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    1005 Red River St Mexia, TX 76667
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    Property profile & analytics

    1005 Red River St, Mexia, TX 76667

    View on Map
    • Churches & religious facilities
    • 2,937 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US82-5928045
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Churches & religious facilities

    Property Details for 1005 Red River St

    Lot size
    0.55 lot acres
    Property type
    Churches & religious facilities
    APN
    R1037

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 2025 — Mary Elizabeth Keathley — Deed · related $37k · Incommons Bank NA

    Description

    This 2,937 square foot special purpose property, located at 1005 N Red River St, Mexia, TX 76667, is offered for sale at $150,000. Situated on a 0.55-acre lot (APN R1037), this Limestone County property presents a unique opportunity for diverse uses. Previously utilized as a Kingdom Hall, the building boasts an adaptable floor plan, making it suitable for various purposes including, but not limited to, religious centers or office spaces. The building's open layout allows for seamless conversion to meet specific needs. The asking price equates to $51.07 per square foot. The entire 2,937 square feet is net rentable. This versatile property offers significant potential for those seeking a flexible space to tailor to their specific requirements. The property's location in Mexia, Texas provides convenient access to local amenities and transportation. This is a for sale by owner listing. Serious inquiries are encouraged to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.477755442101
    Latitude
    31.692347523113

    Comparable in this City

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      One-Story Brick Office/Church Building

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      13,750 SF

      Dollar General NNN Investment Property

      NNN Dollar General in Mexia, TX with 4+ years remaining.
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      Highway 84 Commercial Property

      Commercial property for sale on Highway 84 West, Mexia.
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      7,000 SF

      Iconic Bar and Restaurant For Sale

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    Similar Nearby for Sale

    • $75,000
      0.60 Acres

      One-Story Brick Office/Church Building

      Former church facility with flexible interior rooms, restrooms, and a large parking lot off Highway 171.
      932 Highway 171, Mexia, TX 76667
      View Details
    • Contact for pricing

      Brick One-Story Assembly Building

      Single-story brick facility with a large meeting space, offices, and restrooms, supported by ample on-site parking.
      932 Highway 171, Mexia, TX 76667
      View Details
    • Contact for pricing
      13,750 SF

      Dollar General NNN Investment Property

      NNN Dollar General in Mexia, TX with 4+ years remaining.
      1003 E Milam St, Mexia, TX 76667
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      Highway 84 Commercial Property

      Commercial property for sale on Highway 84 West, Mexia.
      2596A Highway 84 W, Mexia, TX 76667
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      7,000 SF

      Iconic Bar and Restaurant For Sale

      Turn-key bar and restaurant with expansion potential in Mexia, TX.
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    Similar Nearby for Lease

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      6,000 SF

      Versatile Commercial Space Available

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    • $7,500 /Mo

      Commercial Space on Milam Street

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      3,650 SF

      Retail Space in Downtown Mexia

      Second generation retail space with excellent visibility and ample parking.
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      Former Restaurant with Double Drive-Through

      2,977 SF restaurant space with double drive-through in Mexia, TX.
      708 W Milam St, Mexia, TX 76667
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    Mexia, TX 76667
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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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