Flex Space with Drive-Through
For Sale
$145,000
102 Front Street, Pottsboro, TX 75076
CommercialSale, Pottsboro, TX
Property Size2,000 SF
Lot Size0.12 Acres
Price / SF$72.50
Days on Market10
Property Features for 102 Front Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Driveway, Covered, Alley
Subdivision
Otp Pottsboro
Lot features
Interior Lot
Directions
GPS address
Standard status
Active
APN
153575
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
OTP POTTSBORO, BLOCK 8, LOT 16 & 17
Tax Annual Amount
1455
Legal Description
OTP POTTSBORO, BLOCK 8, LOT 16 & 17
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Texas Homes and Land Real Estate, LLC
(903) 870-6956
Listed By:
Jessica Orsburn · License #0800882
(214) 908-5468
Added: Aug 13
Changed: Aug 21
Last Checked: Aug 22 at 7:06PM
MLS# 21288581
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,000-square-foot flex space was built in 1990 with a metal exterior, metal roof, and concrete flooring. Two roll-up bay doors support drive-through movement, while 16-foot ceilings and an enclosed rear storage area provide room for equipment, inventory, and workspace. Electricity and water are connected, and the property includes public sewer service.
The site contains 0.115 acres at 102 Front Street in Pottsboro, Texas, with road frontage on two sides. Parking features include a driveway, covered parking, and alley access. Its in-town setting places the building near local businesses, customers, and major thoroughfares.
The site contains 0.115 acres at 102 Front Street in Pottsboro, Texas, with road frontage on two sides. Parking features include a driveway, covered parking, and alley access. Its in-town setting places the building near local businesses, customers, and major thoroughfares.
Key Highlights
- Approximately 2,000 square feet of flex space
- Two roll‑up bay doors with drive‑through access
- 16‑foot ceilings and enclosed rear storage area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,651
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,020
$253.0K
Cap Rate 7%
$180,729
$180.7K
Cap Rate 9%
$140,567
$140.6K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.3K $8.16/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$14.9K $7.44/SF
− OpEx
−$2.2K −$1.12/SF
NOI
$12.7K $6.33/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,020
Cap Rate 7%
$180,729
Cap Rate 9%
$140,567
Alternative Uses
Best Use
Warehouse
$180.7K
$158.1K – $210.9K
NOI $12,651 @ 7.0% cap · market cap 8.72%
Second Best
Industrial
$148.8K
$130.2K – $173.7K
NOI $10,419 @ 7.0% cap · market cap 7.19%
Theoretical Best
Hotel Hospitality
$1.03M
$897.8K – $1.20M
NOI $71,820 @ 7.0% cap · market cap 49.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75076, TX
8,057
Population
4,361
Households
1.8
Avg Household Size
50
Median Age
21%
College-Educated
93%
High-School Grad
50.3 sq mi
ZIP Area
160
Density / Sq Mi
$76,644
Median Household Income
$41,274
Median Earnings
$1,337
Median Rent
$241,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Metal-sided building offers concrete floors, enclosed rear storage, and connected public utilities.
Where is this flex space located?
The property is located at 102 Front Street Pottsboro, TX.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Approximately 2,000 square feet of flex space; Two roll‑up bay doors with drive‑through access; 16‑foot ceilings and enclosed rear storage area
