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    Flexible-Use Brick Commercial Building Title is generated by Realmo AI

    1702 W First Street, Mount Pleasant, TX 75455

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    Claim this Listing
    For Sale
    $285,000

    COMMERCIAL - Mt Pleasant, TX

    Property size:
    1,772 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $160/SF
    Added:
    Mar 11, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 1702 W First Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway, Carport
    Fireplace
    1
    Standard status
    Active
    APN
    12010
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Description
    MT PLEASANT CITY BLOCKS BLK 310F LOT 2 .4042
    Tax Annual Amount
    3388

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Fireplace(s), Central, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1939
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Wood, Vinyl
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Christine Ballard

    Listing agent Christine Ballard

    Listing office C. Ballard Realty TX

    Listing date Mar 11, 2026

    MLS# 21182033

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1,772 SF brick building built in 1939 with multiple entry points from the front, side, and rear
    • Heating includes central natural gas plus a fireplace
    • Central air cooling with ceiling fan(s)
    • Public utilities: public water and public sewer
    • Roof: composition roof; flooring includes carpet, wood, and vinyl
    • Parking includes driveway and carport; direct access from Hwy 49 and FM 899; cable internet available

    Overview

    This highly visible brick building is currently used as a residence but offers flexible-use potential for commercial or continued residential use within city limits. The property includes a 1,772-square-foot structure with multiple entry points from the front, side, and rear, giving operators options for office, retail, or live-and-work configurations. Interior finishes feature a mix of carpet, wood, tile, and vinyl flooring, complemented by original shiplap accents that add character.

    The building is ideally positioned with direct access from major Hwy 49 and FM 899, supporting strong day-to-day visibility and accessibility. Located in Mt Pleasant within Titus County, the site also benefits from proximity to established shopping and services.

    For buyers and tenants seeking a property that can accommodate different operating models, this is a practical opportunity to secure a flexible-use space in a high-exposure location. The multiple entrances and varied interior finishes can help support everything from small professional offices to retail uses, while still allowing for a residential live/work setup where permitted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Titus
    State
    Texas
    Longitude
    -94.98531
    Latitude
    33.157413

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    FAQs

    What type of property is this?
    Live-work space - Brick building with multiple entrances and adaptable interiors suitable for office, retail, or live/work use.
    Where is this live-work space located?
    The property is located at 1702 W First Street Mount Pleasant, TX.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: 1,772 SF brick building built in 1939 with multiple entry points from the front, side, and rear; Heating includes central natural gas plus a fireplace; Central air cooling with ceiling fan(s)
    (903) 285-2569
    We can help!
    Listing Contact
    Christine Ballard
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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.

    More about this property
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