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    Updated Office Building with Storefront Title is generated by Realmo AI

    110 N Central Avenue, Knox City, TX 79529

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    For Sale
    $65,000

    SINGLE_FAMILY - Knox City, TX

    Type:Office
    Lot size:
    0.60 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    247
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 110 N Central Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot, On Street
    Standard status
    Active
    APN
    0911
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Annual Amount
    920

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, ENERGY STAR Qualified Equipment
    Water source
    Public

    Building Details

    Year built
    1945
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate, Concrete
    Building materials
    Brick, Concrete

    We can help!

    Listing Contact
    J. Travis Hawkins
    J. Travis Hawkins

    Listing agent J. Travis Hawkins License #0643904

    Listing office KW SYNERGY* ABILENE, TX

    Listing date Sep 30, 2025

    MLS# 20957968

    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.

    HighLights

    • Updated interior with over 3,200 SF, including a 500 SF private office
    • Downtown Knox City location on State Hwy 6 at the intersection of State Hwy 222
    • Central heat and central air with ENERGY STAR qualified equipment
    • Plumbed break room kitchen area with natural gas connection for stove plus space for full‑size refrigerator and chest freezer
    • 4 additional lots behind the building, roughly 0.5 acres, providing potential for extra storage or parking
    • Handicap accessible sidewalks in front of the building, with ample front parking and parking lot and on‑street parking

    Overview

    This downtown office building offers an updated interior with a layout designed for both customer-facing and back-office needs. The space includes a full bathroom, storage room, utility room, and a dedicated media room for internet modems and a security system. A central heat & AC unit serves the building, and original tin ceiling tiles from the 1940s add character throughout. Inside, there is a break room with a kitchen area that is plumbed with natural gas for a stove, with room for a full-size refrigerator and chest freezer. The configuration also includes a private office space of approximately 500 square feet, along with a larger open storefront area.

    Located in downtown Knox City, the property sits on State Hwy 6 at the intersection of State Hwy 222. Access is described as strong, with handicap-accessible sidewalks in front of the building leading to the entrance, plus ample front parking.

    For buyers or operators seeking a downtown presence, the building’s storefront-style footprint and dedicated office support a range of small business uses. Behind the building, four additional lots totaling roughly 0.5 acres provide opportunities for expanded storage, additional parking, or an operation such as a hardware-oriented setup with equipment kept accessible from the rear.
    Location Intelligence

    Current Use by Public Records

    Knox County Hospital ... Crisis Center Knox County News Publishing House

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Hotel & Motel Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Knox City
    County
    Knox
    State
    Texas
    Longitude
    -99.819565
    Latitude
    33.418557

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    FAQs

    What type of property is this?
    Office building - Updated interior with central HVAC, private office, break area, and ample parking—well suited for a downtown storefront operation.
    Where is this office building located?
    The property is located at 110 N Central Avenue Knox City, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Updated interior with over 3,200 SF, including a 500 SF private office; Downtown Knox City location on State Hwy 6 at the intersection of State Hwy 222; Central heat and central air with ENERGY STAR qualified equipment
    (325) 692-4488
    We can help!
    Listing Contact
    J. Travis Hawkins
    J. Travis Hawkins
    Real Estate License ID: 0643904
    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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