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    Converted Hair Salon Retail Building Title is generated by Realmo AI

    847 S 15th Street, Corsicana, TX 75110

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    For Sale
    $235,000

    COMMERCIAL - Corsicana, TX

    Lot size:
    0.05 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 847 S 15th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway, Gated, Garage, Covered, Carport
    Standard status
    Active
    APN
    80232
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Description
    C0000 CORSICANA BLK 301A LOT 4-1 (IMP ONLY)
    Tax Annual Amount
    773

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Brick, Frame, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Claudia Marquez

    Listing agent Claudia Marquez License #0665528

    Listing office Rise DFW Real Estate Allen, TX

    Listing date Apr 2, 2026

    MLS# 21221798

    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

    • Building remodeled and converted from a previous laundromat into a hair salon, with updates to interior and exterior in 2013–2014.
    • Roof replaced in 2023; HVAC, flooring, plumbing, and electrical updates throughout in 2013–2014.
    • Includes a kitchen, office space, and a bathroom with a stand‑up shower.
    • Parking features include covered parking, carport, garage, gated access, and driveway with parking at the front, rear, and both sides.
    • Zoned Industrial 1; no survey available (buyer to purchase new survey).
    • Purchase includes a nearby 2‑bedroom, 1‑bath 1,120 SF home steps away; currently occupied (water source: public).

    Overview

    This remodeled storefront was previously a laundromat and has been converted into a hair salon. The interior and exterior were fully updated, including improvements to HVAC, flooring, plumbing, and electrical completed in 2013 and 2014. The roof was replaced in 2023. The building is set up with a salon area plus a kitchen, office space, and a bathroom with a stand-up shower, supporting an operator who needs both work and back-of-house functionality.

    The property offers substantial on-site parking across the front, rear, and both sides of the building, with a gate installed for additional control and convenience. It is zoned Industrial 1. The listing notes that no survey is available, and the buyer will need to purchase a new survey.

    Purchase also includes a nearby 2-bedroom, 1-bath, 1120-square-foot home that sits steps away from the business building. That residence can serve as a place for the business owner or as a rental investment, and it is currently occupied. With its updated systems, practical layout, and strong parking, the combination offers a straightforward setup for a service-focused tenant seeking an efficient operating space, or an owner looking to run and manage from the same property package.
    Property Profile Location Intelligence

    Current Use by Public Records

    Norma's Beauty Salon Hair Salon

    Suggested Use

    Restaurant Real Estate Agency 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.

    Similar Places Nearby

    • Cason's Flowers & Gifts — 413 N 15th St, Corsicana, TX 75110
    • Blossoms Floral — 1503 w 2nd ave, corsicana, tx 75110
    • Victorian Sample Florist — 325 N Beaton St, Corsicana, TX 75110
    • Always In Bloom — 111 S Beaton St, Corsicana, TX 75110

    Location Insight

    • Map
    • Local Demand
    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.46352
    Latitude
    32.083416

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    FAQs

    What type of property is this?
    Storefront property - Remodeled storefront with dedicated office and bath, plus ample gated parking for a service business.
    Where is this storefront property located?
    The property is located at 847 S 15th Street Corsicana, TX.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Building remodeled and converted from a previous laundromat into a hair salon, with updates to interior and exterior in 2013–2014.; Roof replaced in 2023; HVAC, flooring, plumbing, and electrical updates throughout in 2013–2014.; Includes a kitchen, office space, and a bathroom with a stand‑up shower.
    (469) 867-2850
    We can help!
    Listing Contact
    Claudia Marquez
    Real Estate License ID: 0665528
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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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