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    Retail Property with Multiple Structures Title is generated by Realmo AI

    310 San Antonio Street, Marfa, TX 79843

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    For Sale
    $865,000

    SINGLE_FAMILY - Marfa, TX

    Type:Retail
    Lot size:
    0.40 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for 310 San Antonio Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Open, Parking Lot, On Street
    Standard status
    Active
    APN
    10524 10525
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Description
    19, MARFA LOTS 16-17 & W/2 OF LOT 18
    Tax Annual Amount
    6030

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Conrad Almance

    Listing agent Conrad Almance License #0482244

    Listing office Real Broker, LLC Dallas, TX

    Listing date Mar 12, 2026

    MLS# 21066398

    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

    • Property includes three adobe structures and one mobile home
    • Largest building currently operating as an art gallery
    • Corner unit has hosted multiple business types, including restaurants and a liquor store (currently a t‑shirt shop)
    • Third adobe structure is used as a residence
    • Metal roof, with concrete flooring and parking including open, parking lot, and on‑street spaces
    • Utilities include public water and public sewer; sold As‑Is with no repairs

    Overview

    This property consists of three adobe structures and one mobile home, providing a distinctive mixed-use layout with multiple independent spaces. The largest building is currently operating as an art gallery. A smaller corner unit has previously been used for a range of businesses, including restaurants, a liquor store, and a t-shirt shop. The third adobe structure is currently used as a residence. All buildings require some level of TLC, and the seller is offering the property As-Is with no repairs to be made, creating a blank-canvas opportunity for an owner-operator or investor.

    The buildings are located at 310 San Antonio Street in Marfa, Texas (Presidio County). With the property positioned for commercial use, it may appeal to buyers seeking a flexible setup that can support retail activity alongside compatible on-site living.

    Given the existing commercial use of the art gallery and the demonstrated adaptability of the corner unit, this offering is well suited to entrepreneurs looking to reposition or expand a small retail concept. Investors may also find value in the combination of revenue potential and on-site residence, particularly for buyers comfortable with renovation work and upgrades needed to bring the spaces back to their intended performance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Marfa
    County
    Presidio
    State
    Texas
    Longitude
    -104.02361
    Latitude
    30.308965

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    FAQs

    What type of property is this?
    Retail space - Three adobe buildings and a mobile home offer flexible commercial and live-work possibilities in need of TLC.
    Where is this retail space located?
    The property is located at 310 San Antonio Street Marfa, TX.
    What is the asking price?
    The asking price for this property is $865,000.
    What are key features of this property?
    This property features: Property includes three adobe structures and one mobile home; Largest building currently operating as an art gallery; Corner unit has hosted multiple business types, including restaurants and a liquor store (currently a t‑shirt shop)
    (855) 450-0442
    We can help!
    Listing Contact
    Conrad Almance
    Real Estate License ID: 0482244
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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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