4 Sherman St Mullin, TX 76864
This exceptional 1,056 square foot retail property, located at 4 W Sherman Street in Mullin, Texas, presents a unique investment opportunity. Situated on a 0.17-acre lot, this building boasts a rich history, having served as a Masonic lodge until 2023. Constructed in the 1970s, the structure offers a largely open interior layout, ideal for a variety of commercial uses. A small restroom and a front foyer are the only interior divisions, providing flexibility for customization and tenant build-out. The property's versatile design allows for the potential conversion to residential use, catering to a range of entrepreneurial ventures or residential needs. Its prime location in Mullin, Texas offers access to a thriving small-town community. The asking price of $56,000 makes this an attractive proposition for investors seeking a strong return on investment in a desirable location. The property's open floor plan and ample space provide a blank canvas for creative business development or residential transformation. This is a rare opportunity to acquire a piece of Mullin's history and shape its future. Don't miss out on this chance to own a versatile and well-located property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.