Property profile

1407 Live Oak St Commerce, TX 75428

FOR LEASE
Commercial real estate
Property ID
US83-3945361
6,020 SF 0.63 ac lot Built 2008
Entity Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 1407 Live Oak St in Commerce, Texas, offers 3,679 square feet of immediately available space within a larger 5,973 square foot strip center. Situated on a 0.63-acre lot at the highly visible southeast corner of Monroe Street and Live Oak Street, this well-established center boasts over 40 parking spaces, ensuring ample convenience for customers. The building enjoys a prominent location in Commerce's business district, benefiting from strong landmark recognition and excellent signage opportunities. The property's history as a retail staple in the community provides an established customer base and immediate brand awareness. This is an ideal opportunity for businesses seeking a high-traffic location with significant visibility and ample parking. The property is in Hunt County, Texas, and has a zip code of 75428. The available space is perfect for a variety of retail uses and offers a chance to establish or expand a business in a thriving community. The property's location at the intersection of two major streets ensures high traffic volume and excellent exposure.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Total area 6,020 SF
Lot 0.63 ac (27,269 SF)
APN 2883-0010-0010-31
UPID US83-3945361

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1407 Live Oak St Commerce, TX 75428
Commerce metro Census 960600 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$873k
Blend (final) Blend
$425k

Owner & transaction history

since 2007
5 recorded transactions
2022
Price N/A
2007
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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