Commercial Land with Existing
New
For Sale
$199,000
105 N Bonner Avenue, Kerens, TX 75144
CommercialSale, Kerens, TX
Property Size480 SF
Lot Size1.53 Acres
Price / SF$414.58
Days on Market2
Property Features for 105 N Bonner Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial Residential
Parking features
On Street, Driveway
Subdivision
Kerens Ot
Directions
From Highway 31 headed East when you pass the Ice House in Kerens you will take the right onto North Bonner Avenue and you will see the property on the right hand side.
Standard status
Active
APN
31560
Size
480 SF
Lot size
1.53 Acres
Taxes and HOA fees
Tax Description
K0100 KERENS OT BLK 43 LOT PT OF 7 & 8 .11 AC
Tax Annual Amount
510
Legal Description
K0100 KERENS OT BLK 43 LOT PT OF 7 & 8 .11 AC
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Listing Agency:
eXp Realty LLC
Listed By:
Leslie Melton · License #0658693
(888) 519-7431
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 3 at 7:06AM
MLS# 21416700
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1.53-acre commercial land parcel includes a 16-by-40-foot building with water, electricity, and a half bath. Public water and sewer serve the property, and a circular driveway provides vehicle access. The building was constructed in 2021; its interior has vinyl flooring and a window air-conditioning unit.
The property is just off Highway 31 in Kerens, next to the Ice House and across from Dragon Mart. Zoning allows both commercial and residential use.
The property is just off Highway 31 in Kerens, next to the Ice House and across from Dragon Mart. Zoning allows both commercial and residential use.
Key Highlights
- 1.53‑acre parcel with commercial and residential zoning
- 16‑by‑40‑foot building with water, electricity, and a half bath
- Public water and sewer; circular driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,967
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,340
$159.3K
Cap Rate 7%
$113,814
$113.8K
Cap Rate 9%
$88,522
$88.5K
Market Conditions
NOI Build-Up for 480 SF
Gross rent
$12.0K $24.96/SF
− Vacancy
−$599 −$1.25/SF
EGI
$11.4K $23.71/SF
− OpEx
−$3.4K −$7.11/SF
NOI
$8.0K $16.60/SF
Area
Navarro County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,340
Cap Rate 7%
$113,814
Cap Rate 9%
$88,522
Alternative Uses
Best Use
Retail
$113.8K
$99.6K – $132.8K
NOI $7,967 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.27M
$4.61M – $6.15M
NOI $369,131 @ 7.0% cap · market cap 185.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 75144, TX
3,462
Population
1,655
Households
2.1
Avg Household Size
47
Median Age
21%
College-Educated
89%
High-School Grad
173.7 sq mi
ZIP Area
20
Density / Sq Mi
$62,528
Median Household Income
$33,354
Median Earnings
$847
Median Rent
$156,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The on-site structure has water, electricity, and a half bath.
Where is this commercial land located?
The property is located at 105 N Bonner Avenue Kerens, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1.53‑acre parcel with commercial and residential zoning; 16‑by‑40‑foot building with water, electricity, and a half bath; Public water and sewer; circular driveway
