Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23770 W State Highway 49 Jefferson, TX 75657

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,749,000

    Commercial property on 83.86 acres with shop and office space.

    Property size:
    1,100 SF
    Lot size:
    83.86 Acres

    Property Features for 23770 W State Highway 49

    General Information

    Standard status
    Active
    Size
    1,100 SF
    Lot size
    83.86 Acres

    We can help!

    Listing Contact
    Jared Stringer
    Source: Exitrealty

    Listing Agency: Trina Griffith and Company Real Estate LLC Listing Agent: Jared Stringer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Jefferson Commercial Property on 83.86 Acres

    This commercial property is located in Jefferson and spans 83.86 acres. It features a large shop and office space. The property has road frontage to State Highway 49, providing high visibility and easy access. The shop offers ample space for operations, while the office space provides a setting for meetings and administrative tasks. The property offers possibilities for businesses looking to establish a presence.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Daycare Center Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Marion
    State
    Texas
    Longitude
    -94.389996
    Latitude
    32.77201

    Nearby Similar for Sale

    • New
      $1,250,000
      5,152 SF

      Historic Jefferson Bed and Breakfast

      Turnkey bed and breakfast in historic Jefferson, Texas.
      217 W Lafayette St, Jefferson, TX 75657
      View Details
    • $120,000
      1.00 Acre

      Versatile Warehouse Near Lake of Pines

      Two-story warehouse near Bullfrog Marina, ideal for marine businesses.
      8048 Fm 729, Jefferson, TX 75657
      View Details
    • $1,749,000
      1,100 SF

      Jefferson Shop and Office Space

      83.86 acres with shop and office on State Highway.
      23770 W State Highway 49, Jefferson, TX 75657
      View Details
    • $349,500
      18,000 SF

      Jefferson Commercial Building with Possibilities

      18,000 SF commercial building on almost 2.5 acres.
      510 E Bonham St, Jefferson, TX 75657
      View Details
    • $281,440
      35.18 Acres

      35 Acres Farm/Ranch Land

      35.18 acres of fenced land near Jefferson, Texas.
      Tbd Hwy 59 N, Jefferson, TX 75657
      View Details
    • $2,200,000
      97.19 Acres

      Waterfront Campground with Entertainment Pavilion

      Waterfront campground on Big Cypress Bayou with event pavilion.
      1602 Hwy 49, Jefferson, TX 75657
      View Details
    • $405,000

      91 Acres in Marion County

      91-acre farm and agricultural property in Jefferson, Marion County.
      214 County Road, Jefferson, TX 75657
      View Details
    • Contact for pricing
      5,152 SF

      Historic Bed and Breakfast Inn

      Turnkey bed and breakfast in historic Jefferson, Texas.
      217 W Lafayette St, Jefferson, TX 75657
      View Details
    • $405,000

      91 Acres in Marion County

      91 acres of farm and agricultural land in Jefferson, Texas.
      214 County Road, Jefferson, TX 75657
      View Details
    • $699,900
      0.11 Acres

      Historic Kahn Hotel - Jefferson, TX

      Charming 10-Room Hotel w/ Rich History
      123 Austin St, Jefferson, TX 75657
      View Details
    • $260,000
      10.58 Acres

      Highway 59 Commercial Land - Jefferson, TX

      10.58 Acres, High-Traffic Location, Shop Building
      6171 Us Highway 59, Jefferson, TX 75657
      View Details

    FAQs

    What type of property is this?
    Flex space - Commercial property on 83.86 acres with shop and office space.
    Where is this flex space located?
    The property is located at 23770 W State Highway 49 Jefferson, TX.
    What is the asking price?
    The asking price for this property is $1,749,000.
    What are key features of this property?
    This property features: - Expansive 83.86-acre property.; - Road frontage on State Highway 49.; - Large shop space for operations.
    (903) 826-8733
    Request Owner's contact information
    23770 W State Highway 49 Jefferson, TX 75657
    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.
    23770 W State Highway 49
    Jefferson, TX 75657
    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
    23770 W State Highway 49 Jefferson, TX 75657
    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

    We can help!
    Listing Contact
    Jared Stringer
    Real Estate License ID: 772697
    (903) 826-8733 (903) 212-2121
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!