Commerce Mixed-Use Property For
1021 Park Street Commerce, TX 75428
For Sale
$250,000
Mixed-use property with office, warehouse, and parking in Commerce, TX.
Property Size3,000 SF
Lot Size1.00 Acre
Price / SF$83.33
Days on Market99
Property Features for 1021 Park Street
General Information
Standard status
Active
Size
3,000 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1975
Listing Agency:
Freedom Realty
(903) 335-8921
Listed By:
Marlin Jones · License #0313227
(903) 439-5376
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 28 at 4:38PM
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 Freedom Realty
Investment Insights
Based on property information with market context.
Located in downtown Commerce, this property features a 3,000 square foot building on an almost one-acre lot. The building includes 1,500 square feet of office space with two half baths, central heat and air, and gas heat, along with a security system. An additional 1,500 square feet of warehouse space is available, with the potential for constructing additional offices. The exterior is constructed of brick and metal. The property also includes 11,000 square feet of asphalt parking. This property is suitable for a number of uses. Office furniture can remain if needed.
Key Highlights
- Prime downtown location in Commerce on almost 1 acre.
- 3,000 sqft building with existing office space and warehouse.
- 1,500 sqft of warehouse space ready for office build‑out.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $9.00 |
| − Vacancy | −$2.5k | −$0.82 |
| EGI | $24.5k | $8.18 |
| − OpEx | −$3.7k | −$1.23 |
| NOI | $20.9k | $6.95 |
3,000 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Industrial
$2.98M
$2.61M – $3.48M
NOI $208,669 @ 7.0% cap · market cap 83.47%
Second Best
Mixed Use
$591.4K
$517.5K – $690.0K
NOI $41,400 @ 7.0% cap · market cap 16.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with office, warehouse, and parking in Commerce, TX.
Where is this mixed-use property located?
The property is located at 1021 Park Street Commerce, 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: Prime downtown location in Commerce on almost 1 acre.; 3,000 sqft building with existing office space and warehouse.; 1,500 sqft of warehouse space ready for office build‑out.
