Highway Commercial Property For
For Sale
$1,100,000
94 State Highway 205, Terrell, TX 75160
3,840 SF commercial building on high-traffic State Highway 205.
Property Size3,840 SF
Price / SF$286.46
Days on Market540
Property Features for 94 State Highway 205
General Information
Standard status
Active
Size
3,840 SF
Taxes and HOA fees
Annual Taxes
$11,154
Listing Agency:
RE/MAX Landmark
Listed By:
Frank Roberts · License #0524424
(972) 524-2525
Source:
Exprealty
Added: Apr 22, 2025
Changed: Oct 6
Last Checked: Oct 13 at 12:49AM
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 RE/MAX Landmark
Investment Insights
Based on property information with market context.
This commercial property is located on State Highway 205 in Terrell, TX. The 3,840 SF building features an open, flexible layout. The property is positioned across from Walmart and Tractor Supply, and near McDonald’s, Arby’s, and CVS, providing visibility and accessibility. The building includes a commercial drive-thru lane and a grade-level overhead door in the rear for shipping and receiving. The property is located in a rapidly expanding market.
Key Highlights
- High‑traffic location on State Highway 205 with excellent visibility.
- 3,840 SF building with open, flexible layout for custom finish‑out.
- Commercial drive‑thru lane and grade‑level overhead door for shipping/receiving.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,090
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,800
$1.3M
Cap Rate 7%
$944,143
$944.1K
Cap Rate 9%
$734,333
$734.3K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$118.0K $30.72/SF
− Vacancy
−$29.8K −$7.77/SF
EGI
$88.1K $22.95/SF
− OpEx
−$22.0K −$5.74/SF
NOI
$66.1K $17.21/SF
Area
Kaufman County, TX
Vacancy
25.30%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,800
Cap Rate 7%
$944,143
Cap Rate 9%
$734,333
Alternative Uses
Best Use
Office B
$944.1K
$826.1K – $1.10M
NOI $66,090 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$915.3K
$800.9K – $1.07M
NOI $64,073 @ 7.0% cap · market cap 5.82%
Theoretical Best
Multifamily LT 5
$48.33M
$42.29M – $56.38M
NOI $3,382,969 @ 7.0% cap · market cap 307.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 75160, TX
26,632
Population
8,895
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
82%
High-School Grad
118.2 sq mi
ZIP Area
225
Density / Sq Mi
$70,862
Median Household Income
$38,493
Median Earnings
$1,177
Median Rent
$221,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 3,840 SF commercial building on high-traffic State Highway 205.
Where is this mixed-use property located?
The property is located at 94 State Highway 205 Terrell, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High‑traffic location on State Highway 205 with excellent visibility.; 3,840 SF building with open, flexible layout for custom finish‑out.; Commercial drive‑thru lane and grade‑level overhead door for shipping/receiving.
