Retail Space in Meridian,
For Sale
Contact for pricing
119 RIVER ST, Meridian, TX 76665
760 SF retail space available for purchase.
Property Size760 SF
Price / SF$263.16
Days on Market145
Property Features for 119 RIVER ST
General Information
Standard status
Active
Size
760 SF
Property subtype
Retail
Building Details
Year Built
1920
Listing Agency:
Bentwood Realty
Listed By:
Cody Powell · License #TX 9000631
(254) 300-4800
Source:
Crexi
Added: May 26
Changed: Oct 7
Last Checked: Oct 16 at 9:29AM
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 Bentwood Realty
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Investment Insights
Based on property information with market context.
This commercial real estate offering features a 760-square-foot retail space. The property is located in Meridian, Texas.
Key Highlights
- 760 SF of space
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,856
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,120
$177.1K
Cap Rate 7%
$126,514
$126.5K
Cap Rate 9%
$98,400
$98.4K
Market Conditions
NOI Build-Up for 760 SF
Gross rent
$14.1K $18.60/SF
− Vacancy
−$1.5K −$1.95/SF
EGI
$12.7K $16.65/SF
− OpEx
−$3.8K −$4.99/SF
NOI
$8.9K $11.65/SF
Area
Bosque County, TX
Vacancy
10.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,120
Cap Rate 7%
$126,514
Cap Rate 9%
$98,400
Alternative Uses
Best Use
Retail
$126.5K
$110.7K – $147.6K
NOI $8,856 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$200.5K
$175.5K – $233.9K
NOI $14,036 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Exxon
Shops & Services
2,247 visits/mo
0.3 miles
Simple Simon's Pizza
Dining
258 visits/mo
0.3 miles
Demographics for 76665, TX
2,390
Population
1,441
Households
1.7
Avg Household Size
47
Median Age
17%
College-Educated
89%
High-School Grad
167.3 sq mi
ZIP Area
14
Density / Sq Mi
$62,098
Median Household Income
$36,500
Median Earnings
$624
Median Rent
$124,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - 760 SF retail space available for purchase.
Where is this retail space located?
The property is located at 119 RIVER ST Meridian, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 760 SF of space; Built in 1920
