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

    228 S Main St Jacksonville, TX 75766

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Residential and commercial units with strong cash flow and upside.

    Property size:
    40,556 SF

    Property Features for 228 S Main St

    General Information

    Standard status
    Active
    Size
    40,556 SF

    We can help!

    Listing Contact
    HASAN YACOUB
    Source: Crexi

    Listing Agency: All City Real Estate Listing Agent: HASAN YACOUB

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

    Learn more

    Overview

    38-Unit Mixed-Use Investment Portfolio

    This offering consists of a 38-unit mixed-use investment portfolio for sale, featuring a total area of 40,556 square feet. The portfolio includes 15 single-family homes, 9 duplex structures comprising 18 units, and 5 commercial units, all situated in close proximity within Jacksonville. The properties provide immediate cash flow with potential for increased value through rent growth, unit upgrades, and redevelopment. The residential component consists primarily of 2-3 bedroom single-family homes and duplex units. Many of these have undergone substantial capital improvements, including new roofs installed between 2022 and 2024, as well as updated HVAC systems, electrical and plumbing infrastructure, flooring, appliances, paint, and complete interior remodels. Several properties are situated on large lots, offering the potential for additional units or structures. A portion of the portfolio has long-term tenants with below-market rents, presenting a value-add opportunity through renovation and rent optimization. Multiple duplex units offer renovation or repositioning upside, and select assets are already fully remodeled and achieving strong rents. The commercial component includes office and retail-style spaces, currently leased or rent-ready, with opportunities for rent increases, lease restructuring, or unit splits to further enhance income. The option to exclude the commercial portion of the deal is available.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Cherokee
    State
    Texas
    Longitude
    -95.27229
    Latitude
    31.963123

    Nearby Similar for Sale

    • $142,000
      2,400 SF

      Commercial Property with Showroom/Warehouse Space

      Commercial property featuring a showroom and warehouse/work space.
      419 W Larissa St, Jacksonville, TX 75766
      View Details
    • $449,500
      1,404 SF

      East Texas Ranch on 38 Acres

      Scenic 38-acre East Texas ranch with potential for homesteading.
      120 Fm 2064 N, Jacksonville, TX 75766
      View Details
    • $479,500
      2,009 SF

      Inviting Home with Pond and Barn

      Comfortable 3-bedroom home on 12.52 acres with pond.
      4220 Fm 235, Jacksonville, TX 75766
      View Details
    • $350,000
      5,750 SF

      Downtown Commercial Space Opportunity

      Adaptable commercial space in a rapidly developing downtown area.
      300 S Main St, Jacksonville, TX 75766
      View Details
    • $50,000
      1,680 SF

      Unique Office/Warehouse on Rusk Street

      Versatile 1,680 SF office/warehouse with redevelopment potential in Jacksonville, TX.
      1132 W Rusk St, Jacksonville, TX 75766
      View Details
    • $379,900
      0.17 Acres

      Turnkey Food and Beverage Business

      Established food truck park with real estate in Jacksonville, Texas.
      215-219 Main St, Jacksonville, TX 75766
      View Details
    • $379,900

      Turnkey Food Truck Park Opportunity

      Thriving food truck park with real estate for sale.
      215-219 Main St, Jacksonville, TX 75766
      View Details
    • $329,000
      1,200 SF

      Commercial Building with Two Units

      Commercial building featuring two units with recent upgrades and improvements.
      1714 E Rusk St, Jacksonville, TX 75766
      View Details
    • $50,000
      1,680 SF

      Unique Office/Warehouse Opportunity

      Versatile 1,680 SF office/warehouse on 0.12-acre lot.
      1132 W Rusk St, Jacksonville, TX 75766
      View Details
    • $614,000
      3.15 Acres

      Jacksonville, TX - Hwy 69 Frontage

      NNN leased vet clinic in Jacksonville, TX Opportunity Zone.
      37252 Us Hwy. 69 N, Jacksonville, TX 75766
      View Details
    • $250,000
      0.25 Acres

      Jacksonville Commercial Trucking Mechanic Shop

      Commercial mechanic shop and mobile home for sale near Jacksonville.
      6254 W Us Highway 79, Jacksonville, TX 75766
      View Details
    • $614,000
      6,525 SF

      Jacksonville Retail/Medical Investment Opportunity

      NNN leased vet clinic on Hwy 69, Jacksonville, TX.
      37252 Us Hwy. 69 N, Jacksonville, TX 75766
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Residential and commercial units with strong cash flow and upside.
    Where is this multifamily property located?
    The property is located at 228 S Main St Jacksonville, TX.
    What are key features of this property?
    This property features: - Strong in-place cash flow with upside potential through rent growth, unit upgrades, and redevelopment.; - 38-unit mixed-use portfolio: 15 single-family homes, 18 duplex units, and 5 commercial units.; - Significant value-add opportunity: under-market rents with long-term tenants, ripe for renovation and rent optimization.
    Request Owner's contact information
    228 S Main St Jacksonville, TX 75766
    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.
    228 S Main St
    Jacksonville, TX 75766
    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
    228 S Main St Jacksonville, TX 75766
    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
    HASAN YACOUB
    Real Estate License ID: TX0757742
    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!