Your AI Navigator in Commercial Real Estate
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

    902 S Jefferson St Mount Pleasant, TX 75455

    Sponsored
    For Sale
    $899,000

    Land - Mt Pleasant, TX

    Lot size:
    1.50 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 20 at 6:06 pm

    Property Features for 902 S Jefferson St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Lot size
    1.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Mayben

    Mayben Realty, LLC (903) 572-2400 [email protected]

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

    Listing date Jan 19, 2026

    MLS# 26000961 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

    Prime Commercial Land Opportunity

    This 1.5-acre commercial land is located off South Jefferson Avenue in Mount Pleasant, Texas, within sight of the junction with HWY 49, also known as Ferguson Road. The property's strategic positioning along these main thoroughfares offers visibility and accessibility. The site is suitable for various business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Clothing Store Electrical Service Auto Parts Store Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Titus
    State
    Texas
    Longitude
    -94.9505
    Latitude
    33.2159

    Nearby Similar for Sale

    • $650,000
      1.00 Acre

      Commercial Property in Mt Pleasant, TX

      Commercial property with building, home, and large lot in Mt. Pleasant.
      1107 W 1St St, 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
    • $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
    • $799,900
      2.06 Acres

      Turn-Key Restaurant and Bar Venue

      Thriving restaurant and bar on 2.06 acres in Mount Pleasant.
      1350 Industrial Rd, Mount Pleasant, TX 75455
      View Details
    • $2,999,900
      1.14 Acres

      Income-Producing Multifamily Property

      Fully leased multifamily building with 25 units in downtown.
      316 W 7Th St, Mount Pleasant, TX 75455
      View Details
    • $375,000
      2,518 SF

      Custom Home on 8 Acres

      Custom home with guest house, workshop, and pond on 8 acres.
      470 Cr 3330, Mount Pleasant, TX 75455
      View Details
    • $2,999,900
      1.14 Acres

      Mount Pleasant Multifamily Investment

      Fully leased multifamily property in downtown Mount Pleasant.
      316 W 7Th St, Mount Pleasant, TX 75455
      View Details
    • $645,000
      0.23 Acres

      Two-Story Office Facility in Mt. Pleasant

      Two-story office facility with co-working space near Main Street.
      802 N Jefferson St, Mount Pleasant, TX 75455
      View Details
    • $270,000
      399 SF

      Turnkey Resort Property on Lake

      Turnkey short-term rental in Twin Lakes Resort, Mount Pleasant, Texas.
      50 County Road 3227, Mount Pleasant, TX 75455
      View Details
    • $199,000
      8.00 Acres

      Equestrian Ranch with Owner Financing

      8-acre equestrian property with owner financing, near Mt. Pleasant.
      1786 Co Rd 1070, Mount Pleasant, TX 75455
      View Details
    • $900,000
      9,834 SF

      Historic Downtown Mt Pleasant Building

      Charming historic property with multiple income streams in thriving downtown.
      112 W 2Nd St, Mount Pleasant, TX 75455
      View Details
    • $745,000
      0.47 Acres

      Professional Office Facility Near Main

      Two-story office building with co-working space and customizable suites.
      802 North Jefferson St, Mount Pleasant, TX 75455
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale in a high-visibility location.
    Where is this commercial land located?
    The property is located at 902 S Jefferson St Mount Pleasant, TX.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Prime commercial location off South Jefferson Avenue, visible from HWY 49/Ferguson Road.; - High visibility and accessibility due to strategic positioning on main thoroughfares.; - 0.37 acre property suitable for business ventures.
    (903) 572-2400
    Request Owner's contact information
    902 S Jefferson 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.
    902 S Jefferson 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
    902 S Jefferson 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
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.