Updated Downtown Retail
For Sale
$595,000
1132 Main Street, Commerce, TX 75428
CommercialSale, Commerce, TX
Property Size3,119 SF
Lot Size0.07 Acres
Price / SF$190.77
Days on Market100
Property Features for 1132 Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial-F1
Parking features
On Street
Vegetation
Wooded
Subdivision
Orig Town Of Commerce
Lot features
Interior Lot, Level
Directions
West I-30 Exit 101 SH24 to Live Oak St Right to Washington Left to Main Right Downtown Commerce Texas.
Standard status
Active
APN
54174
Lot size
0.07 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
S4380 ORIG TOWN OF COMMERCE BLK 4 LOT 15 ACRE
Tax Annual Amount
2459
Legal Description
S4380 ORIG TOWN OF COMMERCE BLK 4 LOT 15 ACRE
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Gas (Cooling), Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Number of units
1
Flooring type
Hardwood, Tile, Carpet
Building materials
Brick, FiberCement
Roof type
Composition
Buildings
1
Listing Agency:
Coldwell Banker Apex, REALTORS · Coldwell Banker Real Estate
(972) 772-9300
Listed By:
Dee Evans · License #0508288
(469) 450-7355
Added: Jul 27
Changed: Nov 1
Last Checked: Nov 3 at 9:06PM
MLS# 21206920
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this 3,119-square-foot retail property occupies a 0.072-acre parcel on the downtown square in Commerce. The building is currently arranged for a sound studio, rehearsal hall, and music retail operation, with front retail and office areas, two studio spaces, a kitchen, restroom, storage, and rear shop space. Three leases are in place. Studio infrastructure and building improvements may remain, while equipment and instruments are excluded.
Recent work includes a 2020 commercial 3-inch ISO roof, refreshed electrical, plumbing, HVAC, lighting, carpet, ceiling fans, ductwork, awning, exterior elements, and interior finishes. The property also features restored upper-front windows, replacement rear metal doors, a metal R-panel shed roof over the rear shop, and a handicap-accessible entrance and restroom. Brick and fiber cement construction, tile, hardwood, and carpet flooring, public water and sewer, central heating and cooling, natural gas service, and on-street parking complete the property profile.
Recent work includes a 2020 commercial 3-inch ISO roof, refreshed electrical, plumbing, HVAC, lighting, carpet, ceiling fans, ductwork, awning, exterior elements, and interior finishes. The property also features restored upper-front windows, replacement rear metal doors, a metal R-panel shed roof over the rear shop, and a handicap-accessible entrance and restroom. Brick and fiber cement construction, tile, hardwood, and carpet flooring, public water and sewer, central heating and cooling, natural gas service, and on-street parking complete the property profile.
Key Highlights
- 3,119‑square‑foot commercial building on a 0.072‑acre parcel
- Three leases currently in place
- Downtown square location in Commerce, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,186
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,720
$1.0M
Cap Rate 7%
$716,943
$716.9K
Cap Rate 9%
$557,622
$557.6K
Market Conditions
NOI Build-Up for 3,119 SF
Gross rent
$75.2K $24.12/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$71.7K $22.99/SF
− OpEx
−$21.5K −$6.90/SF
NOI
$50.2K $16.09/SF
Area
Hunt County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,720
Cap Rate 7%
$716,943
Cap Rate 9%
$557,622
Alternative Uses
Best Use
Retail
$716.9K
$627.3K – $836.4K
NOI $50,186 @ 7.0% cap · market cap 8.43%
Second Best
Office B
$565.1K
$494.4K – $659.3K
NOI $39,555 @ 7.0% cap · market cap 6.65%
Theoretical Best
Industrial
$3.10M
$2.71M – $3.62M
NOI $216,946 @ 7.0% cap · market cap 36.46%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
441
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
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?
Retail space - Three existing leases support immediate occupancy across a flexible, professionally improved commercial layout.
Where is this retail space located?
The property is located at 1132 Main Street Commerce, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,119‑square‑foot commercial building on a 0.072‑acre parcel; Three leases currently in place; Downtown square location in Commerce, TX
