Brick Office
For Sale
$265,000
202 US Highway 69 N, Lone Oak, TX 75453
CommercialSale, Lone Oak, TX
Property Size600 SF
Lot Size0.17 Acres
Price / SF$441.67
Days on Market126
Property Features for 202 US Highway 69 N
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking features
Open
Subdivision
Orig Town Of Lone Oak
Directions
From Fm 513 Hwy 69, North to property on right next to carwash
Standard status
Active
APN
74020
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
S4395 ORIG TOWN OF LONE OAK BLK 120 LOT 1B AC
Tax Annual Amount
1337
Legal Description
S4395 ORIG TOWN OF LONE OAK BLK 120 LOT 1B AC
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick
Roof type
Metal
Listing Agency:
Exit Realty Pinnacle Group
(903) 356-4700
Listed By:
Kathy Hobbs · License #0417256
(972) 741-2421
Added: Apr 22
Changed: Aug 21
Last Checked: Aug 25 at 5:06PM
MLS# 21060062
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.
Investment Insights
Based on property information with market context.
This brick office unit provides approximately 600 sq ft of commercial space on a 0.17-acre parcel. Interior features include concrete flooring, while the property is served by public water and public sewer. The roof is metal, and open parking is available on site.
The property fronts US Highway 69 N in Lone Oak. Central heat and air are present but require repair, an important consideration for future occupancy and improvements.
The property fronts US Highway 69 N in Lone Oak. Central heat and air are present but require repair, an important consideration for future occupancy and improvements.
Key Highlights
- Approximately 600 sq ft office building on 0.17 acres
- Brick construction with a metal roof and concrete flooring
- Located on US Highway 69 N in Lone Oak
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,609
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$152,180
$152.2K
Cap Rate 7%
$108,700
$108.7K
Cap Rate 9%
$84,544
$84.5K
Market Conditions
NOI Build-Up for 600 SF
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.
Gross rent
$13.2K $21.96/SF
− Vacancy
−$3.0K −$5.05/SF
EGI
$10.1K $16.91/SF
− OpEx
−$2.5K −$4.23/SF
NOI
$7.6K $12.68/SF
Area
Hunt County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$152,180
Cap Rate 7%
$108,700
Cap Rate 9%
$84,544
Alternative Uses
Best Use
Office B
$108.7K
$95.1K – $126.8K
NOI $7,609 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$596.2K
$521.7K – $695.6K
NOI $41,734 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 75453, TX
3,737
Population
1,298
Households
2.9
Avg Household Size
43
Median Age
13%
College-Educated
86%
High-School Grad
78.4 sq mi
ZIP Area
48
Density / Sq Mi
$82,000
Median Household Income
$51,506
Median Earnings
$1,096
Median Rent
$204,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Compact office space with open parking, concrete flooring, and public water and sewer service.
Where is this office units located?
The property is located at 202 US Highway 69 N Lone Oak, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Approximately 600 sq ft office building on 0.17 acres; Brick construction with a metal roof and concrete flooring; Located on US Highway 69 N in Lone Oak
