Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Office Space, Lindale, TX Title is generated by Realmo AI

    1501 S Main Street, Lindale, TX 75771

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $395,000

    Office - Lindale, TX

    Type:Office
    Property size:
    2,200 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $179/SF
    Added:
    Apr 18, 2026
    Days on Market:
    29
    Last Refresh:
    May 16 at 4:06 am

    Property Features for 1501 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active Under Contract
    APN
    100000094803017000
    Size
    2,200 SF
    Lot size
    0.60 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Flooring type
    Wood
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Trish Anderson

    Listing agent Trish Anderson License #0446825

    Listing office I-20 Team Real Estate, LLC 17056 IH-20 West, Lindale, TX

    Listing date Apr 18, 2026

    MLS# 21130000 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.

    HighLights

    • High‑Traffic Location: Situated on Highway 69 with over 25,000 daily traffic count, ensuring exceptional visibility and exposure.
    • Meticulously Renovated Commercial Space: 2200 sq. ft. space blending modern amenities with classic charm.
    • Multiple Access Points: Road frontage on both Main Street and Pearl Street provides optimal accessibility.
    • Ample Parking: Convenient parking space for visitors, enhancing customer experience.
    • Versatile Office Layout: Includes four offices, three bathrooms, a conference room, and a reception area.
    • Opportunity to capitalize on the Booming East Texas Market.

    Overview

    This renovated commercial space, originally built in 1962, offers over 2200 sq. ft. of versatile office space. Located in the heart of Lindale's business district, the property features four offices, three bathrooms, a conference room, and a reception area. The property is situated on Highway 69, with road frontage on Main Street and Pearl Street, and experiences daily traffic exceeding 25,000. Ample parking space is available. The location is suited to a wide range of businesses seeking a central hub for operations. The property is positioned to capitalize on the region's economic vibrancy.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $290.4K
    NOI $26,136 @ 9.00% cap · cautious / downside scenario
    Moderate
    $373.4K
    NOI $26,136 @ 7.00% cap · market / base-case scenario
    Aggressive
    $522.7K
    NOI $26,136 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $39.6k $18.00
    − Vacancy −$4.8k −$2.16
    EGI $34.8k $15.84
    − OpEx −$8.7k −$3.96
    NOI $26.1k $11.88
    2,200 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $373.4K
    $326.7K – $435.6K (±1% cap)
    NOI $26,136 @ 7.0% cap · market cap 6.62%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Hotel Hospitality
    $1.66M
    $1.45M – $1.93M (±1% cap)
    NOI $115,995 @ 7.0% cap · market cap 29.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lindale
    County
    Smith
    State
    Texas
    Longitude
    -95.405471
    Latitude
    32.499136

    Nearby Similar for Sale

    • $425,000
      5,697 SF

      Historic Lindale Building on Corner Lot

      Versatile building in historic downtown Lindale with retail/office potential.
      100 E Hubbard St, Lindale, TX 75771
      View Details
    • $2,400,000

      Lindale TX Commercial Restaurant Opportunity

      10 acres with 28,000 sqft clubhouse, restaurant, and event center.
      22049-b Fm 1995, Lindale, TX 75771
      View Details
    • $795,000
      3,502 SF

      Lindale Ranch with 50 Acres

      50-acre Lindale ranch featuring a brick home and equestrian facilities.
      19418 CR 4125, Lindale, TX 75771
      View Details
    • $889,000
      3,053 SF

      Stallion Lake Ranch Custom Home

      Custom 3,050 sq ft home on 8 acres.
      23220 Bridle View Drive, Lindale, TX 75771
      View Details
    • $195,000
      4,200 SF

      Commercial Building on Main Street

      Commercial property with high visibility and development potential.
      910 S Main, Lindale, TX 75771
      View Details
    • $425,000

      Historic Corner Retail/Office in Lindale

      Versatile building in historic downtown Lindale, ideal for retail/office.
      100 E Hubbard Street, Lindale, TX 75771
      View Details
    • $950,000
      2,693 SF

      Lindale Ranch with Private Lake

      45+ acre ranch featuring a home and private lake.
      18340 County Road 479 Road, Lindale, TX 75771
      View Details
    • $180,000

      Lindale Mixed-Use Investment Opportunity

      Mixed-use property in Lindale's growing downtown area.
      106 S College Street, Lindale, TX 75771
      View Details
    • $499,900
      1,260 SF

      Lindale Farmhouse on Scenic Acres

      Modern farmhouse on 10.98 acres with stocked pond.
      23326 CR 448, Lindale, TX 75771
      View Details
    • $850,000
      7,528 SF

      Historic Lindale Building For Sale

      Prime corner location in historic downtown Lindale with excellent visibility.
      100 N Main St, Lindale, TX 75771
      View Details
    • $850,000

      Prime Corner Retail in Lindale

      Excellent visibility in historic downtown Lindale, ideal for retail/office.
      100 N Main Street, Lindale, TX 75771
      View Details
    • $2,850,000
      16,890 SF

      Lindale Apartment Complex For Sale

      Fully occupied apartment complex in Lindale, TX with modern amenities.
      307 N Henry Street, Lindale, TX 75771
      View Details

    FAQs

    What type of property is this?
    Office units - Meticulously renovated office space in Lindale's business district.
    Where is this office units located?
    The property is located at 1501 S Main Street Lindale, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: High‑Traffic Location: Situated on Highway 69 with over 25,000 daily traffic count, ensuring exceptional visibility and exposure.; Meticulously Renovated Commercial Space: 2200 sq. ft. space blending modern amenities with classic charm.; Multiple Access Points: Road frontage on both Main Street and Pearl Street provides optimal accessibility.
    (903) 881-0500
    We can help!
    Listing Contact
    Trish Anderson
    Real Estate License ID: 0446825
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1501 S Main Street, Lindale, TX 75771
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!