Flex Building with
For Sale
$235,000
Pending
1021 Park Street, Commerce, TX 75428
CommercialSale, Commerce, TX
Property Size3,000 SF
Lot Size0.99 Acres
Days on Market116
Property Features for 1021 Park Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Security features
Security
Subdivision
Orig Town Of Commerce
Lot features
Acreage, Level, Few Trees
Directions
GPS
Standard status
Pending
APN
54184
Lot size
0.99 Acres
Taxes and HOA fees
Tax Description
S4380 ORIG TOWN OF COMMERCE BLK 4A LOT 3-5 AC
Tax Annual Amount
5318
Legal Description
S4380 ORIG TOWN OF COMMERCE BLK 4A LOT 3-5 AC
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
security system
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Concrete, Vinyl
Building materials
Brick, SteelSiding
Roof type
Metal
Buildings
1
Listing Agency:
Freedom Realty
(903) 335-8921
Listed By:
Marlin Jones
(903) 348-5836
Added: Jul 10
Changed: Oct 25
Last Checked: Nov 2 at 2:06AM
MLS# 21239339
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.
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Investment Insights
Based on property information with market context.
This flex property in Commerce includes a 3,000-square-foot building divided between 1,500 square feet of office area and 1,500 square feet of warehouse space. The office portion includes two half baths, central air conditioning, central natural-gas heat, and a security system. The warehouse area is positioned for additional office construction. Brick and steel-siding exteriors, concrete and vinyl flooring, and a metal roof complete the building improvements.
The property occupies 0.986 acres in downtown Commerce and includes 11,000 square feet of asphalt parking. Public water and public sewer serve the site, providing established utility infrastructure for the existing improvements.
The property occupies 0.986 acres in downtown Commerce and includes 11,000 square feet of asphalt parking. Public water and public sewer serve the site, providing established utility infrastructure for the existing improvements.
Key Highlights
- 0.986‑acre lot in downtown Commerce
- 3,000 square foot building with 1,500 square feet of office and 1,500 square feet of warehouse space
- 11,000 square feet of asphalt parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,862
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
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
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 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
Office B
$543.5K
$475.6K – $634.1K
NOI $38,046 @ 7.0% cap · market cap 16.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Commerce property combining office accommodations, warehouse space, paved parking, and public utilities.
Where is this flex space 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: 0.986‑acre lot in downtown Commerce; 3,000 square foot building with 1,500 square feet of office and 1,500 square feet of warehouse space; 11,000 square feet of asphalt parking
