial property located?
    The property is located at 760 E 16Th St Mount Pleasant, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Prime location on Highway 67 East (E 16th Street) within city limits.; - Large 6+ acre property.; - Substantial 4,000 +- square foot building.
    (903) 572-2400
    Request Owner's contact information
    760 E 16Th St Mount Pleasant, TX 75455
    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.
    760 E 16Th St
    Mount Pleasant, TX 75455
    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
    760 E 16Th St Mount Pleasant, TX 75455
    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
    Michael Mayben
    Real Estate License ID: 0604835
    (903) 572-2400 (903) 855-7298
    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!