Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    113 E Goode St Quitman, TX 75783

    View on Map
    Sponsored
    For Sale
    $250,000

    Office - Quitman, TX

    Type:Office
    Property size:
    1,900 SF
    Lot size:
    0.04 Acres
    Days on Market:
    16
    Last Refresh:
    Mar 10 at 4:06 pm

    Property Features for 113 E Goode St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    R37000
    Parking features
    On Street
    Size
    1,900 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Tar/Gravel
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Goodbrake
    Lisa Goodbrake

    Miller Homes Group PLLC (903) 504-5474

    Listing agent Lisa Goodbrake (903) 953-3675 License #0626150

    Listing date Feb 22, 2026

    MLS# 20992221 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Office Building in Quitman

    This completely remodeled office building is located on the main road, across the street from City Hall, in the heart of Quitman. The property offers over 1,900 sq ft of flexible space suitable for retail, medical, or professional office use. The building includes a welcoming reception area, three private offices, a conference room, a break room with granite countertops, storage, and a large open office area with cubicles and 9 additional desks. The property is zoned for commercial use and is move-in ready. It is located within walking distance to restaurants, shops, and other local amenities. The lot size is 0.043 acres. High visibility and excellent curb appeal make this a suitable spot for a growing business or investment portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Quitman
    County
    Wood
    State
    Texas
    Longitude
    -95.450995
    Latitude
    32.795961

    Nearby Similar for Sale

    • $274,900
      0.66 Acres

      Versatile Commercial Building in Quitman

      Highly visible commercial building in the heart of Quitman, Texas.
      402 W Bermuda St, Quitman, TX 75783
      View Details
    • New
      $599,000
      3,077 SF

      East Texas Ranch with Pool

      East Texas ranch featuring a pool, acreage, and convenient location.
      352 County Road 3120, Quitman, TX 75783
      View Details
    • $99,900
      0.06 Acres

      Charming Commercial Building in Quitman

      Updated commercial building with display windows in thriving community.
      207 Goode St, Quitman, TX 75783
      View Details
    • $924,900
      7,377 SF

      Downtown Quitman Commercial Property

      Prime commercial property in downtown Quitman with multiple office units.
      105 State Highway 154, Quitman, TX 75783
      View Details
    • $395,000
      1,404 SF

      Texas Ranch Ready Property

      14 acre ranch property with updated home and improvements.
      2685 N State Highway 37, Quitman, TX 75783
      View Details
    • $685,130
      0.08 Acres

      Downtown Quitman Retail Opportunity

      5230 sq ft building in the heart of Downtown Quitman.
      105 S Main St, Quitman, TX 75783
      View Details
    • $635,000
      2,987 SF

      Ranch Home on 26 Acres

      Charming ranch home on 26 acres near downtown Quitman.
      1860 Fm 2088, Quitman, TX 75783
      View Details
    • $99,900
      0.06 Acres

      Charming Commercial Building in Quitman

      Updated commercial building with display windows in thriving community.
      207 E Goode St, Quitman, TX 75783
      View Details
    • $759,999
      3,288 SF

      Custom Log Home on Acreage

      Unique log home on 17 acres near Lake Fork.
      575 County Road 1214, Quitman, TX 75783
      View Details
    • $210,000
      798 SF

      Furnished Short-Term Rentals Near Lake

      Fully furnished tiny homes with bookings, generating passive income.
      275 Indian Gap, Quitman, TX 75783
      View Details
    • New
      $1,500,000
      6,300 SF

      Lake Fork Washateria and Home

      Unique property with commercial washateria and waterfront home.
      3016 W State Highway 154, Quitman, TX 75783
      View Details
    • $260,000
      0.71 Acres

      Quitman, TX Fully Occupied Duplex

      Fully occupied duplex in Quitman, TX with immediate cash flow.
      659 County Road 4116, Quitman, TX 75783
      View Details

    FAQs

    What type of property is this?
    Office building - Remodeled office building with flexible space in the heart of Quitman.
    Where is this office building located?
    The property is located at 113 E Goode St Quitman, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Owner financing available: 10% down, 8% interest, 15-year term.; - Completely remodeled with asbestos removed.; - Boasting over 1,900 sq ft, this flexible space is ideal for retail, medical, or professional office use.
    (903) 953-3675
    Request Owner's contact information
    113 E Goode St Quitman, TX 75783
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    113 E Goode St
    Quitman, TX 75783
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    113 E Goode St Quitman, TX 75783
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lisa Goodbrake
    Lisa Goodbrake
    Real Estate License ID: 0626150
    (903) 953-3675
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!