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    119 S Commerce St Ranger, TX 76470

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    119 S Commerce St Ranger, TX 76470

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    • Churches & religious facilities
    • 11,550 SF
    • 0.23 lot acres
    For Sale
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    Historic Structure in Ranger, Texas For Sale
    Contact for pricing
    11,550 SF

    Historic Structure in Ranger, Texas

    Historic building structure with potential for commercial or residential use.

    119 S Commerce Street, Ranger, TX 76470
    View Listing
    Property ID
    US83-1620492
    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 119 S Commerce St

    Year built
    1940
    Lot size
    0.23 lot acres
    Property size
    11,550 SF
    Property type
    Churches & religious facilities
    APN
    55997

    Description

    This exceptional 11,550 square foot, three-story building located at 119 S Commerce St, Ranger, Texas 76470, presents a unique redevelopment opportunity. Originally constructed in 1940, this historic property sits on a 0.23-acre lot (APN 55997) in the heart of Ranger, Texas, and offers significant potential for adaptive reuse. While the building sustained fire damage, its sturdy structure remains intact, providing a solid foundation for a variety of commercial ventures. The property's size and central location make it ideal for conversion into commercial office space, apartments, or other creative uses. The building is available for purchase at an asking price of $20,000, with an occupancy date of October 1, 2024. This is a rare chance to acquire a piece of Ranger's history and transform it into a thriving business or residential space. The property's potential is limited only by the buyer's imagination. Don't miss this opportunity to own a piece of Texas history and shape its future.

    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
    Ranger
    County
    Eastland
    State
    Texas
    Longitude
    -98.680563670872
    Latitude
    32.469254997491

    Comparable in this City

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      Charming 1920s Building with Lot

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      Move-In Ready Commercial Building

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      0.89 Acres

      Residential Land in Ranger, Texas

      Unimproved land suitable for building a new home with utilities.
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      30.00 Acres

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      Versatile 30-acre land with utilities, cabin, and multiple use potential.
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      Ranger, TX Office Building

      Office building on a large lot, suitable for business.
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      Pending

      Historic Structure in Ranger, Texas

      Historic building structure with potential for commercial or residential use.
      119 S Commerce St, Ranger, TX 76470
      View Details

    Similar Nearby for Sale

    • $139,900

      Charming 1920s Building with Lot

      Character-filled 1920s building with adjacent lot and ample parking.
      115 N Commerce St, Ranger, TX 76470
      View Details
    • $249,900

      Move-In Ready Commercial Building

      Over 6000 sq ft, ready for business.
      308 W Main St, Ranger, TX 76470
      View Details
    • Contact for pricing
      0.89 Acres

      Residential Land in Ranger, Texas

      Unimproved land suitable for building a new home with utilities.
      22 Oakcrest Dr, Ranger, TX 76470
      View Details
    • $299,000
      30.00 Acres

      30 Acres with Utilities, Cabin

      Versatile 30-acre land with utilities, cabin, and multiple use potential.
      12550 County Road 136, Ranger, TX 76470
      View Details
    • $174,900
      0.53 Acres

      Ranger, TX Office Building

      Office building on a large lot, suitable for business.
      211 Austin St, Ranger, TX 76470
      View Details
    • Contact for pricing
      Pending

      Historic Structure in Ranger, Texas

      Historic building structure with potential for commercial or residential use.
      119 S Commerce St, Ranger, TX 76470
      View Details
    View Listing
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    Ranger, TX 76470
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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.

    More about this property
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