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    Updated Mixed-Use Building in Marshall, TX Title is generated by Realmo AI

    107 W Rusk St., Marshall, TX 75670

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    For Sale
    $855,000

    Completely updated mixed-use building with office spaces and residential apartments.

    Type:Multifamily
    Property size:
    8,450 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $101/SF
    Added:
    Mar 5, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 8:52 pm

    Property Features for 107 W Rusk St.

    General Information

    Standard status
    Active
    Size
    8,450 SF
    Lot size
    0.33 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Jack Lenhart Commercial

    Listing agent Jack Lenhart Commercial License #441875

    Listing office

    Listing date Mar 5, 2026

    Source Cbcworldwide

    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 Jack Lenhart Commercial

    HighLights

    • Completely updated 8,450 sq. ft. building in thriving downtown Marshall, TX
    • Mix of commercial and residential units for flexible use
    • Private gated parking lot with dedicated two‑car spaces
    • Larger 1st floor office with 3 executive private offices, original wood paneling, and fireproof safe
    • Second larger apartment unit accessible by elevator, featuring original white oak wood flooring and modern amenities
    • Spacious 1st floor apartment with modern bathroom, rainfall shower, and large walk‑in closet

    Overview

    This updated 8,450 sq. ft. mixed-use building is located in downtown Marshall, TX. It features two office spaces and two residential apartments. The property is surrounded by commercial buildings and includes a gated parking lot with private two-car parking spaces. The larger first-floor office has three executive private offices with original wood paneling, a fireproof safe, a half bath, a kitchenette, and two storage rooms. The second first-floor office includes working space, a coffee bar, and a half bath. The first-floor apartment features a large dining area, a generous-sized bedroom, a modern bathroom with a rainfall shower, and a walk-in closet that is almost 9'x9'. The second, larger apartment unit is accessible via an external private entrance or elevator. This spacious apartment has original white oak wood flooring and wood paneling, an open living and dining design, an extra front room suitable for an office, gym, or bedroom, an owner's suite with an attached bathroom suite, a second full bathroom for guests, and a laundry room. The property sits on 0.3289 acres and is suitable for business and residential use or investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Chili House, Inc. Food Processing Plant Agnor Insurance Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Harrison
    State
    Texas
    Longitude
    -94.3678
    Latitude
    32.5468

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    FAQs

    What type of property is this?
    Mixed-use property - Completely updated mixed-use building with office spaces and residential apartments.
    Where is this mixed-use property located?
    The property is located at 107 W Rusk St. Marshall, TX.
    What is the asking price?
    The asking price for this property is $855,000.
    What are key features of this property?
    This property features: Completely updated 8,450 sq. ft. building in thriving downtown Marshall, TX; Mix of commercial and residential units for flexible use; Private gated parking lot with dedicated two‑car spaces
    (903) 918-2707
    We can help!
    Listing Contact
    Jack Lenhart Commercial
    Real Estate License ID: 441875
    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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