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

    150 E Terrell Street Canton, TX 75103

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $330,000

    Vacant lot in vibrant downtown Canton, endless development possibilities.

    Type:Commercial Lots & Land
    Added:
    Apr 22, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 22 at 5:43 pm

    Property Features for 150 E Terrell Street

    General Information

    Standard status
    Active
    Property subtype
    Commercial Lots & Land

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Jessica Harrell

    Listing agent Jessica Harrell

    Listing office Exit Realty Pro

    Listing date Apr 22, 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 Exit Realty Pro

    Overview

    Prime Vacant Lot in Canton

    This vacant lot is located in the growing downtown Canton area and offers possibilities for development. The property is positioned directly across from a hand-painted mural planned for 2024. It is located steps away from Canton City Hall and the Courthouse, benefiting from a central location. The property is in proximity to Canton First Monday Trade Days. The property may be suitable for a retail space, restaurant, or other unique development.
    Location Intelligence

    Current Use by Public Records

    Reminisce Antiques and Plant ... Home Decor Store Glass Journey Hardware & Home Improvement

    Map

    City
    Canton
    County
    Van Zandt
    State
    Texas
    Longitude
    -96.4527225
    Latitude
    32.4620192

    Nearby Similar for Sale

    • $927,000

      Canton, TX Business Opportunity

      Income-generating yoga studio with spa and tenant spaces for sale.
      29957 State Highway 64, Canton, TX 75103
      View Details
    • $925,000
      4,203 SF

      Versatile Country Estate with Potential

      9+ acre estate ideal for residence, venue, or investment.
      1211 VZ County Road 4418, Canton, TX 75103
      View Details
    • $975,000
      2,624 SF

      Equestrian Property with Covered Arena

      10-acre equestrian property featuring a 12,704 sq ft covered arena.
      370 VZ County Road 4134, Canton, TX 75103
      View Details
    • $529,900
      2,385 SF

      Canton Ranch with Stable and Barn

      8.275-acre ranch featuring a charming home, stable, and barn.
      200 Vz County Road 4124, Canton, TX 75103
      View Details
    • $495,000
      3,801 SF

      Charming Home Ideal for Events

      Spacious home on 2.69 acres, perfect for events.
      11571 State Hwy 19, Canton, TX 75103
      View Details
    • $124,900
      4,386 SF

      Canton, TX Commercial Opportunity

      Prime corner lot near Canton's First Monday Trades Day.
      281 E Goshen, Canton, TX 75103
      View Details
    • $325,000

      Canton Land Near I-20

      Undeveloped land near I-20, ideal for investors and developers.
      13488 State Hwy 19, Canton, TX 75103
      View Details
    • $998,000
      2,108 SF

      Texas Ranch with Hilltop Views

      Secluded 70-acre ranch featuring a charming home and multiple ponds.
      1421 Vz County Road 2319, Canton, TX 75103
      View Details
    • $124,900

      Canton, TX Commercial Opportunity

      Commercial property near Canton, TX and First Monday Trade Days.
      281 E Goshen, Canton, TX 75103
      View Details
    • $675,000

      Canton Retail Opportunity on Highway

      High-traffic location near fairgrounds with development potential.
      24700 Hwy 64, Canton, TX 75103
      View Details
    • $1,750,000

      High Visibility Interstate Land

      16-acre commercial land near Splash Kingdom Water Park.
      189xx Interstate 20, Canton, TX 75103
      View Details
    • $1,265,000
      3,904 SF

      Canton, TX Multi-Use Estate

      92.14-acre property with a home and entertainment venue.
      1210 VZ County Road 2316, Canton, TX 75103
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant lot in vibrant downtown Canton, endless development possibilities.
    Where is this commercial land located?
    The property is located at 150 E Terrell Street Canton, TX.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: Prime vacant lot in the growing downtown Canton area, offering endless development possibilities.; High visibility location directly across from a 2024 hand‑painted mural.; Central location steps away from Canton City Hall and Courthouse.
    We can help!
    Listing Contact
    Jessica Harrell
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!