Commerce Mixed-Use Property For
For Sale
$235,000
1021 Park Street, Commerce, TX 75428
Mixed-use property with office, warehouse, and parking in Commerce, TX.
Property Size3,000 SF
Lot Size1.00 Acre
Price / SF$78.33
Days on Market113
Property Features for 1021 Park Street
General Information
Standard status
Active
Size
3,000 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
3,000 SF
Year Built
1975
Stories
1
Units
1
Listing Agency:
Freedom Realty
(903) 335-8921
Listed By:
Marlin Jones · License #0313227
(903) 439-5376
Source:
Signaturere
Added: Apr 22
Changed: Aug 7
Last Checked: Aug 11 at 2:29PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,862
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,240
$417.2K
Cap Rate 7%
$298,029
$298.0K
Cap Rate 9%
$231,800
$231.8K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$27.0K $9.00/SF
− Vacancy
−$2.5K −$0.82/SF
EGI
$24.5K $8.18/SF
− OpEx
−$3.7K −$1.23/SF
NOI
$20.9K $6.95/SF
Area
Hunt County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,240
Cap Rate 7%
$298,029
Cap Rate 9%
$231,800
Alternative Uses
Best Use
Industrial
$2.98M
$2.61M – $3.48M
NOI $208,669 @ 7.0% cap · market cap 88.80%
Second Best
Mixed Use
$591.4K
$517.5K – $690.0K
NOI $41,400 @ 7.0% cap · market cap 17.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 75428, TX
11,192
Population
4,616
Households
2.4
Avg Household Size
28
Median Age
23%
College-Educated
85%
High-School Grad
92.9 sq mi
ZIP Area
120
Density / Sq Mi
$48,372
Median Household Income
$23,299
Median Earnings
$910
Median Rent
$145,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $235,000.
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.
