Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 1st Ave Corsicana, TX 75110-3172
    Back to Search
    Property profile & analytics

    111 1st Ave, Corsicana, TX 75110-3172

    View on Map
    • Specialty properties
    • 4,000 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US82-6382794
    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
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Compassion Corsicana / Social Service Agency / Charitable Organization
    • Navarro Central Tax Office / Real Estate Agency
    • Navarro CAD / Government Office

    Property Details for 111 1st Ave

    Year built
    1986
    Lot size
    0.50 lot acres
    Property type
    Specialty properties
    APN
    32323
    APU
    32323

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2019 — Family Service Association Navvrro County Appraisal District Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $675,000
      6.5%
      $625,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $655,000
      Market price range: $207k - $655k

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

    Location Insight

    • Map
    • Local Demand
    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.4659
    Latitude
    32.0981
    CBSA code
    18620
    CBSA name
    CORSICANA, TX MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $152,600
    $379,310
    $531,910
    -
    $152,600
    $379,310
    $531,910

    Comparable in this City

    • Value Estimation by Request
      0.30 Acres

      2122 4th Ave

      COMMERCIAL MISC
      2122 4th Ave, Corsicana, TX 75110-4061
      View Details
    • Value Estimation by Request
      0.20 Acres

      516 5th Ave

      COMMERCIAL MISC
      516 5th Ave, Corsicana, TX 75110
      View Details
    • Value Estimation by Request
      0.34 Acres

      418 5th Ave

      COMMERCIAL MISC
      418 5th Ave, Corsicana, TX 75110
      View Details
    • Value Estimation by Request
      0.46 Acres

      1020 6th Ave

      COMMERCIAL MISC
      1020 6th Ave, Corsicana, TX 75110
      View Details
    • Value Estimation by Request
      0.10 Acres

      1318 Beaton St

      COMMERCIAL MISC
      1318 Beaton St, Corsicana, TX 75110-3159
      View Details
    • Value Estimation by Request
      0.68 Acres

      3001 Business 45

      COMMERCIAL MISC
      3001 Business 45, Corsicana, TX 75110-1489
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      139,392 SF

      Versatile Commercial Property in Corsicana

      Adaptable campus on 3.2 acres suitable for various ventures.
      3640 N Business 45, Corsicana, TX 75110
      View Details
    • Contact for pricing
      7,000 SF

      New Retail Building For Sale

      New construction retail building with a long-term tenant.
      3820 State Highway 31 W, Corsicana, TX 75110
      View Details
    • $675,000
      3.20 Acres

      Multi-Building Institutional Campus

      Cleared campus with three buildings, classrooms, and assembly spaces, offering strong flexibility for education or faith-based uses.
      3640 N Business 45, Corsicana, TX 75110
      View Details
    • Contact for pricing

      Historic Corsicana Building on Beaton

      Two-story brick building in downtown Corsicana with endless potential.
      107 S Beaton St, Corsicana, TX 75110
      View Details
    • $2,900,000
      20,840 SF

      Corsicana Event Center - Prime Location

      Versatile 20,840 sq ft facility on 5 acres
      601 45Th St, Corsicana, TX 75110
      View Details
    • Contact for pricing

      Industrial Investment Property in Corsicana

      24,000+ SF industrial facility on 3.5 acres in Corsicana.
      2400 S Business 45, Corsicana, TX 75110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,818 SF

      Industrial Shell Space in Corsicana

      3,818 SF shell space with frontage on 7th Ave/Hwy 31.
      201 E 7Th Ave, Corsicana, TX 75110
      View Details
    • Contact for pricing
      7,500 SF

      Prime Retail Pad Site Available

      High-traffic retail hub near Navarro College and national tenants.
      3640 State Highway 31 W, Corsicana, TX 75110
      View Details
    • New
      $2,500 /Mo
      27,051 SF

      Two-Story Office Building with Sunroom

      Flexible two-level office with reception, conference rooms, kitchenette, and sunroom for client meetings and daily work.
      806 W 7Th Ave, Corsicana, TX 75110
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space Ground Lease Available

      Retail space for ground lease in central Corsicana, Texas.
      1412 W 7Th Ave, Corsicana, TX 75110
      View Details
    • Contact for pricing
      40,000 SF

      Retail Space Available

      Retail space available for lease.
      3500 W 7Th Ave, Corsicana, TX 75110
      View Details
    • Contact for pricing
      3,379 SF

      Retail Spaces on West 7th Avenue

      Retail spaces for lease on Corsicana's main retail corridor.
      1809 W 7Th Ave, Corsicana, TX 75110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 1st Ave
    Corsicana, TX 75110-3172
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    111 1st Ave, Corsicana, TX, 75110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!