Creative Studio and Retail
1132 Main Street Commerce, TX 75428
For Sale
$595,000
Updated commercial building with built-out Studio A & B, front office/retail space, and handicap-accessible entry and restroom.
Property Size3,119 SF
Price / SF$190.77
Days on Market93
Property Features for 1132 Main Street
General Information
- Standard status
- Active
- Size
- 3,119 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
Coldwell Banker Apex, REALTORS
(972) 567-0046
Listed By:
Dee Evans · License #0508288
Source:
Signaturere
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 23 at 3:26AM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
This updated commercial building is currently operating as a sound studio, rehearsal hall, and music retail space, with a front office and retail area plus a fully built-out Studio A & B infrastructure. The property includes handicap-accessible front entrance and restroom, along with commercial-grade finishes and improvements throughout, including a 2020 commercial 3-inch ISO roof, newly updated kitchen, electrical, plumbing, and HVAC systems, and new metal commercial ductwork. Additional exterior and interior work includes updated awning and exterior features, restored upper front window to match original architectural design, replaced double metal rear doors, and a renovated rear shop with a metal R-panel shed roof, plus fresh interior paint, custom painted metal ceiling tiles, and commercial-grade carpet, lighting, and ceiling fans.
Positioned in downtown Commerce on the university town square, the building features three leases already in place, supporting income from day one.
The sale includes the option to be sold with the full studio infrastructure; equipment and instruments are excluded.
Positioned in downtown Commerce on the university town square, the building features three leases already in place, supporting income from day one.
The sale includes the option to be sold with the full studio infrastructure; equipment and instruments are excluded.
Key Highlights
- Updated 3,119 SF commercial building built in 1920 in a downtown university town location.
- Three leases already in place; currently used as sound studio, rehearsal hall, and music retail space.
- 2020 commercial 3‑inch ISO roof, plus updated kitchen, electrical, plumbing, and HVAC systems.
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Music Recording Studio
Recording Studio
Brick Row Music ...
(Bike/Boat/Book/etc) Store
SOUND REFLECTION SOLUTION
Medical Clinic
FAQs
What type of property is this?
Creative space - Updated commercial building with built-out Studio A & B, front office/retail space, and handicap-accessible entry and restroom.
Where is this creative 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: Updated 3,119 SF commercial building built in 1920 in a downtown university town location.; Three leases already in place; currently used as sound studio, rehearsal hall, and music retail space.; 2020 commercial 3‑inch ISO roof, plus updated kitchen, electrical, plumbing, and HVAC systems.
