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    Retail-Residential Building with Rear Entrance Title is generated by Realmo AI

    117 N Main Street, Cross Plains, TX 76443

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    For Sale
    $125,000

    SINGLE_FAMILY - Cross Plains, TX

    Type:Retail
    Lot size:
    0.08 Acres
    Added:
    Dec 13, 2025
    Days on Market:
    172
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 117 N Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    On Street, Alley
    Standard status
    Active
    APN
    R013976
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Description
    LOT: 8 BLK: 38 SUBD: CENTRAL - CP (SALAMANDER
    Tax Annual Amount
    1009

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate, Tile
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Jordan Barton

    Listing agent Jordan Barton License #0769808

    Listing office Turnkey Realty LLC Odessa, TX

    Listing date Dec 13, 2025

    MLS# 21131940

    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

    • Brick building built in 1920 in downtown Cross Plains
    • Flat roof with laminate and tile flooring
    • Central heating and central air conditioning
    • Public water and public sewer connected
    • Recently rewired electrical and HVAC is newer
    • Full bathroom plus private rear parking with a rear entrance for separated work and residential use

    Overview

    This downtown Cross Plains building is set up for flexible use, with a full bathroom that supports either residential living or a commercial setup. The property has been recently rewired, and the HVAC system is newer, helping reduce near-term maintenance concerns. Additional private parking at the rear of the building includes a private rear entrance, which allows you to keep work and residential activities more discreetly separated.

    The location is centered in the heart of downtown Cross Plains, close to the school and directly across from the hardware store. The seller notes the property benefits from high traffic counts, making it a practical choice for retail-oriented or customer-facing uses.

    With its adaptable interior and dual-access layout, this building can appeal to owner-operators looking to live and work in the same place, as well as buyers seeking a property that can support multiple operating models. The combination of dependable mechanical updates, rear privacy, and an active downtown position provides a solid foundation for a range of commercial and mixed-use plans.
    Location Intelligence

    Current Use by Public Records

    Donna's Southern Roots Hair Salon AGO Art Gallery

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cross Plains
    County
    Callahan
    State
    Texas
    Longitude
    -99.1656381
    Latitude
    32.1255767

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    FAQs

    What type of property is this?
    Storefront property - Downtown Cross Plains building offers newer HVAC, recent rewiring, and a private rear entrance for separating work and living.
    Where is this storefront property located?
    The property is located at 117 N Main Street Cross Plains, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Brick building built in 1920 in downtown Cross Plains; Flat roof with laminate and tile flooring; Central heating and central air conditioning
    (432) 349-6667
    We can help!
    Listing Contact
    Jordan Barton
    Real Estate License ID: 0769808
    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.

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