Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Acreage with Commercial Potential Title is generated by Realmo AI

    Tbd State Highway 11, Commerce, TX 75428

    View on Map
    Claim this Listing
    For Sale
    $700,000

    Improved Land - Commerce, TX

    Property size:
    2,800 SF
    Lot size:
    23.06 Acres
    Price / SF:
    $250/SF
    Added:
    Mar 24, 2026
    Days on Market:
    69
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for Tbd State Highway 11

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24076
    Size
    2,800 SF
    Lot size
    23.06 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    D'Anna Bates

    Listing agent D'Anna Bates License #0682958

    Listing office McBrayer Realty Services, Inc. 4712 Deer Valley, Richardson, TX

    Listing date Mar 24, 2026

    MLS# 21213876 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.

    HighLights

    • 23.06± acre property featuring 21.56 acres of hay meadow and 1.5 acres of commercial zoning.
    • 2,800 sq ft building (built in 2000) with bathrooms, running water, and electricity.
    • Excellent conversion potential to barndominium, party barn, or event venue.
    • Versatile property suitable for private retreat, income‑producing venue, or agricultural expansion.
    • Desirable setting offering rural charm and business potential.
    • Located at [-95.956154,33.309296].

    Overview

    This 23.06-acre property offers a combination of agricultural and commercial possibilities. Approximately 21.56 acres are utilized as a productive hay meadow, while 1.5 acres are designated for rural commercial use. A 2,800 square foot building, constructed in 2000, is equipped with bathrooms, running water, and electricity. This structure could be converted into a barndominium, party barn, or event venue. The property is suited for those seeking a blend of rural charm and business potential, offering opportunities for a private retreat, income-producing venue, or expanded agricultural operations in Commerce, Texas.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Commerce
    County
    Hunt
    State
    Texas
    Longitude
    -95.956151
    Latitude
    33.309294

    Nearby Similar for Sale

    • $500,000
      7,184 SF

      Commerce, TX Entertainment Venue

      Historic two-story commercial building with established entertainment venue.
      1205 Main Street, Commerce, TX 75428
      View Details
    • $250,000
      3,000 SF

      Commerce Office with Warehouse Space

      Office and warehouse space with large parking area in Commerce.
      1021 Park Street, Commerce, TX 75428
      View Details
    • $398,000
      1,454 SF

      Country Home on 7 Acres

      Charming 3-bedroom home on 7 acres near Commerce, TX.
      4760 County Road 4603, Commerce, TX 75428
      View Details
    • $49,900

      Revitalized Downtown Commerce Retail Opportunity

      Prime commercial opportunity in revitalized downtown Commerce, Texas.
      1102 Main Street, Commerce, TX 75428
      View Details
    • $239,000

      Commerce, TX Commercial Building

      2,130 sq ft commercial building near East Texas A&M.
      1706 Lee Street, Commerce, TX 75428
      View Details
    • $139,500
      1,683 SF

      Historic Retail Building on Main

      Charming historic building in the heart of Commerce, Texas.
      1222 Main Street, Commerce, TX 75428
      View Details
    • $250,000

      Versatile Commercial Property in Commerce, TX

      Flexible commercial property suitable for retail, office, or service businesses.
      1105 Washington St., Commerce, TX 75428
      View Details
    • $1,500,000
      2,614 SF

      Commerce, TX Farm/Ranch Opportunity

      131-acre farm/ranch with custom home near Lake Ralph Hall.
      6559 FM 2068, Commerce, TX 75428
      View Details
    • $599,000
      2,110 SF

      Hunt County AG-Exempt Acreage

      Productive 46.6-acre farm with residence near Commerce, Texas.
      6482 County Road 4700, Commerce, TX 75428
      View Details
    • $549,000

      Well-Maintained Commercial Building on Corner Lot

      ADA-approved 6,500 sq ft building suitable for various purposes.
      803 CHESTNUT Street, Commerce, TX 75428
      View Details
    • $200,000

      Commerce, TX Retail Opportunity

      Three city lots with metal building in Commerce, Texas.
      1410 Washington Street, Commerce, TX 75428
      View Details
    • $495,000
      1,890 SF

      Commerce, TX Farm/Ranch Property

      11.55 acre farm/ranch with 3 bed, 2 bath home.
      5335 Highway 11, Commerce, TX 75428
      View Details

    FAQs

    What type of property is this?
    Specialty property - 23.06 acres with building, ideal for various ventures.
    Where is this specialty property located?
    The property is located at Tbd State Highway 11 Commerce, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 23.06± acre property featuring **21.56 acres of hay meadow** and 1.5 acres of commercial zoning.; 2,800 sq ft building (built in 2000) with bathrooms, running water, and electricity.; **Excellent conversion potential** to barndominium, party barn, or event venue.
    (972) 235-7400
    We can help!
    Listing Contact
    D'Anna Bates
    Real Estate License ID: 0682958
    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

    Thank You for Inquiry
    Tbd State Highway 11, Commerce, TX 75428
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!