Updated Retail Studio
For Sale
$595,000
1132 Main Street, Commerce, TX 75428
SINGLE_FAMILY - Commerce, TX
Property Size3,119 SF
Lot Size0.07 Acres
Price / SF$190.77
Days on Market122
Property Features for 1132 Main Street
General Information
Property type
Residential
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
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
Central, Natural Gas
Cooling system
Central Air, Gas (Cooling)
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet, Hardwood
Building materials
Brick, FiberCement
Roof type
Composition
Listing Agency:
Coldwell Banker Apex, REALTORS · Coldwell Banker Real Estate
(972) 772-9300
Listed By:
Dee Evans · License #0508288
(469) 450-7355
Added: Apr 3
Changed: Aug 1
Last Checked: Aug 2 at 4:06PM
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.
Investment Insights
Based on property information with market context.
Updated retail studio building totaling 3,119 sq ft, positioned for downtown use in a university town setting. The building is currently operating as a sound studio, rehearsal hall, and music retail space, with fully built-out Studio A & B infrastructure plus a front office and retail space. A handicap-accessible front entrance and restroom are in place.
Multiple leases are already in place. Improvements include a 2020 commercial 3-inch ISO roof, recently updated kitchen, electrical, plumbing, and HVAC systems, and new metal commercial ductwork. Additional upgrades include an updated awning and exterior features, custom painted metal ceiling tiles, commercial-grade carpet, lighting, and ceiling fans, and restored upper front window details to match original architectural design. Double metal rear doors were replaced, and the rear shop received a metal R-panel shed roof.
The building is constructed of brick and fiber cement, with composition roofing and public water and public sewer services. Heating and cooling are provided via central natural gas and central air systems. Parking is available via on-street spaces.
Multiple leases are already in place. Improvements include a 2020 commercial 3-inch ISO roof, recently updated kitchen, electrical, plumbing, and HVAC systems, and new metal commercial ductwork. Additional upgrades include an updated awning and exterior features, custom painted metal ceiling tiles, commercial-grade carpet, lighting, and ceiling fans, and restored upper front window details to match original architectural design. Double metal rear doors were replaced, and the rear shop received a metal R-panel shed roof.
The building is constructed of brick and fiber cement, with composition roofing and public water and public sewer services. Heating and cooling are provided via central natural gas and central air systems. Parking is available via on-street spaces.
Key Highlights
- 3,119 sq ft downtown retail studio building with sound studio, rehearsal hall, and music retail space
- Three leases already in place with fully built‑out Studio A and B infrastructure
- 2020 commercial 3‑inch ISO roof plus updated electrical, plumbing, and HVAC
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.2k | $24.12 |
| − Vacancy | −$3.5k | −$1.13 |
| EGI | $71.7k | $22.99 |
| − OpEx | −$21.5k | −$6.90 |
| NOI | $50.2k | $16.09 |
3,119 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Updated downtown retail studio building with multiple leases and built-out Studio A and B infrastructure.
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 sq ft downtown retail studio building with sound studio, rehearsal hall, and music retail space; Three leases already in place with fully built‑out Studio A and B infrastructure; 2020 commercial 3‑inch ISO roof plus updated electrical, plumbing, and HVAC
