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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    906 Birch St Canadian, TX 79014

    • Residential income homes
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8010588
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 906 Birch St

    Year built
    1981
    Lot size
    0.34 lot acres
    Property type
    Residential income homes

    Description

    This exceptional value-add investment opportunity presents a portfolio of two duplexes located at 906 E Birch St, Canadian, TX 79014. The property consists of four one-bedroom, one-bathroom units situated on a 0.344-acre lot. Built in 1981, these single-story buildings are currently operating at 100% occupancy, generating a pro-forma NOI of $20,897 and a pro-forma cap rate of 17.86%. The asking price is $117,000, representing a price per unit of $29,250. Significant value-add potential exists due to below-market rents. Recent improvements include new roofs installed in 2023 and updated interiors featuring laminate flooring in select units. The property is zoned MULTV3 and offers a compelling return on investment for savvy investors seeking a strong cash flow opportunity in the Texas market. This is a rare chance to acquire a well-located, multifamily property with immediate income and substantial upside potential. The property's strong occupancy rate and recent upgrades make it an attractive investment for both seasoned and new investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Canadian
    County
    Hemphill
    State
    Texas
    Longitude
    -100.3810439
    Latitude
    35.9046696

    Comparable in this City

    • $270,000

      Historic Canadian Commercial Building

      Prime Location, Multi-Use Potential, High Returns
      200 3Rd St, Canadian, TX 79014
      View Details
    • $75,000
      15.47 Acres

      Canadian, TX Land Opportunity

      Approximately 15-acre tract with rolling terrain and beautiful views.
      Us Highway 83, Canadian, TX 79014
      View Details
    • $400,000

      Canadian Commercial Building Opportunity

      Prime 2.376-acre commercial lot with metal building.
      105 Hackberry Trl, Canadian, TX 79014
      View Details
    • $950,000
      3,738 SF

      41.3 Acre Ranch in Canadian, TX

      Ranch property with main home, shop, and separate home.
      1204 E Cheyenne Ave, Canadian, TX 79014
      View Details
    • $75,000
      15.47 Acres

      Canadian, TX Land Opportunity

      15-acre tract near Canadian, TX, ideal for custom homesite.
      Us Highway 83, Canadian, TX 79014
      View Details
    • $75,000
      15.47 Acres

      Canadian, TX Land For Sale

      15-acre tract near Canadian, TX, ideal for custom homesite.
      Us Highway 83, Canadian, TX 79014
      View Details

    Similar Nearby for Sale

    • $270,000

      Historic Canadian Commercial Building

      Prime Location, Multi-Use Potential, High Returns
      200 3Rd St, Canadian, TX 79014
      View Details
    • $75,000
      15.47 Acres

      Canadian, TX Land Opportunity

      Approximately 15-acre tract with rolling terrain and beautiful views.
      Us Highway 83, Canadian, TX 79014
      View Details
    • $400,000

      Canadian Commercial Building Opportunity

      Prime 2.376-acre commercial lot with metal building.
      105 Hackberry Trl, Canadian, TX 79014
      View Details
    • $950,000
      3,738 SF

      41.3 Acre Ranch in Canadian, TX

      Ranch property with main home, shop, and separate home.
      1204 E Cheyenne Ave, Canadian, TX 79014
      View Details
    • $75,000
      15.47 Acres

      Canadian, TX Land Opportunity

      15-acre tract near Canadian, TX, ideal for custom homesite.
      Us Highway 83, Canadian, TX 79014
      View Details
    • $375,000
      77.36 Acres

      Land Near Canadian Golf Course

      Approximately 77-acre tract near town with rolling terrain and views.
      Us Highway 83, Canadian, TX 79014
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,941 SF

      Canadian, TX Retail Space For Lease

      6,941 SF Freestanding Retail Building
      308 2Nd St, Canadian, TX 79014
      View Details
    • $10,000 /Mo
      11,250 SF

      Spacious Warehouse with Fenced Yard

      11,250 SF warehouse on 2.5 acres with fenced yard.
      110 W Birch St, Canadian, TX 79014
      View Details
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    Canadian, TX 79014
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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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