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    Highway 84 Commercial Property Title is generated by Realmo AI

    2596a Highway 84 W, Mexia, TX 76667

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    Claim this Listing
    New
    For Sale
    $399,500

    Business - Mexia, TX

    Type:Business
    Lot size:
    2.74 Acres
    Added:
    May 13, 2026
    Days on Market:
    2
    Last Refresh:
    May 14 at 5:06 pm

    Property Features for 2596a Highway 84 W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Carport, Driveway
    Standard status
    Active
    APN
    R15085
    Lot size
    2.74 Acres

    Utilities

    Heating system
    Space Heater
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1985
    Flooring type
    Concrete
    Building materials
    Steel Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Dawn James
    Dawn James

    Listing agent Dawn James License #711736

    Listing office Coldwell Banker Realty 5960 Berkshire Ln 6th Floor, Flower Mound, TX

    Listing date May 13, 2026

    MLS# 21268721 Listing URL

    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

    • Highway 84 frontage on the outskirts of Mexia, TX, offering high visibility and accessibility
    • Versatile metal building suitable for multiple businesses or lease opportunities
    • Includes approximately 2.4 acres of land, providing ample space
    • Separate water and electrical meters for the business, simplifying utility management
    • Option to purchase the existing alternator repair business separately
    • Potential to acquire additional acreage (up to approximately 20 acres total) currently listed separately

    Overview

    Located on Highway 84 near Mexia, Texas, this commercial property is currently used as an alternator repair shop. The metal building features multiple sections, presenting the possibility of leasing to multiple businesses. The listing includes the building and approximately 2.4 acres of land. The business inventory, parts, and receivables are not included in the sale, but the owner is open to discussing the sale of the business itself. The seller will retain mineral rights. The property has its own water and electrical meters. The property consists of two parcels totaling approximately 20 acres. It is currently listed in 3 separate listings and will require a new survey if the business tract and the residential tract are separated, but owner is willing to sell all together as well. The property is located in Limestone County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Bed & Breakfast Home Appliance Store Garden Center

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

    Similar Places Nearby

    • TMT 24hr Road Service — 1195 Ranch Rd 2838, Mexia, TX 76667
    • Alternator Plus — 2596 US-84, Mexia, TX 76667

    Location Insight

    • Map
    • Local Demand
    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.546112
    Latitude
    31.67608

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    FAQs

    What type of property is this?
    Auto shop - Commercial building on 2.4 acres near Highway 84.
    Where is this auto shop located?
    The property is located at 2596a Highway 84 W Mexia, TX.
    What is the asking price?
    The asking price for this property is $399,500.
    What are key features of this property?
    This property features: Highway 84 frontage on the outskirts of Mexia, TX, offering high visibility and accessibility; Versatile metal building suitable for multiple businesses or lease opportunities; Includes approximately 2.4 acres of land, providing ample space
    (214) 828-4300
    We can help!
    Listing Contact
    Dawn James
    Dawn James
    Real Estate License ID: 711736
    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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