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    145 N 4Th St Wills Point, TX 75169

    Sponsored
    For Lease
    $1,990 /Mo ($4 SF/Yr)

    Retail - Wills Point, TX

    Type:Retail
    Property size:
    5,300 SF
    Lot size:
    0.13 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 24 at 1:06 am

    Property Features for 145 N 4Th St

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    APN
    R000035395
    Size
    5,300 SF
    Lot size
    0.13 Acres

    Utilities

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

    Building Details

    Year built
    1900
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Josh Brannon

    Century 21 Legacy (903) 873-2141

    Listing agent Josh Brannon (903) 873-2141 License #0541775

    Listing date Jan 10, 2026

    MLS# 20841289 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

    Downtown Corner Retail Opportunity

    Located on a prime corner in Downtown Wills Point, this retail property, formerly the historic Bruce & Human drugstore, offers over 5300 sq ft of usable space. The property features frontage on two main downtown streets and alley access. Plumbing is available in several locations, along with two bathrooms and central heat and air. The recently renovated building exterior provides excellent visibility. The landlord is open to partnering with the right tenant. The interior is ready for build out. The property is located on the southwest corner of 4th St. and HWY 80. Please note that the storage space in the northwest corner of the building is not included in the square footage and will be reserved and unavailable to the tenant, but can be leased for an additional fee. The property is suited to support a thriving business that will serve Wills Point for years to come.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Wills Point
    County
    Van Zandt
    State
    Texas
    Longitude
    -96.008397
    Latitude
    32.708964

    Nearby Similar for Lease

    • $2,000 /Mo
      77,101 SF

      Prime Commercial Space For Lease

      Spacious commercial property in a thriving downtown area on Main Street.
      566 N 4Th St, Wills Point, TX 75169
      View Details
    • $2,400 /Mo
      170,755 SF

      Highway 80 Retail Opportunity

      Prime commercial space on Highway 80, ideal for various businesses.
      21891 Us Highway 80, Wills Point, TX 75169
      View Details
    • $2,760 /Mo
      170,755 SF

      Highway 80 Retail/Office Space

      Prime commercial property on State Highway 80 with high visibility.
      21891 Us Highway 80, Wills Point, TX 75169
      View Details

    FAQs

    What type of property is this?
    Storefront property - Historic downtown Wills Point retail space available for lease.
    Where is this storefront property located?
    The property is located at 145 N 4Th St Wills Point, TX.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Prime corner location in Downtown Wills Point with frontage on two main streets.; - Large usable space of over 5300 sq ft.; - Recently renovated exterior with fantastic visibility.
    (214) 837-5271
    Request Owner's contact information
    145 N 4Th St Wills Point, TX 75169
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    Wills Point, TX 75169
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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
    145 N 4Th St Wills Point, TX 75169
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    We can help!
    Listing Contact
    Josh Brannon
    Real Estate License ID: 0541775
    (214) 837-5271
    Learn more
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