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Property profile & analytics
OFF-MARKET
Commercial real estate
603 8th St Cisco, TX 76437-5518
Individually Owned
1-yr Hold
Free & Clear
Property ID
US83-1732954
Property summary
AI-generated overview
This unique Cisco, TX property offers a captivating blend of history and modern potential. Located at 603 E 8th Street, this 2,002 square foot building boasts a charming, original gas station complete with an office and vehicle lift – a car enthusiast's dream! The attached 1,200 square foot addition provides a versatile storefront, perfect for retail or various business ventures. Imagine the possibilities: a thriving auto repair shop combined with a complementary retail space, or a completely new business concept in a high-traffic area. The 0.38-acre lot provides ample space for expansion or outdoor activities. Situated in the heart of Cisco, this property offers a rare opportunity to own a piece of local history while establishing a successful enterprise. This is an exceptional chance to invest in a vibrant community with significant growth potential. All information is believed to be accurate but should be independently verified. The property is priced at $178,000.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Total area
2,698 SF
Lot
0.24 ac (10,324 SF)
APN
4661
UPID
US83-1732954
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John Engelbrecht · 1 yrs held
John Engelbrecht
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cisco submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,583
Tax year 2022
Assessed value
$89,830
Assessed 2024
Previous assessed
$122,530
-26.7% YoY
Effective rate
2.88%
On assessed value
Assessed land
$14,030
Assessed improvement
$75,800
Land market value
$14,030
Improvement market value
$75,800
Total market value
$89,830
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1960
Heating
NONE
Bathrooms
2
Total area
2,698 SF
Lot
0.24 ac (10,324 SF)
APN
4661
UPID
US83-1732954
Jurisdiction
EASTLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
John Engelbrecht
Individual
Free & Clear · 1 yrs held
Mailing address
510 W LEXINGTON ST, GORMAN, TX 76454-3035
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2024
—
John Engelbrecht
Brian Bailey Construction
Sheriffs Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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