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    117 S Montgomery St Gilmer, TX 75644

    For Sale
    $225,000

    Commercial Sale, Other - Gilmer, TX

    Days on Market:
    269
    Last Refresh:
    Dec 10 at 10:06 am

    Property Features for 117 S Montgomery St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1986
    Architectural style
    Other

    NextHome, Inc

    Listing agent Kaitlin Glaze (903) 235-2795 License #705598,PersonLicenseNumber

    Listing date Mar 17, 2025

    MLS# 20251684 Listing URL

    Copyright © 2025 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Office Suites in Gilmer

    This commercial office space in Gilmer, Texas, presents a boutique office opportunity. Remodeled in 2022, the property is designed to be turn-key for various businesses. Currently configured as office suites, the layout includes a waiting room, kitchenette, and a conference room, complemented by four additional suites, each equipped with a lock and key. The property is currently utilized as office suites for rent, generating passive income. The space is suitable for a range of professional uses, including a doctor's office, salon, spa, dental office, or real estate office. The current rental income is $2400 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beyond The Meadow Homes Real Estate Developer Walton Jerald w ... Dentist 1st Choice Title ... Title Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilmer
    County
    Upshur
    State
    Texas
    Longitude
    -94.948414
    Latitude
    32.727942

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    FAQs

    What type of property is this?
    Office space - Turn-key office space with rental income potential in Gilmer, TX.
    Where is this office space located?
    The property is located at 117 S Montgomery St Gilmer, TX.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Turn-key remodeled office space suitable for various businesses (2022 remodel).; - Potential for passive income through existing office suite rentals ($2400/month).; - Features a waiting room, kitchenette, conference room, and four individual suites with locks.
    (903) 235-2795
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    Gilmer, TX 75644
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    Realmo Value Estimation

    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.

    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.

    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
    117 S Montgomery St Gilmer, TX 75644
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