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

    335 S Shelby St Carthage, TX 75633

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

    Thirteen-unit motel with one-bedroom house, generating consistent income.

    Property size:
    18,550 SF

    Property Features for 335 S Shelby St

    General Information

    Standard status
    Active
    Size
    18,550 SF

    Building Details

    Year built
    1957

    We can help!

    Listing Contact
    Maya Patel
    Source: Crexi

    Listing Agency: eXp Realty Houston Listing Agent: Maya Patel

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

    Learn more

    Overview

    Remodeled Motel with Onsite Residence

    This meticulously maintained and fully remodeled 13-unit motel, accompanied by a 1-bedroom, 1-bath house, presents a rare opportunity. Owned by the same proprietor for 31 years, this income-producing property is available due to retirement. The entire property has been recently updated, ensuring comfort for tenants and guests. Currently tenant occupied, it offers a transferable, immediate, reliable, and consistent income stream. The property is ideal for first-time hospitality buyers, those looking to add to their hospitality portfolio, or investors looking to convert into multi-unit apartments, further enhancing its value and profitability. The property includes a 1-bedroom, 1-bath house, suitable for an on-site manager or additional rental income. The property is being sold as is, inclusive of gross, building, inventory, real estate, and improvements. The property is priced to sell. The property is tenant occupied with weekly/daily tenants, featuring 13 beds and 13 baths. The property is located in Carthage, TX.
    Location Intelligence

    Current Use by Public Records

    Economy Inn - Carthage ... Hotel & Motel

    Suggested Use

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

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

    Similar Places Nearby

    Budget Inn, Western Twelve Oaks Motel, Super 8 by Wyndham Carthage TX, Quality Inn Carthage, The Regal Hotel

    Location Insight

    • Map
    • Local Demand
    City
    Carthage
    County
    Panola
    State
    Texas
    Longitude
    -94.336511
    Latitude
    32.151583

    Nearby Similar for Sale

    • New
      $164,900

      Retail Storefront in Carthage, TX

      Prime retail location in Carthage's thriving entertainment district.
      107 W Sabine St, Carthage, TX 75633
      View Details
    • $650,000

      Commercial Space in Carthage, TX

      Versatile 5652 SF commercial space suitable for restaurant or retail.
      1315 West Panola St, Carthage, TX 75633
      View Details
    • $1,150,000
      3,736 SF

      East Texas Cattle Ranch

      Turnkey cattle ranch on 79 acres near Carthage, Texas.
      668 County Road 108, Carthage, TX 75633
      View Details
    • $1,497,500
      7.27 Acres

      Carthage Office/Medical Property For Sale

      Established veterinary clinic on 7+ acres near future interstate.
      1024 N Us Highway 59, Carthage, TX 75633
      View Details
    • $895,000
      6.36 Acres

      Carthage Commercial Property For Sale

      Commercial property in Carthage, TX with office and warehouse space.
      3466 Loop SW, Carthage, TX 75633
      View Details
    • $80,000
      5.30 Acres

      Commercial Building on 5.3 Acres

      Commercial building on 5.3 acres located on the SE Loop.
      901 Loop SE, Carthage, TX 75633
      View Details
    • $199,500

      Hangar at Panola County Sharpe Field

      Almost new hangar with hydraulic door and easy highway access.
      1305 Hwy 79, Carthage, TX 75633
      View Details
    • $1,027,500
      137.00 Acres

      Carthage Acreage with Hunting Potential

      137 acres featuring meadows, ponds, woods, and updated mobile home.
      137 Ac Fm 3359, Carthage, TX 75633
      View Details
    • $425,000

      Turnkey Poultry Pullet Farm

      Fully equipped poultry farm with upgraded houses and ample acreage.
      2917 Fm 3359, Carthage, TX 75633
      View Details
    • Contact for pricing

      Versatile Commercial Building Near Lake

      3,600+ sq ft commercial building on 2.37 acres near Lake.
      4049 Fm 1970, Carthage, TX 75633
      View Details
    • Contact for pricing
      42,344 SF

      Brookshire Brothers Retail Investment Opportunity

      Retail property with a long-term tenant in Carthage, TX.
      432 W Panola St, Carthage, TX 75633
      View Details
    • $180,000

      Carthage Commercial Space - Prime Location

      Thriving downtown Carthage retail space. High foot traffic area.
      107 Sabine St, Carthage, TX 75633
      View Details

    FAQs

    What type of property is this?
    Motel - Thirteen-unit motel with one-bedroom house, generating consistent income.
    Where is this motel located?
    The property is located at 335 S Shelby St Carthage, TX.
    What are key features of this property?
    This property features: - High Income Potential: Generates substantial monthly income, potentially exceeding $14,000 when fully occupied.; - Fully Remodeled: The entire 13-unit motel and 1-bedroom house have been recently updated.; - Established Cash Flow: Currently tenant-occupied with a consistent income stream.
    Request Owner's contact information
    335 S Shelby St Carthage, TX 75633
    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.
    335 S Shelby St
    Carthage, TX 75633
    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
    335 S Shelby St Carthage, TX 75633
    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
    Maya Patel
    Real Estate License ID: 698351
    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!