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    Store-Restaurant Building with Storage Title is generated by Realmo AI

    409 N Texas Street, De Leon, TX 76444

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    For Sale
    $99,000

    SINGLE_FAMILY - De Leon, TX

    Type:Retail
    Lot size:
    0.26 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    72
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 409 N Texas Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Carport
    Standard status
    Active
    APN
    000000000583
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    ORIG DELEON, BLOCK 8, LOT 2 PT OF, 3, 4 & 5,
    Tax Annual Amount
    1343

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1945
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Concrete
    Building materials
    Block, Concrete, Plaster, SteelSiding
    Roof type
    Metal, Tar/Gravel

    We can help!

    Listing Contact
    Barbara Lee

    Listing agent Barbara Lee License #0266016

    Listing office Cogburn Real Estate De Leon, TX

    Listing date Mar 24, 2026

    MLS# 21216652

    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

    • Commercial store‑restaurant building on a 0.26‑acre lot with 188 ft of frontage on TX Hwy 16 (North Texas St)
    • Large open product display and cashier area plus covered awning at the front of the store building
    • Rear large storage area with two overhead type access doors
    • South end includes a covered, wire‑enclosed secure storage area with two large overhead type access doors
    • Central heat (natural gas) and central air; ceramic tile floors; metal and tar/gravel roof
    • Public water and public sewer; parking includes a carport; 2 bathrooms

    Overview

    This store-restaurant building is positioned for immediate business use, with a large open product display and cashier area designed to serve customers efficiently. The interior also includes two bathrooms, central air and heat, and ceramic tile floors. In addition to the main sales space, the rear offers a large storage area with two overhead-type access doors, providing practical loading and back-of-house flexibility. On the south end of the main building, there is also covered, wire-enclosed secure storage with two additional overhead-type access doors and a front covered awning for curb appeal.

    The property sits on North Texas St (TX Hwy 16) close to downtown De Leon. It is set on a 0.26-acre lot with 188 feet of street frontage, giving it meaningful visibility for retail or service concepts that benefit from being seen.

    With multiple storage zones and several overhead access points, this building can fit a range of operators seeking a ready-made storefront and workable back-of-house space. The configuration supports businesses that need both customer-facing area and durable, secure inventory storage, whether used as a restaurant-style operation or repurposed for other retail and service uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    De Leon
    County
    Comanche
    State
    Texas
    Longitude
    -98.5360299
    Latitude
    32.1125604

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    FAQs

    What type of property is this?
    Storefront property - Store-restaurant building near downtown with extensive storage options, central HVAC, and strong street-front visibility on TX Hwy 16.
    Where is this storefront property located?
    The property is located at 409 N Texas Street De Leon, TX.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Commercial store‑restaurant building on a 0.26‑acre lot with 188 ft of frontage on TX Hwy 16 (North Texas St); Large open product display and cashier area plus covered awning at the front of the store building; Rear large storage area with two overhead type access doors
    (254) 734-5974
    We can help!
    Listing Contact
    Barbara Lee
    Real Estate License ID: 0266016
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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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