Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Emory, TX Retail Opportunity Title is generated by Realmo AI

    400 E Lennon, Emory, TX 75440

    View on Map
    Claim this Listing
    New
    For Sale
    $349,500

    Retail - Emory, TX

    Type:Retail
    Lot size:
    1.33 Acres
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 2:06 pm

    Property Features for 400 E Lennon

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    Open
    Standard status
    Active
    APN
    R 5298
    Lot size
    1.33 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1985
    Flooring type
    Carpet, Other
    Building materials
    Aluminum Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Don Spencer

    Listing agent Don Spencer License #0277739

    Listing office L.L. Spencer Real Estate 410 East Lennon Dr., Emory, TX

    Listing date May 29, 2026

    MLS# 21285557 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

    • High visibility and high traffic location.
    • Multi‑purpose building suitable for various business ideas.
    • Proximity to Emory offers potential for business growth.
    • Close to Lake Fork and Lake Tawakoni.
    • Metal roof.
    • Central heating and air conditioning.

    Overview

    This multi-purpose building is located in Emory, Texas, offering high visibility and traffic. Situated minutes from Lake Fork and Lake Tawakoni, the property is positioned to grow with Emory. The lot size is 1.325 acres. The property is being sold as-is.
    Property Profile Location Intelligence

    Current Use by Public Records

    William's Pets and Supplies (Bike/Boat/Book/etc) Store Dos Charros Tex ... Restaurant Donut Supreme Bakery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Emory
    County
    Rains
    State
    Texas
    Longitude
    -95.7624038
    Latitude
    32.8711344

    Nearby Similar for Sale

    • $485,000

      Prime Emory, TX Location

      1.60 acre property in the heart of Emory, Texas.
      899 E Lennon Drive, Emory, TX 75440
      View Details
    • $1,650,000
      3,630 SF

      Emory Ranch with Modern Farmhouse

      Serene country living on 46 acres near Emory, Texas.
      2261-b State Highway 276, Emory, TX 75440
      View Details
    • $205,000

      Highway Frontage Car Wash Business

      Car wash with highway frontage and income-generating potential.
      316 W Lennon, Emory, TX 75440
      View Details
    • $1,200,000

      Established Car Wash & Lube

      Well-maintained car wash and lube center with income potential.
      319 W Lennon Drive, Emory, TX 75440
      View Details
    • $2,300,000
      3,630 SF

      55-Acre Ranch with Multiple Homes

      Serene country living on a stunning 55-acre ranch.
      2261 State Highway 276, Emory, TX 75440
      View Details
    • $600,000

      Emory Car Wash on Highway

      Established car wash business opportunity in Emory, Texas.
      315 W Lennon, Emory, TX 75440
      View Details
    • $395,000
      1,854 SF

      Emory, TX Living Farm

      Move-in ready farm with home, chicken coop, and sunroom.
      550 RS COUNTY ROAD 3425, Emory, TX 75440
      View Details
    • $295,000

      Retail Location Near Lake Fork

      Retail location with shooting range near Lake Fork.
      4387 FM515, Emory, TX 75440
      View Details
    • $149,900

      Tenant Occupied Homes in Emory

      Two tenant-occupied homes with leases in place in Emory, TX.
      129&131 N Dunbar Lane, Emory, TX 75440
      View Details
    • $324,900
      3,832 SF

      Retail Space with Shooting Range

      Retail location with indoor shooting range near Lake Fork.
      4387 Fm515, Emory, TX 75440
      View Details
    • $600,000

      Car Wash on Highway 69

      Well-respected car wash on Highway 69 in Emory, Texas.
      315 W Lennon, Emory, TX 75440
      View Details
    • $1,200,000
      6,600 SF

      Established Car Wash & Lube

      Well-maintained car wash and lube center with income potential.
      319 W Lennon Drive, Emory, TX 75440
      View Details

    FAQs

    What type of property is this?
    Storefront property - Multi-purpose building with high visibility in Emory, Texas.
    Where is this storefront property located?
    The property is located at 400 E Lennon Emory, TX.
    What is the asking price?
    The asking price for this property is $349,500.
    What are key features of this property?
    This property features: High visibility and high traffic location.; Multi‑purpose building suitable for various business ideas.; Proximity to Emory offers potential for business growth.
    (903) 473-2225
    We can help!
    Listing Contact
    Don Spencer
    Real Estate License ID: 0277739
    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

    Thank You for Inquiry
    400 E. Lennon, Emory, TX 75440
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!