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    Historic Two-Unit Building Title is generated by Realmo AI

    102 E Jacksboro Street, Chico, TX 76431

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    Claim this Listing
    New
    For Sale
    $275,000

    Two separate street entries offer flexible use for an owner-occupant or separate tenants.

    Type:Commercial
    Property size:
    3,840 SF
    Price / SF:
    $71/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:21 am

    Property Features for 102 E Jacksboro Street

    General Information

    Standard status
    Active
    Size
    3,840 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1905

    We can help!

    Listing Contact
    SCOTT LOCKLEAR

    Listing agent SCOTT LOCKLEAR License #0468422

    Listing office The Real Estate Pro Shop

    Listing date Jun 3, 2026

    Source Signaturere

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Pro Shop

    HighLights

    • Historic building built in 1905
    • Two separate units (upstairs and down)
    • Two separate street entries for each unit

    Overview

    This vintage historic building was built in 1905 and features two distinct units with separate access. The property is configured as one unit upstairs and one unit downstairs, each with its own entry, creating operational separation for a range of commercial uses.

    The asset is located at 102 E Jacksboro Street in Chico, TX 76431. With two separate entrances, it can support day-to-day accessibility for occupants without requiring shared access.

    For buyers, the two-unit layout can support options such as living and working in one level while renting the other, or leasing both units to separate tenants. The separate entrances are particularly useful when you want independent arrival and entry flow. Offered for sale, this property is well suited to operators seeking a character building with a straightforward split between upper and lower spaces.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Wise
    State
    Texas
    Longitude
    -97.793271
    Latitude
    33.295053

    Nearby Similar for Sale

    • $275,000

      Historic Two-Unit Retail Building

      Built in 1905, this vintage property offers two separate units with independent upstairs and downstairs entries.
      102 E Jacksboro Street, Chico, TX 76431
      View Details
    • $299,000

      Business - Chico, TX

      Storefront property for sale with high foot traffic.
      113 W Decatur St, Chico, TX 76431
      View Details
    • $299,000
      2,772 SF

      Functional Storefront in Chico Square

      Storefront property in Chico town square with high foot traffic.
      113 W Decatur Street, Chico, TX 76431
      View Details

    FAQs

    What type of property is this?
    Specialty property - Two separate street entries offer flexible use for an owner-occupant or separate tenants.
    Where is this specialty property located?
    The property is located at 102 E Jacksboro Street Chico, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Historic building built in 1905; Two separate units (upstairs and down); Two separate street entries for each unit
    (940) 393-2727
    We can help!
    Listing Contact
    SCOTT LOCKLEAR
    Real Estate License ID: 0468422
    Learn More
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    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
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