Mixed-Use Property with Adjacent
For Sale
$235,000
847 S 15th Street Comm, Corsicana, TX 75110
Remodeled commercial space includes a kitchen, private office, bathroom with stand-up shower, and extensive on-site parking.
Property Size900 SF
Price / SF$261.11
Days on Market49
Property Features for 847 S 15th Street Comm
General Information
Standard status
Active
Size
900 SF
Zoning
Industrial 1
Amenities
kitchen
office space
bathroom with stand-up shower
gate
Building Details
Year Built
1940
Year Renovated
2023
Buildings
2
Listing Agency:
Rise DFW Real Estate
Listed By:
Claudia Marquez · License #0665528
(214) 878-2984
Source:
Minteerteam
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 30 at 7:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rise DFW Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use offering includes a remodeled commercial building with a kitchen, office area, and bathroom equipped with a stand-up shower. HVAC, flooring, plumbing, and electrical systems were updated during 2013 and 2014, and the roof was replaced in 2023. Parking is provided around the building, with access controlled by an installed gate.
The sale also includes a nearby two-bedroom, one-bath residence measuring 1,120 square feet. The home is currently occupied and may serve as housing for a business owner or as a rental property. The commercial property is zoned Industrial 1 and is located at 847 S 15th Street in Corsicana, Texas.
The sale also includes a nearby two-bedroom, one-bath residence measuring 1,120 square feet. The home is currently occupied and may serve as housing for a business owner or as a rental property. The commercial property is zoned Industrial 1 and is located at 847 S 15th Street in Corsicana, Texas.
Key Highlights
- Mixed‑use property includes a 2‑bedroom, 1‑bath home measuring 1,120sf
- Commercial building includes kitchen, office space, and bathroom with stand‑up shower
- HVAC, flooring, plumbing, and electrical updated in 2013 and 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,939
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,780
$298.8K
Cap Rate 7%
$213,414
$213.4K
Cap Rate 9%
$165,989
$166.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$22.5K $24.96/SF
− Vacancy
−$1.1K −$1.25/SF
EGI
$21.3K $23.71/SF
− OpEx
−$6.4K −$7.11/SF
NOI
$14.9K $16.60/SF
Area
Navarro County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,780
Cap Rate 7%
$213,414
Cap Rate 9%
$165,989
Alternative Uses
Best Use
Retail
$213.4K
$186.7K – $249.0K
NOI $14,939 @ 7.0% cap · market cap 6.36%
Second Best
Mixed Use
$130.2K
$113.9K – $151.9K
NOI $9,113 @ 7.0% cap · market cap 3.88%
Theoretical Best
Multifamily LT 5
$9.89M
$8.65M – $11.54M
NOI $692,121 @ 7.0% cap · market cap 294.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
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Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled commercial space includes a kitchen, private office, bathroom with stand-up shower, and extensive on-site parking.
Where is this mixed-use property located?
The property is located at 847 S 15th Street Comm 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: Mixed‑use property includes a 2‑bedroom, 1‑bath home measuring 1,120sf; Commercial building includes kitchen, office space, and bathroom with stand‑up shower; HVAC, flooring, plumbing, and electrical updated in 2013 and 2014
