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    Mixed-Use Income Property with Storage Title is generated by Realmo AI

    617 N 7th Street, Sulphur Springs, TX 75482

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    For Sale
    $375,000

    COMMERCIAL - Sulphur Springs, TX

    Lot size:
    1.36 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 5 at 7:06 am

    Property Features for 617 N 7th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage, Open, Parking Lot
    Standard status
    Active
    APN
    R000005252
    Lot size
    1.36 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 0.940 LOT: 4R REPLAT OF LOTS 3 4 10 &
    Tax Annual Amount
    4265

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Ceiling Fan(s), Window Unit(s), Electric, Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Laminate, Concrete
    Building materials
    Block, MetalSiding
    Roof type
    Composition, Metal

    We can help!

    Listing Contact
    Mindy Bell

    Listing agent Mindy Bell License #0627075

    Listing office Freedom Realty Sulphur Springs, TX

    Listing date Mar 29, 2026

    MLS# 21143108

    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

    • Three bay shop with water and electric available for a variety of commercial uses
    • Two apartments: one 2‑bedroom, 1.5‑bath unit and one 1‑bedroom, 1‑bath unit
    • 11 storage units currently leased for equipment and trailer storage
    • Built in 1978 with block and metal siding construction and composition/metal roofing
    • Public water and public sewer service connected
    • Parking includes a garage plus open parking and parking lot space

    Overview

    This mixed-use income property combines a three-bay shop with residential units and dedicated storage. The three-bay shop is supported by water and electric, creating a versatile space suited to a range of commercial uses. The property also includes two apartments, featuring one 2-bedroom, 1-and-one-half-bath unit and one 1-bedroom, 1-bath unit. In addition, there are 11 storage units, and extra space on the property is currently leased for equipment and trailer storage.

    Located at 617 N 7th Street in Sulphur Springs, Texas, this site presents a rare blend of flexibility and existing improvements. With multiple components already in place, the property can support an operator looking to run a business while also deriving revenue from the residential and storage portions.

    For investors, the layout offers diversification across commercial, residential, and storage operations within one property. For owner-users, the shop’s utility availability and the existing rental components can help offset operating costs. The included storage and equipment/trailer area further support tenant and customer needs, making the overall setup a practical option for those exploring both income generation and future growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thornton Contractors Construction Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sulphur Springs
    County
    Hopkins
    State
    Texas
    Longitude
    -95.604581
    Latitude
    33.148114

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    FAQs

    What type of property is this?
    Duplex - Three-bay shop plus two apartments and 11 storage units provide multiple income streams on a single site.
    Where is this duplex located?
    The property is located at 617 N 7th Street Sulphur Springs, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Three bay shop with water and electric available for a variety of commercial uses; Two apartments: one 2‑bedroom, 1.5‑bath unit and one 1‑bedroom, 1‑bath unit; 11 storage units currently leased for equipment and trailer storage
    (903) 348-5836
    We can help!
    Listing Contact
    Mindy Bell
    Real Estate License ID: 0627075
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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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