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    Metal Multi-Unit Office Building Title is generated by Realmo AI

    1721 N Edwards Ave., Mount Pleasant, TX 75455

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    Claim this Listing
    New
    For Sale
    $310,000

    SINGLE_FAMILY - Mt Pleasant, TX

    Type:Retail
    Property size:
    1,860 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $166/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for 1721 N Edwards Ave.

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    12137
    Lot size
    0.49 Acres

    Taxes and HOA fees

    Tax Description
    MT PLEASANT CITY BLOCKS .488 AC

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2020
    Floors in Building
    1
    Number of units
    3
    Building materials
    MetalSiding, StoneVeneer
    Roof type
    Metal

    We can help!

    Listing Contact
    Suzie Castillo

    Listing agent Suzie Castillo License #0644507

    Listing office Castillo Realty Mount Pleasant, TX

    Listing date Jun 3, 2026

    MLS# 21263118

    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

    • Commercial metal building built in 2020 with 3 units
    • Each unit is 620 SF, with a bathroom and kitchenette
    • Public utilities: public water and public sewer
    • Metal roof and exterior materials include metal siding and stone veneer
    • Electric heating and electric cooling
    • Located just off I‑30, minutes from downtown Mt. Pleasant (near Heritage Park and Mt. Pleasant High School)

    Overview

    Built in 2020, this commercial metal building provides three well-kept, separate units designed for practical day-to-day operations. Each unit includes a bathroom and kitchenette, creating self-contained space that can support office use or a growing business that needs basic in-suite convenience. The property is configured to support multiple tenants or separate operations under one roof.

    Located at 1721 N Edwards Ave. in Mt. Pleasant, TX, the building sits just off I-30, placing it within minutes of downtown Mt. Pleasant. It is next door to Heritage Park and down the road from Mt. Pleasant High School, helping the site benefit from consistent visibility and activity from surrounding daily traffic.

    For tenants and buyers, the layout is well-suited to small professional services, satellite offices, or other local operators who want private, functional interiors with kitchenette and restrooms already in place. The multi-unit structure also offers an appealing option for investors seeking a straightforward commercial setup with multiple income opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Jive Turkey Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Titus
    State
    Texas
    Longitude
    -94.9821082
    Latitude
    33.1731565

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    FAQs

    What type of property is this?
    Office units - Three well-kept units with bathrooms and kitchenettes offer flexible office or business space in a high-visibility setup.
    Where is this office units located?
    The property is located at 1721 N Edwards Ave. Mount Pleasant, TX.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: Commercial metal building built in 2020 with 3 units; Each unit is 620 SF, with a bathroom and kitchenette; Public utilities: public water and public sewer
    (903) 466-5779
    We can help!
    Listing Contact
    Suzie Castillo
    Real Estate License ID: 0644507
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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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