Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Insulated Shop with On-Site Residence Title is generated by Realmo AI

    12055 E Frederic Ave, Pampa, TX 79065

    View on Map
    Claim this Listing
    New
    For Sale
    $395,000

    Commercial - Pampa, TX

    Property size:
    4,347 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $90/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 12055 E Frederic Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    Size
    4,347 SF
    Lot size
    5.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Candilynn McCormick
    Candilynn McCormick

    Listing agent Candilynn McCormick License #0715490

    Listing office RE/MAX Hometown 1617 N.Hobart, Pampa, TX

    Listing date Jun 3, 2026

    MLS# 26-14690 Listing URL

    Copyright © 2026 Pampa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5 acres featuring a 3,200 SF (40x80) insulated shop with 16' ceilings
    • Separate 336 SF building with a workspace, small kitchenette, and full bathroom (in‑laws quarters or office use)
    • On‑site 2‑bedroom, 1‑bath home with 811 SF and a covered patio overlooking a pond
    • Includes RV parking with 6 RV spots and room to accommodate many more

    Overview

    Set on 5 acres at 12055 E Frederic Ave in Pampa, this live-work property pairs a large insulated shop with flexible ancillary space and a comfortable home. The shop measures 40x80 and includes 16' ceilings, built to support serious work. Up front, right off the frontage road, there is a separate building that can serve as an office or in-laws quarters, offering a 336 sq ft workspace with a small kitchenette and a full bathroom. Behind the shop sits a 2-bedroom, 1-bath home with an 811 sq ft interior and a covered patio that overlooks a pond.

    The layout allows business operations and daily living to coexist on-site. With RV parking currently providing 6 spots, the property is also set up for extended stays, while still leaving room to accommodate additional RVs.

    This configuration is well-suited for an owner-operator who wants a dedicated shop with high ceilings plus a separate, self-contained workspace for office use. It also provides a straightforward option for buyers looking to keep living quarters on the same site as their primary work area, while maintaining a pond-view setting and covered patio for downtime.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Pampa
    County
    Gray
    State
    Texas
    Longitude
    -100.938041
    Latitude
    35.534481

    Nearby Similar for Sale

    • $150,000
      6,043 SF

      Highway Frontage Commercial Building

      Spacious building with highway frontage and storage area.
      208 E Brown Street, Pampa, TX 79065
      View Details
    • $225,000
      2,880 SF

      Pampa, TX Mechanic Shop

      Fully equipped mechanic shop with prime highway frontage.
      720 W Brown Street, Pampa, TX 79065
      View Details
    • $255,000
      1,780 SF

      Pampa Commercial Space For Sale

      Commercial space with offices, reception area, and expansion potential.
      111 E 28TH Avenue, Pampa, TX 79065-3016
      View Details
    • $175,000
      12,660 SF

      High-Visibility Retail/Office Property

      Flexible storefront and office-style space with prominent highway frontage for multiple small business and conversion uses.
      329 & 325 N HOBART Street, Pampa, TX 79065-6142
      View Details
    • $250,000
      9,750 SF

      Pampa Commercial Property with Warehouse

      Versatile commercial space with retail frontage and warehouse.
      315 S Cuyler St, Pampa, TX 79065
      View Details
    • $250,000
      9,750 SF

      Pampa Commercial Opportunity

      Expansive commercial property with retail frontage and warehouse space.
      315 S CUYLER Street, Pampa, TX 79065-7313
      View Details
    • $255,000
      1,780 SF

      Functional Commercial Space in Pampa

      1,780 sq ft commercial space with offices and amenities.
      111 E 28th Ave, Pampa, TX 79065
      View Details
    • $299,000
      4,000 SF

      Pampa, TX Commercial Opportunity

      Commercial property on 7.25 acres with shop and hookups.
      1445 S Barnes St, Pampa, TX 79065
      View Details
    • $150,000
      5,207 SF

      Highway Frontage Business Opportunity

      Spacious building with display cases, vault, and shop area.
      208 E Brown St, Pampa, TX 79065
      View Details
    • $250,000
      3,500 SF

      Income-Producing Commercial Building in Pampa

      Versatile commercial building with two leased suites, ideal for investors.
      118 E Browning Ave, Pampa, TX 79065
      View Details
    • $150,000
      2,800 SF

      Highway 60 Commercial Opportunity

      Versatile commercial property on Highway 60 in Pampa, Texas.
      600 E FREDERIC Avenue, Pampa, TX 79065-7525
      View Details
    • $335,000
      1,703 SF

      Pampa, TX Commercial Property

      Commercial property available for sale in Pampa, Texas.
      1835 N Hobart St, Pampa, TX 79065
      View Details

    FAQs

    What type of property is this?
    Live-work space - A 5-acre live-work property with an insulated 3,200 sq ft shop, separate office quarters, pond-view home, and RV parking.
    Where is this live-work space located?
    The property is located at 12055 E Frederic Ave Pampa, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 5 acres featuring a 3,200 SF (40x80) insulated shop with 16' ceilings; Separate 336 SF building with a workspace, small kitchenette, and full bathroom (in‑laws quarters or office use); On‑site 2‑bedroom, 1‑bath home with 811 SF and a covered patio overlooking a pond
    (806) 486-3942
    We can help!
    Listing Contact
    Candilynn McCormick
    Candilynn McCormick
    Real Estate License ID: 0715490
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12055 E Frederic Ave, Pampa, TX 79065
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!