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    Brick One-Story Assembly Building Title is generated by Realmo AI

    932 Highway 171, Mexia, TX 76667

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    For Sale
    $75,000

    Single-story brick facility with a large meeting space, offices, and restrooms, supported by ample on-site parking.

    Type:Commercial
    Property size:
    1,500 SF
    Price / SF:
    $50/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:40 am

    Property Features for 932 Highway 171

    General Information

    Standard status
    Active
    Size
    1,500 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Mitzi Eves
    Mitzi Eves

    Listing agent Mitzi Eves License #0485908

    Listing office Coldwell Banker Realty

    Listing date Jun 3, 2026

    Source Signaturere

    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 Realty

    HighLights

    • 1980‑built, one‑story brick commercial building totaling 1,500 SF
    • Large sanctuary/meeting room plus office space, restrooms, kitchenette, and dining area
    • Former church layout with approximately 18+ pews and pulpit
    • Unlimited uses commercial building with easy access on Hwy 171 in Mexia
    • Large on‑site parking lot included
    • Property is being sold AS IS

    Overview

    This brick, one-story former church building is offered for sale as-is and includes approximately 1,500 square feet of interior space. The layout features a large sanctuary or meeting room along with office space, restrooms, and a kitchenette and dining area. The property is currently equipped with pews and a pulpit, and it also includes some office furniture. The building is described as being in great condition and is suited to continued worship use or repurposing for other compatible operations.

    Access is described as easy via Highway 171, and the property includes a large parking lot for visitors and staff. The site is located at 932 Highway 171 in Mexia, Texas.

    For tenants, buyers, and operators seeking an adaptable, single-story assembly format with supporting rooms, this property offers a practical combination of a large main space plus administrative and convenience areas. Its existing improvements—including restrooms and a kitchenette/dining area—can help reduce build-out needs for certain office, community, or meeting-oriented uses, subject to applicable requirements. A buyer is welcome to conduct inspections prior to closing while acknowledging the property is sold as-is.
    Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.49733
    Latitude
    31.688986

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    FAQs

    What type of property is this?
    Church & religious facility - Single-story brick facility with a large meeting space, offices, and restrooms, supported by ample on-site parking.
    Where is this church & religious facility located?
    The property is located at 932 Highway 171 Mexia, TX.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 1980‑built, one‑story brick commercial building totaling 1,500 SF; Large sanctuary/meeting room plus office space, restrooms, kitchenette, and dining area; Former church layout with approximately 18+ pews and pulpit
    (254) 744-1692
    We can help!
    Listing Contact
    Mitzi Eves
    Mitzi Eves
    Real Estate License ID: 0485908
    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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