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

    315 N Washington Marshall, TX 75670

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $495,000

    Revitalized downtown location with over 6,000 square feet.

    Type:Special Purpose
    Property size:
    6,000 SF
    Added:
    Feb 10, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 315 N Washington

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Brad Burris

    Listing agent Brad Burris License #TX

    Listing office CENTURY 21 A Select Group

    Listing date Feb 10, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 A Select Group

    Overview

    Downtown Marshall Storefront Opportunity

    This commercial property is located in revitalized Downtown Marshall, Texas. The space offers over 6,000 square feet of area suitable for various uses. Situated on a corner lot, the property features numerous storefront windows and is described as being in good condition. It is located at 315 N Washington, Marshall, TX 75670.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Auto Parts Store Auto Repair Shop Kitchen & Bath Showroom Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Harrison
    State
    Texas
    Longitude
    -94.360654
    Latitude
    32.489722

    Nearby Similar for Sale

    • $650,000

      Versatile Commercial Property on Hwy 59

      3.14 acres with metal building and office space.
      5947 Hwy 59 N, Marshall, TX 75670
      View Details
    • $315,000

      Functional Office Space For Sale

      5,220 SF office space suitable for healthcare or professional use.
      401 N Grove, Marshall, TX 75670
      View Details
    • $189,900

      Versatile Commercial Property in Marshall, TX

      High-visibility commercial property suitable for office or service-based businesses.
      2001 E Grand Ave., Marshall, TX 75672
      View Details
    • $250,000

      Marshall, TX Office Opportunity

      Two buildings suited for nonprofit, assisted living, or office campus.
      204 N Alamo, Marshall, TX 75670
      View Details
    • $136,000

      Commercial Building Near Downtown Marshall

      1700 sq ft commercial building near downtown Marshall, TX.
      614 S Washington, Marshall, TX 75670
      View Details
    • $450,000

      Former Nursing Facility on 27 Acres

      Redevelopment opportunity: former 50-bed nursing facility on 27 acres.
      7470 State HWY 154, Marshall, TX 75670
      View Details
    • $1,300,000

      Income Producing Duplex Property

      20-unit duplex in Marshall, TX with high occupancy rate.
      411 Johnson Street, Marshall, TX 75670
      View Details
    • $109,900

      Downtown Marshall Commercial Opportunity

      Commercial property in downtown Marshall with warehouse and fenced lot.
      200 E Bowie, Marshall, TX 75670
      View Details
    • $855,000
      8,450 SF

      Updated Mixed-Use Building in Marshall, TX

      Completely updated mixed-use building with office spaces and residential apartments.
      107 W Rusk St. Marshall, TX 75670
      View Details
    • $2,200,000

      Downtown Marshall Office Building For Sale

      Commercial office building in downtown Marshall, Texas, with 13 offices.
      400 W Houston, Marshall, TX 75670
      View Details
    • $205,000
      2,080 SF

      Downtown Retail or Office Space

      2,080 sq ft retail/office space in downtown area.
      311 N Washington Ave. Marshall, TX 75670
      View Details
    • $3,850,000
      31,360 SF

      Industrial Asset on Highway 59

      Industrial property with long-term leases and income growth potential.
      6365 US-59, Marshall, TX 75672
      View Details

    FAQs

    What type of property is this?
    Storefront property - Revitalized downtown location with over 6,000 square feet.
    Where is this storefront property located?
    The property is located at 315 N Washington Marshall, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Located in the revitalized Downtown Marshall, Texas.; Over 6,000 square feet of space.; Suitable for various uses.
    We can help!
    Listing Contact
    Brad Burris
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!