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    The Largest CRE Database in the US with Over 1 Million Listings

    15632 State Highway 110 S, Unit 3 Whitehouse, TX 75791

    Sponsored
    For Lease
    $300 /Mo ($16 SF/Yr)

    Building - Whitehouse, TX

    Property size:
    225 SF
    Lot size:
    2.43 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 21 at 3:06 pm

    Property Features for 15632 State Highway 110 S

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Off Street
    Size
    225 SF
    Lot size
    2.43 Acres

    Utilities

    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2005
    Architectural style
    Other

    We can help!

    Listing Contact
    Mitchell NeJame

    Drake Capital, LLC dba Drake Real Estate & Investments (903) 581-3737

    Listing agent Mitchell NeJame (903) 581-3737 License #0728263

    Listing date Feb 19, 2026

    MLS# 26002384 Listing URL

    Copyright © 2026 Greater Tyler Association of Realtors. 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

    Flex Space in Whitehouse, TX

    Located in Hillside Business Park on Highway 110 just south of Loop 49, this flex space offers options for small business needs. Unit 3 is available for rent. The property features open surface parking and monument signage. Minimal tenant responsibility is required. Utilities are included as part of the full-service offering. The lot size is 2.427 acres and the property size is 225 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rafter P Roofing ... Roofing Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitehouse
    County
    Smith
    State
    Texas
    Longitude
    -95.237287
    Latitude
    32.251933

    Nearby Similar for Lease

    • New
      $1,595 /Mo
      105,720 SF

      Highway 110 Office Suites Available

      Multiple office suites available for lease in Whitehouse, Texas.
      15632 State Highway 110 S, Whitehouse, TX 75791
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    • New
      $1,595 /Mo
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      Office Space in Whitehouse, TX

      Office space for rent with utilities included in Whitehouse.
      15632 State Highway 110 S, Whitehouse, TX 75791
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    • New
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      Office Space in Whitehouse, TX

      Four offices available in Hillside Business Park, Whitehouse, TX.
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    • $400 /Mo
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      Office Space in Whitehouse, TX

      Flexible office space available in Hillside Business Park.
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    • $350 /Mo
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      Office Space in Hillside Park

      Flexible office space with utilities included in Whitehouse, Texas.
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    • $225 SF/Yr
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      Office Space in Hillside Business Park

      Flexible office space with utilities included, south of Loop 49.
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      Office/Flex Space in Whitehouse, TX

      Flexible space options available in Hillside Business Park.
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    • $1,450 /Mo
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      Prime Location in Whitehouse

      Commercial property with high exposure potential in Whitehouse, Texas.
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    • $1,000 /Mo
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      Warehouse Space in Whitehouse, TX

      Warehouse space for lease with dock high and grade-level doors.
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    • $1,000 /Mo
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      Warehouse Space in Whitehouse, TX

      Warehouse space for lease near E Main and Hwy 110 N.
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    • $11 SF/Yr
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      Whitehouse, TX Industrial Flex Space

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      Whitehouse Industrial Warehouse Space

      Flex Warehouse, 2100 SF Available
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    FAQs

    What type of property is this?
    Flex space - Flex space available for rent in Whitehouse, Texas.
    Where is this flex space located?
    The property is located at 15632 State Highway 110 S, Unit 3 Whitehouse, TX.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Full service with utilities included; - Conveniently located on Highway 110 just south of Loop 49; - Affordable rental rates
    (903) 581-3737
    Request Owner's contact information
    15632 State Highway 110 S, Unit 3 Whitehouse, TX 75791
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    Whitehouse, TX 75791
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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
    15632 State Highway 110 S, Unit 3 Whitehouse, TX 75791
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    We can help!
    Listing Contact
    Mitchell NeJame
    Real Estate License ID: 0728263
    (903) 581-3737
    Learn more
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